The Pakistan Stock Exchange (PSX) saw a notable rise with the KSE-100 index rising 3.51%, closing at 115,258.99, an increase of 3,907.82 points from the previous day’s close.
Key Highlights for December 28, 2024:
- High: The KSE-100 index reached a high of 115,422.34 during the trading session, reflecting strong market activity.
- Low: The index fell to 111,916.70 during early trading, but recovered sharply to close higher.
- Volume: The total traded volume reached 520,246,100 shares, indicating active participation of investors.
- Previous Close: The market had closed at 111,351.17 the previous trading day.
- Value: The total value of the trade amounted to 27,796,349,118, reflecting strong liquidity in the market.
The strong performance of the KSE-100 index in 2024 follows a year of steady growth, with notable momentum from April 2024 onwards.
In the second half of the year, the index reached a high of 117,039.18, before stabilizing near current levels.
In 2024, the KSE-100 index recorded 80% growth, closing at 111,351.17 on December 28, up from 62,052 at the same time in 2023, marking a significant recovery from the previous year.
For the fiscal year 2023-24, the KSE-100 recorded a notable increase of 89.24%, closing at 78,445 points on June 30, 2024, up from 41,453 points in the previous year. This continued positive momentum reinforces the PSX’s recovery.
The KSE-100 recorded a 70% gain in year 24, marking its best performance since 2002 and positioning the PSX as the second best-performing global market, after Argentina, according to the Pakistan Strategy 2025 report.
On December 27, 2024, the KSE-100 closed at 111,351.17, close to its high levels, with a 52-week range between 58,758.48 and 117,039.18 points, demonstrating substantial growth.
Looking ahead, the KSE-100 is projected to reach 165,215 points in December 2025, reflecting an upside potential of 55.5%. This growth outlook highlights the growing interest of global investors in the Pakistan Stock Exchange, with the market showing signs of sustained momentum and potential for further gains.
