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	168,865.04 261.33M	-1.79% -3078.56
ALLSHR	102,295.04 623.57M	-1.94% -2026.36
KSE30	50,247.11 77.48M	-1.81% -925.02
KMI30	239,393.54 89.44M	-2.13% -5220.44
KMIALLSHR	66,134.61 401.13M	-2.11% -1423.05
BKTi	47,147.62 27.12M	-1.68% -806.08
OGTi	34,242.17 7.09M	-2.08% -726.14

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	76,820.00	77,445.00 76,555.00	-440.00 -0.57%
BRENT CRUDE	107.59	109.97 107.21	-0.04 -0.04%
RICHARDS BAY COAL MONTHLY	130.00	0.00 0.00	2.10 1.64%
ROTTERDAM COAL MONTHLY	140.00	0.00 0.00	0.15 0.11%
USD RBD PALM OLEIN	1,228.00	1,228.00 1,228.00	0.00 0.00%
CRUDE OIL - WTI	102.39	104.46 102.16	-0.09 -0.09%
SUGAR #11 WORLD	18.76	18.88 18.24	0.36 1.96%