PSX may extend rally after elections, history shows

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	133,368.53 20.96M	0.60% 791.54
ALLSHR	83,409.16 99.76M	0.51% 425.49
KSE30	40,596.96 4.29M	0.59% 238.17
KMI30	191,596.33 4.52M	0.46% 869.01
KMIALLSHR	55,921.00 43.84M	0.40% 222.52
BKTi	36,820.57 1.76M	1.60% 578.50
OGTi	28,225.78 0.64M	-0.34% -97.64

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	111,555.00	112,170.00 111,420.00	-690.00 -0.61%
BRENT CRUDE	70.24	70.24 69.91	0.05 0.07%
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	68.38	68.41 68.04	0.00 0.00%
SUGAR #11 WORLD	16.54	16.61 16.08	0.41 2.54%