PSX may extend rally after elections, history shows

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	186,093.67 373.88M	-0.93% -1738.41
ALLSHR	111,848.06 600.88M	-0.89% -1003.64
KSE30	56,926.13 105.94M	-1.07% -613.83
KMI30	262,815.05 44.43M	-0.93% -2472.99
KMIALLSHR	71,839.46 363.72M	-0.84% -606.21
BKTi	54,391.05 73.73M	-1.32% -728.25
OGTi	37,845.67 16.28M	-2.06% -795.84

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	66,045.00	66,900.00 60,005.00	2250.00 3.53%
BRENT CRUDE	68.40	68.60 66.87	0.85 1.26%
RICHARDS BAY COAL MONTHLY	90.00	0.00 0.00	-3.80 -4.05%
ROTTERDAM COAL MONTHLY	100.75	100.75 100.20	1.45 1.46%
USD RBD PALM OLEIN	1,071.50	1,071.50 1,071.50	0.00 0.00%
CRUDE OIL - WTI	64.15	64.35 62.31	0.86 1.36%
SUGAR #11 WORLD	14.27	14.44 14.20	-0.17 -1.18%