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	177,039.83 457.43M	2.69% 4639.92
ALLSHR	106,439.15 980.52M	2.42% 2511.25
KSE30	52,890.43 243.06M	2.84% 1462.27
KMI30	253,474.66 222.84M	2.73% 6731.57
KMIALLSHR	69,154.67 541.49M	2.45% 1654.73
BKTi	48,191.73 63.48M	2.59% 1217.44
OGTi	35,876.09 14.73M	1.97% 692.56

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	66,975.00	67,360.00 63,430.00	3315.00 5.21%
BRENT CRUDE	83.14	85.93 82.40	-4.19 -4.80%
RICHARDS BAY COAL MONTHLY	123.00	0.00 0.00	3.75 3.14%
ROTTERDAM COAL MONTHLY	125.00	125.00 125.00	-6.00 -4.58%
USD RBD PALM OLEIN	1,157.50	1,157.50 1,157.50	0.00 0.00%
CRUDE OIL - WTI	80.48	82.42 79.70	-4.40 -5.18%
SUGAR #11 WORLD	13.64	13.90 13.61	-0.06 -0.44%