Pakistan stock market enters strongest season

Abdur Rahman | October 06, 2024 at 07:32 PM GMT+05:00

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October 06, 2024 (MLN): Pakistan stock market may extend its rally further as it enters its best period of the year, historical seasonal trends suggest.

Stocks tend to perform well towards the end of the year—with October-December quarter logging the biggest average gains for KSE-100 Index.

Data going back to 1992 show the KSE-100 has climbed an average 6.6% from October through year-end, according to MG Research calculations.

That gain is 8.1% and 13.5% on average in the past 10- and 5-years, respectively, the data shows.

To note, KSE-100 is up 21,081 points or 33.8% so far this year.

Disclaimer: The views and analysis in this article are the opinions of the author and are for informational purposes only. It is not intended to be financial or investment advice and should not be the basis for making financial decisions.

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KSE100	162,717.30 129.02M	0.30% 491.03
ALLSHR	98,663.53 467.79M	0.41% 397.94
KSE30	49,371.24 72.50M	0.29% 142.70
KMI30	231,944.81 66.02M	0.51% 1178.90
KMIALLSHR	64,183.82 198.12M	0.50% 320.61
BKTi	43,988.14 14.71M	0.03% 15.37
OGTi	32,011.02 13.15M	1.13% 358.83

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	92,210.00	93,225.00 90,445.00	2630.00 2.94%
BRENT CRUDE	63.80	63.83 63.53	0.29 0.46%
RICHARDS BAY COAL MONTHLY	85.00	0.00 0.00	0.00 0.00%
ROTTERDAM COAL MONTHLY	96.25	96.25 95.90	0.35 0.37%
USD RBD PALM OLEIN	1,082.50	1,082.50 1,082.50	0.00 0.00%
CRUDE OIL - WTI	59.54	59.65 59.26	0.29 0.49%
SUGAR #11 WORLD	14.66	15.05 14.62	-0.04 -0.27%