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No reason to jump for joy - Newspaper

The Pakistani stocks yielded a mouth-watering return of 38 per cent in the financial year ended June 30, 2021. That was the highest return provided to the investors after 14 years 2013-14 had given a return of 41pc. But it has to be reckoned that over the past five years, the average yearly return dropped to 7pc as in the last three of the five years, the market performed extremely poorly: 2017-18 gave out a negative return of 10pc; 2018-19 a negative return of 19pc and 2019-20 yielded a nominal positive return of 1.53pc. With such a poor base, the 38pc return in 2020-21 is neither strange nor something to jump with joy.

Stock market offers 39pc return in FY21 - Newspaper

Three of the last five years have been unkind to the investors with negative returns of 10pc in FY18; 19pc in FY19 and 1.53pc in FY20. AFP/File KARACHI: The Pakistan Stock Exchange (PSX) provided investors with a mouth-watering return of 39 per cent at the close of trading for 2020-21. Comparative average returns were 23pc on average a year and compound annual growth rate (CAGR) at 19pc over the last 20 years, the average of 15pc and CAGR of 11pc over 15 years and average return of 16pc and CAGR of 14pc over 10 years. Over the past five years, the average yearly return dropped to 7pc and CAGR to 5pc. Three of the last five years have been unkind to the investors with negative returns of 10pc in FY18; 19pc in FY19 and 1.53pc in FY20.

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