Sri Lanka stocks outperform (33% USD return) emerging market to developed markets in 2023
As per the Tellimer Research calculations, Sri Lanka equities have generated 33% total return in USD term for the 2023. This is better than 25% of the developed markets while, far better than the average return generated by frontier markets (9%).
Despite the on domestic currencies the Pakistan stock (54%) over took the Sri Lanka (25%) stocks, but in terms USD Sri Lanka has over taken Pakistan.
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