PSX may extend rally after elections, history shows

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By Abdur Rahman | February 04, 2024 at 10:44 PM GMT+05:00

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February 04, 2024 (MLN): The record-breaking stock market's benchmark KSE-100 Index may continue its leg higher after February 08 elections, according to historical data.

The index has climbed an average 7.5% in the month following the past six polls, ever since the KSE-100 index was introduced.

The rally has typically continued, with the gauge advancing 18% on average in the next three months and 20% in the next six months.

KSE-100 has been trading sideways since mid-December, after posting the best annual performance in over a decade.

While in the current fiscal year, KSE-100 is the best-performing gauge in dollar terms among more than 90 equity indexes tracked by Bloomberg, having gained 55.5%.

Post-Election KSE-100 Index Performance
Election Date After 1 Month After 3 Months After 6 Months
1993 14.9% 69.9% 77.6%
1997 2.4% -3.4% 21.5%
2002 6.1% 32.4% 35.9%
2008 4.3% -0.8% -28.5%
2013 11.2% 16.7% 16.6%
2018 5.9% -6.8% -3.0%
Average Gain 7.5% 18.0% 20.0%

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Name Price/Vol %Chg/NChg
KSE100 133,138.78
137.04M
0.42%
561.79
ALLSHR 83,320.18
467.07M
0.41%
336.50
KSE30 40,454.19
21.12M
0.24%
95.40
KMI30 191,175.54
26.98M
0.24%
448.22
KMIALLSHR 55,869.33
234.76M
0.31%
170.86
BKTi 36,560.33
8.17M
0.88%
318.27
OGTi 28,187.28
2.68M
-0.48%
-136.13
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 111,730.00 112,170.00
111,395.00
-515.00
-0.46%
BRENT CRUDE 70.15 70.42
69.91
-0.04
-0.06%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
1.45
1.51%
ROTTERDAM COAL MONTHLY 108.00 109.00
107.95
0.90
0.84%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 68.28 68.57
68.04
-0.10
-0.15%
SUGAR #11 WORLD 16.54 16.61
16.08
0.41
2.54%

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