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	164,831.42 172.53M	1.19% 1934.74
ALLSHR	99,333.72 384.51M	0.90% 884.04
KSE30	49,356.83 107.72M	1.37% 669.37
KMI30	237,212.17 96.91M	1.44% 3362.86
KMIALLSHR	64,767.41 193.69M	1.12% 719.32
BKTi	44,973.02 33.91M	1.41% 625.96
OGTi	34,831.33 6.50M	1.19% 408.38

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	77,615.00	77,920.00 76,465.00	780.00 1.02%
BRENT CRUDE	104.99	111.49 103.24	-6.29 -5.65%
RICHARDS BAY COAL MONTHLY	110.00	0.00 0.00	-8.75 -7.37%
ROTTERDAM COAL MONTHLY	113.00	113.00 112.80	0.55 0.49%
USD RBD PALM OLEIN	1,191.50	1,191.50 1,191.50	0.00 0.00%
CRUDE OIL - WTI	98.33	104.45 96.94	-5.82 -5.59%
SUGAR #11 WORLD	14.76	15.15 14.67	-0.25 -1.67%