A landmark year for Pakistan Stock Exchange

2024 turned out to be a historic year for the Pakistan Stock Exchange (PSX), marked by unprecedented milestones and remarkable returns for investors.

With record performances, the stock market not only achieved historical benchmarks but also rewarded investors with significant gains, culminating in a year of extraordinary success.

During 2024, PSX set multiple records never before in its history. The year saw capital market investors receive an unprecedented 80% return on investment.

For the first time, the market passed the 100,000 mark. However, this success came after years of challenges faced by investors, particularly during the Pakistan Tehreek-e-Insaf (PTI) government.

The PSX 100 index registered an outstanding gain of 52,807 points during the year. Starting from 62,451 points on January 1, the index jumped to an all-time high of 115,258 points by the end of the year. The total value of the shares increased by 5.495 trillion. PKR during this period.

Record-breaking performance amid challenges

In 2024, foreign investors sold shares worth $120 million, withdrawing significant funds from the market. Despite this pressure, the PSX has shown remarkable resilience, continuing its upward trajectory.

However, the unexpected and unusual growth also sparked concerns and worries, leading to unusual volatility in December.

Two meetings in December highlighted this volatility. In one session, the PSX recorded a historic one-day gain of 4,700 points.

In contrast, another session saw a record one-day drop of 4,800 points, reflecting heightened uncertainty in the market.

New listings and industry developments

The year also saw nine new companies, from sectors such as finance, pharmaceuticals, food, textiles and transport, list on the PSX, offering shares to the public and expanding opportunities for investors. However, Pak Suzuki Motors was delisted by buying back its shares.

According to PSX CEO Farrukh Sabzwari, the outstanding performance of the stock market is due to macroeconomic stability, which has helped the PSX achieve unprecedented heights. Talking to you The Express Tribunehighlighted that investors earned 80% return in 2024 through the capital market.

Sabzwari shared additional information, noting that in 2024 there were five initial public offerings (IPOs) and six new company listings, raising PKR 8.4 billion through IPOs. On a monthly basis, the market saw an inflow of 7,000 to 7,500 new investors.

Outlook for 2025

Looking ahead, Sabzwari highlighted plans to expand the investor base through awareness campaigns and a focus on fintech and startups in 2025. He expressed optimism that the momentum would continue and drive further growth in the capital market.

With 2024 setting a new standard of achievement, PSX now aims to sustain its success and strengthen its role as a key driver of economic progress in Pakistan.