Runup to budget FY25 may fuel KSE-100 rally

News Image

Abdur Rahman | April 21, 2024 at 05:01 PM GMT+05:00

0:00

April 21, 2024 (MLN): The record-breaking stock market's benchmark KSE-100 Index may continue its leg higher leading up to the Budget FY25, history shows.

The index has yielded an average gain of 1.8% for investors who bought shares a month prior to the announcement of Federal budget.

Moreover, investors who bought shares two months prior saw an average return of 3.3%, while those who invested three months prior experienced a 5.8% return, data from the past 15 budgets compiled by Mettis Global show.

Before Budget KSE-100 Performance
Budget Year Before 1 Month

Before 2 Months

Before 3 Months
FY10 -1.2% -9.9% 22.8%
FY11 -8.7% -7.5% 0.1%
FY12 4.8% 3.1% 2.0%
FY13 -1.9% 1.6% 6.0%
FY14 10.3% 19.3% 25.8%
FY15 2.0% 3.9% 11.2%
FY16 0.5% 7.1% 2.3%
FY17 5.4% 10.1% 14.7%
FY18 5.6% 8.1% 7.4%
FY19 0.8% 6.1% 2.2%
FY20 -0.2% -7.2% -11.0%
FY21 2.7% 11.5% -4.0%
FY22 6.9% 7.4% 10.3%
FY23 -2.0% -9.0% -3.8%
FY24 2.0% 5.2% 0.3%
Average Return 1.8% 3.3% 5.8%
 

Meanwhile, post-budget, the KSE-100 index has displayed a mixed trend.

The local bourse recorded a meager 0.3%, 2.5%, and 1.7% average return over the next one, two, and three months respectively, after the budget announcement.

After Budget KSE-100 Performance
Budget Year After 1 Month

After 2 Months

After 3 Months
FY10 8.9% 14.2% 28.3%
FY11 0.0% 7.8% 0.7%
FY12 2.0% -0.1% -9.5%
FY13 -0.5% 5.0% 9.9%
FY14 3.2% 4.1% 3.0%
FY15 0.7% 2.7% -3.4%
FY16 4.2% 5.6% 1.1%
FY17 1.5% 6.9% 6.8%
FY18 -12.0% -12.8% -19.7%
FY19 -7.6% -9.4% -7.6%
FY20 -2.3% -15.1% -12.1%
FY21 4.6% 17.2% 23.2%
FY22 -1.5% -2.4% -3.5%
FY23 -1.6% 0.2% -0.5%
FY24 5.5% 13.2% 9.2%
Average Return 0.3% 2.5% 1.7%
 

This gain would be on top of a 29,457 points or 71.1% surge in the current fiscal year, since the International Monetary Fund (IMF)'s bailout program.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 156,690.00
300.16M
0.33%
509.06
ALLSHR 95,971.43
1,206.33M
0.29%
280.61
KSE30 47,844.40
181.33M
0.27%
130.01
KMI30 231,021.17
146.10M
0.57%
1299.08
KMIALLSHR 64,664.36
493.31M
0.38%
244.28
BKTi 42,017.66
87.64M
0.11%
48.14
OGTi 31,907.63
12.45M
-0.26%
-84.13
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 117,110.00 117,685.00
116,465.00
20.00
0.02%
BRENT CRUDE 68.04 68.59
67.92
-0.43
-0.63%
RICHARDS BAY COAL MONTHLY 84.00 0.00
0.00
-0.40
-0.47%
ROTTERDAM COAL MONTHLY 93.35 0.00
0.00
0.00
0.00%
USD RBD PALM OLEIN 1,106.50 1,106.50
1,106.50
0.00
0.00%
CRUDE OIL - WTI 64.13 64.67
63.98
-0.39
-0.60%
SUGAR #11 WORLD 16.45 16.59
16.39
-0.11
-0.66%

Chart of the Day


Latest News
September 17, 2025 at 12:07 PM GMT+05:00

PM begins state visit to Saudi Arabia


September 17, 2025 at 11:20 AM GMT+05:00

PACRA maintains Nimir Chemicals' ratings


September 17, 2025 at 10:36 AM GMT+05:00

TOMCL secures $7.5m export orders for China



Top 5 things to watch in this week

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