Karachi, November 16, 2024 – Analysts at Arif Habib Limited (AHL) project the KSE-100 Index, Pakistan’s benchmark stock market index, to reach 120,010 points by December 2025, forecasting a 27% return over the next 13 months. The prediction comes as the index continues its remarkable performance, emerging as the world’s best-performing stock market from October 2023 to November 2024.
(more…)Tag: PSX
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Banking Sector Drives KSE-100 to New Peak of 94,764 Points
Karachi, November 15, 2024 – The KSE-100 index of the Pakistan Stock Exchange (PSX) soared to a historic high of 94,764 points on Friday, marking a remarkable milestone in Pakistan’s financial markets. The benchmark KSE-100 index posted a gain of 572 points, advancing from the previous close of 94,192 points and continuing a bullish trajectory that has captured investor attention.
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KSE-100 Index Surges to Record 94,192 Points Amid Rally
Karachi, November 14, 2024 – The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 index reached a historic high of 94,192 points on Thursday, bolstered by sustained investor confidence and strong buying momentum. The index saw a gain of 836 points from the previous day’s close of 93,356 points, reflecting a significant 0.9% increase and marking a new all-time high.
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Pakistan Stocks Gain 131 Points Amid Mutual Fund Buying
Karachi, November 13, 2024 – Pakistan stocks rallied on Wednesday, gaining 131 points as buying from local mutual funds bolstered market performance. The KSE-100 index of the Pakistan Stock Exchange (PSX) closed at 93,355 points, up from the previous day’s close of 93,224 points, marking a gain of 0.14%, according to analysts.
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Pakistan Stocks Slide by 424 Points Amid Profit-Taking
Karachi, November 12, 2024 – Pakistan stocks experienced a notable decline on Tuesday, with the benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) dropping by 424 points. The index closed at 93,224 points, down from the previous day’s close of 93,648 points, as investors engaged in significant profit-taking after recent market gains.
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KSE-100 Index Fails to Sustain 94K Level, Closes at Record High
Karachi, November 11, 2024 – The KSE-100 index, Pakistan Stock Exchange’s (PSX) benchmark, reached an all-time high of 94,020 points on Monday before slipping slightly to close at a record 93,648 points. The KSE-100 index gained 356 points from last Friday’s close of 93,292 points, marking a 0.38% increase and maintaining its upward trajectory.
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Pakistan Stocks Likely to Continue Rally Next Week – Nov 11
Karachi, November 9, 2024 – Pakistan stocks are expected to maintain their record-breaking rally next week, with analysts forecasting continued positive momentum. The main driver of this optimism is the attractive valuations of certain scrips, which are likely to keep drawing investor interest in the coming week.
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KSE-100 Index Hits Record High of 93,292 Points in Ongoing Rally
Karachi, November 8, 2024 – The Pakistan Stock Exchange (PSX) continued its bullish streak on Friday, with the KSE-100 Index reaching an unprecedented peak of 93,292 points. This fresh high reflects an impressive rally as investor optimism mounts, fueled by macroeconomic stability and enhanced investor confidence in equity markets.
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KSE-100 Index Hits New Record High of 92,520 Points
Karachi, November 7, 2024 – The KSE-100 index of the Pakistan Stock Exchange (PSX) surged to a new all-time high of 92,520 points on Thursday, reflecting bullish market sentiment and robust investor confidence.
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Pakistan Becomes Second Most Liquid Market in MSCI Frontier Markets
Karachi, November 7, 2024 – In a strong show of performance, Pakistan’s stock market has risen to prominence as the second most liquid market in the MSCI Frontier Markets (FM) index. This achievement underscores Pakistan’s appeal within the global investment landscape, as the market outperformed the MSCI FM index by an impressive 43.4% in year-to-date 2024, according to Arif Habib Limited’s latest analysis.
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