The year 2024 has turned out to be a historic year for the Pakistan Stock Exchange (PSX), with the KSE-100 index recording a phenomenal gain of over 53,000 points.
Market capitalization grew by 61%, reaching an impressive PKR 14.6 trillion. In dollar terms, the KSE 100 index saw an 87 percent gain.
The KSE-100 index, which opened at 62,045 points on December 30, 2023, closed at 115,126 points by December 31, 2024, setting new records.
Analysts attribute this outstanding performance to the improvement in economic indicators, including the stabilization of the Pakistani rupee.
Consistent policy reforms to boost investor confidence. Significant improvement in key economic sectors such as banking, IT and textiles.
The record-breaking growth reflects positive investor sentiment fueled by low inflation, increased foreign direct investment (FDI) and improved corporate earnings.
Economists believe that the strong growth in the stock market is an indication of the overall strength of Pakistan’s economy.
He noted that “stock market growth is an indication of the overall strength of Pakistan’s economy. The performance of the PSX is a testament to the resilience of Pakistan’s financial system despite past challenges.”
With the PSX breaking records and attracting local and foreign investors, analysts are optimistic about continued growth through 2025. Key sectors such as energy, infrastructure and IT are expected to play a significant role in future market performance.
The outstanding performance of the Pakistan Stock Exchange has not only boosted its global reputation but also served as a ray of hope for the country’s economic future.
