please don't pump palladium please don't pump palladium please don't pump palladium please don't pump palladium please don't pump palladium please please please please don't pump palladium in this thread
@ajna take a look at the performance of KSE(karachi stock exchange - pakistans biggest stock exchange) over the last 3 years. Then come back and tell whether u wud wanna go long or short
Usman, The charts for both Pakistan and India look great. http://www.bloomberg.com/apps/cbuilder?ticker1=KSE100:IND http://www.bloomberg.com/apps/cbuilder?ticker1=SENSEX:IND But I'm interested in a pairs trade. Long India, Short Pakistan. Long fractious stable democracy, short flailing military dictatorship that is about to have economic aid from the US reduced.
Names of some stocks that are associated with Pakistan: Pakistan Telecommunication L OTHER OTC PKTLFM Pakistan Cem Co Ltd OTHER OTC CKWLY Pakistan Cem Co Ltd OTHER OTC CKWCF Pakistan Tobacco Company Ltd (Public, KARAKT) Pakistan Reinsurance Company Ltd. (Public, KARAKRI) Pakistan Telecommunication Company Ltd. (Public, KARTC) National Bank of Pakistan (Public, KAR:NBP) Pakistan Petroleum Ltd. (Public, KARPL) Nestle Pakistan Ltd. (Public, KAR:NESTLE) Pakistan State Oil Company Limited (Public, KARSO) Allied Bank Of Pakistan Ltd. (Public, KAR:ABL) Pakistan Oilfields Ltd. (Public, KAROL)
@ajna if i were u i would go long on the both markets. What you dont understand is that political events have little or no ramifications on the performance of stock exchange and corporations in the pakistan. If you go back 3 years and compare performance of KSE with political events ull notice that much more serious events(compared to bhuttos assasination) have happened......the markets took a slight blow but eventually headed UPWARDS
Usman, What broad based funds are there that cover Pakistan for foreigners? The ADRs I've seen are mainly otc/pink sheets. st
I am not the rite person for this purpose you can search for 1. AKD Securities/AKD Trade 2. Arif Habib Securities 3. Jahangir Siddiqui investments in Google and call them up in the morning
Can someone answer the previous poster's question about a Pakistani ETF? We can read the newspapers and watch the TV news as well as everyone else, thanks. Don't need the news bulletins.