PSX skyrockets 53% in 2023, outshines other assets

News Image

MG News | December 26, 2023 at 09:39 AM GMT+05:00

0:00

 December 26, 2023 (MLN): After a period of relative stagnation, the Pakistan Stock Exchange (PSX) experienced a meteoric rise in 2023 within the investment landscape, marking a gain of 53% from January 01, 2023, till Dec 22, 2023. 

This gain is inclusive of dividends received during this period, a report by Topline Securities noted.

Another favourite investment for local Pakistanis has been the US Dollar in the last few years. In 2023 it provided a return of 25% gaining from Rs226 to Rs283 in the interbank market and 21% from Rs236 to Rs285 in the open market.

If this amount is invested in a 1-year term deposit at the beginning of the year the gain would have increased to 29% at the interbank dollar and 25% at the open market, assuming a return of 4% on USD deposits, it noted. 

Similarly, the holder of Naya Pakistan US$ Certificate under Roshan Digital Account (RDA) also made 33% in PKR terms due to falling PKR value.

Gold that provided an above-average return in the last few years to local investors posted decent gains. In 2023 it gained from Rs157,836/10 grams to Rs186,900/10 grams providing a profit of 18%.

In the international market, it also increased from US$1,826/ounce on December 30, 2022, to $2,065/ounce on Dec 22, 2023.

Another widely discussed investment avenue has been Government T-Bills. Amid tightening monetary policy, the government has to raise interest rate rates to record highs. As a result, investors in T-Bill made a 23% gain in 2023.

The report assumed investment in 3-month T-Bills which were actively traded being reinvested every 3 months.

Many investors moved to fixed-income low-risk avenues in 2023 due to high rates.

Within the fixed-income market, the average bank saving rate remained at 17% in 2023 while the National Savings 3-year Special Saving Certificate (SSC) provided a gain of 13%.

Local AMCs' money market funds generated an average return of 20% in 2023. Though many investors remained out of the property market, as per Zameen.com, real estate (Houses, Residential and Commercial Plots) in Karachi went up 6-29% in 2023.

Pakistan Asset Returns in 2023 (explanation)
Category Explanation
KSE-100 Total Return with Dividend
Naya Pakistan US$ Certificate Including 6.5% Return
Commercial Plots Price Index- Karachi (Source: Zameen.com)
US$ Interbank Market Rate
T-Bill Reinvest after 3 Months
Gold (Source: Karachi Saraf)
House Price Index – Karachi (Source: Zameen.com)
Bank Saving Deposit Avg Bank Rate from SBP
PIBs (3-Year Bond) With Coupon
Special Saving Certificate (SSC) First-year return
Naya Pakistan PKR Certificate Investment at the beginning of 2023
Residential Plots Price Index Karachi (Source: Zameen.com)

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 170,506.31
634.15M
-0.36%
-609.51
ALLSHR 102,597.99
1,100.83M
-0.03%
-32.82
KSE30 51,021.03
79.10M
-0.89%
-457.52
KMI30 244,736.28
154.00M
-0.41%
-995.51
KMIALLSHR 66,770.85
754.12M
0.18%
120.54
BKTi 46,874.09
27.88M
-0.86%
-405.50
OGTi 35,621.25
6.98M
-0.23%
-83.69
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 81,160.00 82,725.00
80,640.00
775.00
0.96%
BRENT CRUDE 104.00 105.99
103.22
2.71
2.68%
RICHARDS BAY COAL MONTHLY 110.00 0.00
0.00
-5.00
-4.35%
ROTTERDAM COAL MONTHLY 108.15 108.20
108.15
1.05
0.98%
USD RBD PALM OLEIN 1,191.50 1,191.50
1,191.50
0.00
0.00%
CRUDE OIL - WTI 98.01 100.37
96.92
2.59
2.71%
SUGAR #11 WORLD 14.74 14.85
14.60
0.05
0.34%

Chart of the Day


Latest News
May 11, 2026 at 04:02 PM GMT+05:00

PSX Closing Bell: On the Back Foot


May 11, 2026 at 03:53 PM GMT+05:00

PKR appreciates slightly against USD


May 11, 2026 at 03:22 PM GMT+05:00

Gold price in Pakistan falls Rs5,300 per tola


May 11, 2026 at 02:48 PM GMT+05:00

Govt eyes technology driven tax system



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg