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	133,138.78 137.04M	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%