KARACHI: The Pakistan Stock Exchange (PSX) has been the best market of the year, with the market’s benchmark 100 index up nearly 150 per cent in 17 months.
Many records were set in the last business week of November 2024, the 100 index of the market fell historically due to political protests and then rose historically when the protests ended.
The index crossed one lakh for the first time in a business week, and the performance of the market was a cause of joy for all of Pakistan.
100 index rose 12,390 points in November, the index hit a record high of 11,496.
Although volatility in share prices is a market trend, experts believe that the market is still cheap after 17 months of 150 per cent growth.
In November, about 18 billion shares were traded for 690 billion rupees and the market capitalisation has increased by 1 thousand 348 billion rupees.
The Pakistan Stock Exchange (PSX) on Thursday made history when its benchmark index KSE-100 showed an impressive increase of 1 per cent, crossing the gateway set at 100,000 points at the start of the trading day.
According to the PSX website, the market opened on a bullish tone, and the KSE-100 was hovering at 100,216.68 level as of 09:47 am with an increase of 666.38 points or 0.67 per cent.
