KSE-100 market capitalization soars 61%, led by pharmaceuticals, jute and transport
PSX breaks 22 Years Record becoming Top Performing Market Globally. Pakistan’s stock market has recorded its best performance in 22 years, with the KSE-100 Index soaring an impressive 86% in 2024. This remarkable surge has catapulted Pakistan’s stock market to the top of the global rankings, highlighting its growing potential and resilience amidst a challenging global economic landscape.
The stunning rally is largely attributed to the improving economic conditions within the country. Experts have pointed to several key factors driving the market’s impressive growth, including expectations of interest rate cuts and easing inflation, which have provided a favorable environment for investors in Pakistan. The country’s economic outlook is becoming increasingly optimistic, and investors are responding positively to the signals of recovery.
The market’s recovery has also been fueled by a return of domestic mutual funds, which had been largely absent during the previous years of economic uncertainty. The revival of these funds, coupled with anticipated foreign investment, is expected to provide a solid foundation for further growth in 2025.
Notably, the market capitalization of companies listed on the KSE-100 Index has increased by 61%, reflecting a widespread sense of optimism among investors. Sectors such as Pharmaceuticals, Jute, and Transport have led the charge, posting significant gains and attracting increased investor interest.
Analysts predict that the momentum is likely to continue into the new year, with a combination of improving macroeconomic fundamentals, strong corporate earnings, and continued foreign interest poised to drive further growth.
