Pakistan ETF Falls After Fitch Downgrades Outlook
July 19, 2022 at 17:18 PM EDT
A Pakistan country-specific exchange traded fund plunged Tuesday after Fitch Ratings cut the country’s credit-rating outlook. The Global X MSCI Pakistan ETF (PAK) declined 4.6% on Tuesday. The Pakistani rupee currency depreciated as much as 2.8% to 221.875 per dollar, its biggest one-day drop since March 2020, while Pakistan’s benchmark stock index decreased 1.5%, Bloomberg [...] The post Pakistan ETF Falls After Fitch Downgrades Outlook appeared first on ETF Trends .
