Pakistan ETF Surges on Loans to Support Weak Currency

FAN Editor

This article was originally published on ETFTrends.com.

Pakistan country-specific ETFs have been strengthening in recent weeks on a post-election rally and surged Monday, breaking back above its short-term trend line, on reports that China provided a $2 billion loan to bolster the emerging country’s foreign-exchange reserves. The Global X MSCI Pakistan ETF (NYSEArca: PAK) rose 6.2% Monday and was trading back above […]

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