Nifty climbs as financials shine and sentiment improves

A quick comparison between the two nations’ equity landscapes tells the story. Based on a currency conversion of 1 Pakistani rupee to 30 Indian paise, the cumulative market capitalisation of the 476 most prominent companies on the Pakistan Stock Exchange (PSX) adds up to ₹5.66 lakh crore. That’s less than the market cap of a single Indian large-cap stock—Infosys—at ₹6.26 lakh crore as of last Friday’s close :slightly_smiling_face:

Yeah, given the size difference, it doesn’t really make sense to compare them—something I realized afterwards. But a bet is a bet, after all. Perhaps the 10% increase can be attributed to hopes for an improvement in the war situation, or may be because of an IMF loan to Pakistan. Just for broader analysis of the current situation I looked at the index

The only thing blowing my mind is the fact that Pakistan has a stock market.

2 Likes

IMF loan of 1Bn to Pakistan has just covered some cost of the Indian strike . & this loan was meant for that , Pakistan Army has an obsession on India , Lets not Dignify the state of Beggar & Terrorist sponsoring state of Pakistan , again Lets not dignify them :slightly_smiling_face:

1 Like