PSX surges 3.51% as KSE-100 Index hits 115,258.99 points

PSX sees strong rally with the KSE-100 Index experiencing a 3,907.82-point Gain

Listen to article

The Pakistan Stock Exchange (PSX) experienced a notable surge with the KSE-100 Index rising by 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 robust market activity.
• Low: The index dropped to 111,916.70 during early trading but recovered sharply to close higher.
• Volume: The total volume traded reached 520,246,100 shares, indicating active participation by investors.
• Previous Close: The market had closed at 111,351.17 on the prior trading day.
• Value: Total trade value 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 building from April 2024 onward.

The second half of the year saw the index reaching a high of 117,039.18, before stabilizing near current levels.

In 2024, the KSE-100 Index posted an 80% growth, closing at 111,351.17 on December 28, compared to 62,052 at the same time in 2023, marking a significant recovery over the previous year.

For the fiscal year 2023-24, the KSE-100 posted a remarkable 89.24% increase, 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 posted a 70% gain in CY24, 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.

By December 27, 2024, the KSE-100 closed at 111,351.17, near its peak levels, with a 52-week range between 58,758.48 and 117,039.18 points, demonstrating substantial growth.

Looking forward, the KSE-100 is forecast to reach 165,215 points by December 2025, reflecting a 55.5% upside potential. This growth outlook highlights the growing global investor interest in the Pakistan Stock Exchange, with the market showing signs of sustained momentum and potential for further gains.