TASI has delivered a robust 9.4% YTD return in 1H23, outperforming MSCI EM benchmark by 200bps. The overall backdrop for TASI remained quite encouraging. Positive updates on the economy (rating upgrade, a slew of economy data), progress on economic reforms under Vision 2030 (PPP in particular), corporate updates (business expansion, merger & acquisition) and change in regulations (new Company Law came into effect) have driven TASI higher.

 

1-Sectors performance

 

2-Stock performance

 

3-Liquidity

 

4-Foreign holding

 

5-Valuation