ANKARA: Analysts from Brown Brother Harriman, explained that in the EM equity space as measured by MSCI, Turkey (+5.7%), Colombia (+2.5%), and Mexico (+2.4%) have outperformed this week, while Qatar (-4.2%), UAE (-3.8%), and the Philippines (-1.6%) have underperformed. To put this in better context, MSCI EM rose 0.6% this week while MSCI DM was flat. In the EM local currency bond space, Brazil (10-year yield -28 bp), Turkey (-20 bp), and Russia (-12 bp) have outperformed this week, while Taiwan (10-year yield +6 bp), Thailand (+6 bp), and Hungary (+5 bp) have underperformed. To put this in better context, the 10-year UST yield fell 6 bp this week to 2.43%.
lamic banking assets reach Rs14.47 trillion, sector share rises to 23%
KARACHI: Pakistan’s Islamic banking sector expanded during 2025, increasing its share in the country’s financial system with assets reaching nearly...
