Gold, Naya Pakistan Certificate and US Dollar Best Performing Assets in 2022
Amongst major asset classes widely followed by local investors and savers, Gold, 1 year US$ Naya Pakistan Certificate and US Dollar remained best performing asset in Pakistan in 2022.
These asset classes provided better returns compared to estimated average CPI inflation of 20% in outgoing calendar year 2022.
Gold posted gain of 41% in 2022 rising from Rs108,200/10 gm to Rs152,700 after gaining 11% in 2021.
In local Sarafa/Bullion market Gold rallied in line with increase in USD rate in the black market.
Currently Gold is valued at black market parity rather than official rate which is 10% lower.
Although in the international market Gold remain more or less stable in 2022.Naya Pakistan Housing Loan-All You Need to Know
The holder of Naya Pakistan US$ Certificate under Roshan Digital Account (RDA) also made 36% in PKR terms due to falling PKR value.
Similarly, holders of cash USD made a gain of 28% in 2022 as official bank rate of USD rose from Rs177 at end of 2021 to Rs226 now.
It was observed that lot of investors transferred their capital to fixed income instruments in 2022 due to rising interest rates.
Policy rate in Pakistan increased from 9.75% to 16% in 2022. Following this, 3-month T-Bill average gain was 14% in 2022.
Similarly local money market funds also generated 14% average return in 2022.
Return on Bank Deposits (excluding current account) and Special Saving Certificate issued by Government of Pakistan was 11% on an average in 2022.
Most famous and widely followed property sector was also affected in 2022 due to macroeconomic concerns.
Indices tracking houses, plots and residential property were up 12-14% in 2022.
Pakistan’s weak external account situation, rising interest rates and political uncertainty led to lower interest in equities and bonds.
Government bond prices fell due to rising policy rate. Benchmark 10-year PIB posted a negative return of 2% (inclusive of 8% coupon) in 2022.
Stock market along with Equity Funds under performed other major asset classes in 2022 with benchmark KSE 100 Index falling 10%.
