The Benchmark index grew at an annualised rate of 14pc since 1991

On Monday, The benchmark index of the Pakistan Stock Exchange (PSX) has grown at an annualised rate of almost 14 per cent since its inception 30 years ago, according to a research report issued by Topline Securities.

This means that anyone who held for 30 years a portfolio mirroring the KSE-100 index would have turned an initial investment of Rs1,000 into Rs47,000 by the end of 2020-21 a gain of 47 times.

https://twitter.com/toplinesec/status/1422202023169216518

In dollar terms, the annualised return has been 7pc over the last 30 years. This means a $1,000 investment in line with the KSE-100 index would have grown more than seven times to $7,273 even after adjusting for currency depreciation.