PSX may extend rally after elections, history shows
Abdur Rahman | February 04, 2024 at 10:44 PM GMT+05:00
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 | 138,412.25 167.69M | 0.32% 447.43 |
| ALLSHR | 85,702.96 423.92M | 0.15% 131.52 |
| KSE30 | 42,254.84 82.09M | 0.43% 180.24 |
| KMI30 | 194,109.59 84.37M | 0.15% 281.36 |
| KMIALLSHR | 56,713.67 217.03M | 0.03% 16.37 |
| BKTi | 37,831.34 13.04M | 1.62% 603.62 |
| OGTi | 27,440.63 3.93M | -0.09% -23.70 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 116,925.00 | 119,740.00 116,460.00 | -1370.00 -1.16% |
| BRENT CRUDE | 73.41 | 73.63 71.75 | 0.90 1.24% |
| RICHARDS BAY COAL MONTHLY | 96.50 | 0.00 0.00 | 2.20 2.33% |
| ROTTERDAM COAL MONTHLY | 104.50 | 104.50 104.50 | -0.30 -0.29% |
| USD RBD PALM OLEIN | 998.50 | 998.50 998.50 | 0.00 0.00% |
| CRUDE OIL - WTI | 70.27 | 70.51 68.45 | 1.06 1.53% |
| SUGAR #11 WORLD | 16.46 | 16.58 16.37 | -0.13 -0.78% |
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