FinanceNews

Pakistan is top share index in 2002, Germany worst

LONDON (January 01 2003) : As stock markets ground to the end of another troubled year on Tuesday, Pakistan's stood out as the world's best performer, its key index more than doubling as a crackdown on unofficial banking channels pushed funds into the market.

Frankfurt's Xetra DAX was the world's worst performing major index with a 44.96 percent fall, as Germany's sluggish economy, poor corporate earnings and banking system worries combined with fears of a possible US war with Iraq to punch out investors.

A snapshot of 2002 index percentage performance taken at 1200 GMT on December 31, with several hours of trade left in some European markets and a half day of trading set for US markets.

============================================================  COUNTRY                              INDEX   CHNG IN PERCENT  ============================================================  Pakistan        Karachi 100           KSE            +112.20  Sri Lanka       All-Share             CSE             +31.25  Czech Rep       PX50                  PX50            +18.80  Thailand        SET                   SETI            +17.32  Indonesia       JSX                   JKSE             +8.39  India           Sensex                BSESN            +3.52  Poland          WIG 20                WIG20            -2.63  New Zealand     NZ Top 40             NZ40             -5.25  Malaysia        KLSE Composite        KLSE             -7.15  Korea           KOSPI                 KS11             -9.54  Australia       SP/ASX 200            AXJO            -12.13  Philippines     PHS Composite         PSI             -12.81  Canada          S&P/TSX               SPTSE           -13.93  USA             Dow Jones Industrials DJI             -16.85  China           Shanghai A            SSEA            -17.13  Singapore       Straits Times         STI             -17.40  China           Shenzhen A            SZSA            -17.91  Hong Kong       Hang Seng             HSI             -18.21  Japan           Topix                 TOPX            -18.30  Japan           Nikkei 225            N225            -18.63  Taiwan          Weighted              TWII            -19.79  USA             S&P 500               SPX             -23.40  Italy           MIBTEL                MIBTEL          -23.50  UK              FTSE 100              FTSE            -24.53  Switzerland     Swiss Market Index    SSMI            -27.84  Madrid          IBEX 35               IBEX            -28.11  China           Shenzhen B            SZSB            -29.62  USA             Nasdaq                IXIC            -31.32  Europe          FTSE Eurotop 300      FTEU3           -32.00  Europe          Stoxx 50              STOXX           -32.47  France          CAC 40                FCHI            -33.50  China           Shanghai B            SSEB            -33.83  Finland         HEX                   HEX             -34.62  Netherlands     AEX                   AEX             -36.05  Sweden          OMX                   Index           -41.74  Germany         Xetra DAX             GDAXI           -44.96  ============================================================

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