The KSE-100 index has shown impressive growth of 84% in CY24, adding 52,676 points. The main drivers of this growth are the Banking sector, which contributed 13,847 points, Fertilizers with 11,169 points, and the Exploration & Production (E&P) sector, which added 10,012 points. These three sectors alone contributed 66% of the total increase in the index.
Several individual companies have also played a significant role in boosting the index. Among them are FFC, which added 6,086 points, MARI with 3,977 points, and UBL, contributing 3,957 points. These companies have had a major impact on the overall performance of the market.
Furthermore, the Pakistan Stock Exchange (PSX) has seen a 63% increase in market capitalization, which now stands at $52 billion.
However, this is still below the peak level of $100 billion recorded in 2017. Despite the growth, the market cap to GDP ratio has reached 12% in 2024, up from 9% in 2023.
However, it is still lower than the 10-year average of 16%, indicating that there is still room for improvement in the market’s performance relative to the overall economy.
The strong performance of the KSE-100 index and the growing market capitalization reflect positive trends in Pakistan’s financial market, though there is still a gap to reach previous levels of market value. Investors are hopeful for further growth in the coming years.
