Mobius points to Pakistan as a long-term winner

The Pakistani stock market fell a further three points on Wednesday, following on from a 3.9pc drop earlier in the week, and the index is currently the lowest it has been since June 2006. However despite this, Mobius believes that the market will eventually pick up, although he predicts that volatility will continue in the short term. "It is a big and important country which is full of very intelligent people so there is no reason why they shouldn't do quite well," he said. Turning his attentions to another emerging market which has raised political concerns for investors, Russia, Mobi...