PSX rises 3.51% as KSE-100 hits 115,258.99

The Pakistan Stock Exchange (PSX) rose sharply with the KSE-100 index rising 3.51% to close at 115,258.99 points — up 3,907.82 points from the previous day’s close.

Highlights for December 28, 2024:

• High: The KSE-100 hit an intraday high of 115,422.34, reflecting strong market activity.
• Low: The index fell to 111,916.70 in early trade but bounced back to close higher.
• Volume: Total trading volume reached 520,246,100 shares, indicating active investor participation.
• Previous Close: The market had closed at 111,351.17 units on the previous trading day.
• Value: The total value of transactions amounted to 27,796,349,118, reflecting the strong liquidity in the market.

The strong performance of the KSE-100 index in 2024 follows a year of steady growth, with a marked increase in momentum from April 2024 onwards.

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

In 2024, the KSE-100 index showed an 80% increase, closing at 111,351.17 points on December 28, compared to 62,052 in the same period in 2023, marking a significant recovery from the previous year.

For the financial year 2023-24, the KSE-100 registered a remarkable 89.24% gain to close at 78,445 points on June 30, 2024, from 41,453 points in the previous year. This continued positive momentum is strengthening the PSX’s recovery.

The KSE-100 surged 70% in CY24, marking its best performance since 2002 and placing 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 points, close to its peak levels, with a 52-week range between 58,758.48 and 117,039.18 points, demonstrating significant growth.

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