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	180,104.61 388.90M	-0.11% -206.60
ALLSHR	108,838.05 888.10M	-0.14% -150.10
KSE30	53,603.57 82.09M	-0.20% -109.40
KMI30	252,988.26 112.53M	-0.14% -356.16
KMIALLSHR	69,789.36 622.55M	0.02% 11.95
BKTi	51,939.19 21.86M	-0.35% -181.79
OGTi	35,691.88 10.10M	0.01% 3.44

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	62,890.00	63,715.00 62,520.00	-585.00 -0.92%
BRENT CRUDE	88.53	88.80 86.20	1.46 1.68%
RICHARDS BAY COAL MONTHLY	110.00	110.00 110.00	-0.65 -0.59%
ROTTERDAM COAL MONTHLY	122.30	122.30 122.30	0.30 0.25%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	82.34	82.99 80.71	1.09 1.34%
SUGAR #11 WORLD	16.60	16.85 16.50	-0.22 -1.31%