PSX may extend rally after elections, history shows

By 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 | 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% |
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