PSX may extend rally after elections, history shows
Abdur Rahman | February 04, 2024 at 10:44 PM GMT+05:00
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 | 165,867.32 169.46M | -1.36% -2288.17 |
| ALLSHR | 100,415.12 438.71M | -1.38% -1406.14 |
| KSE30 | 49,518.48 70.83M | -1.26% -633.13 |
| KMI30 | 237,511.29 57.18M | -1.32% -3182.77 |
| KMIALLSHR | 65,024.26 234.09M | -1.34% -881.93 |
| BKTi | 46,185.33 13.67M | -1.31% -610.99 |
| OGTi | 33,929.39 5.68M | -1.26% -432.75 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 86,220.00 | 86,290.00 85,965.00 | 215.00 0.25% |
| BRENT CRUDE | 100.22 | 103.40 99.76 | -2.03 -1.99% |
| RICHARDS BAY COAL MONTHLY | 128.50 | 0.00 0.00 | 1.00 0.78% |
| ROTTERDAM COAL MONTHLY | 144.10 | 144.30 143.50 | 0.95 0.66% |
| USD RBD PALM OLEIN | 1,167.50 | 1,167.50 1,167.50 | 0.00 0.00% |
| CRUDE OIL - WTI | 89.24 | 89.36 89.20 | -0.19 -0.21% |
| SUGAR #11 WORLD | 20.78 | 20.81 19.85 | 0.85 4.26% |
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