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Saturday, Feb 15, 2025


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Business News

    Title: PSX surges 3.51% as KSE-100 Index hits 115,258.99 points
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    PSX Surges 351 As KSE100 Index Hits 11525899 Points 60134
    Description: The Pakistan Stock Exchange (PSX) experienced a notable surge with the KSE-100 Index rising by 3.51%, closing at 115,258.99—an increase of 3,907.82 points from the previous day's close. Key highlights for December 28, 2024: High: The KSE-100 Index reached a high of 115,422.34 during the trading session, reflecting robust market activity. Low: The index dropped to 111,916.70 during early trading but recovered sharply to close higher. Volume: The total volume traded reached 520,246,100 shares, indicating active participation by investors. Previous Close: The market had closed at 111,351.17 on the prior trading day. Value: Total trade value amounted to 27,796,349,118, reflecting strong liquidity in the market. The strong performance of the KSE-100 Index in 2024 follows a year of steady growth, with notable momentum building from April 2024 onward. The second half of the year saw the index reaching a high of 117,039.18, before stabilizing near current levels. In 2024, the KSE-100 Index posted an 80% growth, closing at 111,351.17 on December 28, compared to 62,052 at the same time in 2023, marking a significant recovery over the previous year. For the fiscal year 2023-24, the KSE-100 posted a remarkable 89.24% increase, closing at 78,445 points on June 30, 2024, up from 41,453 points in the previous year. This continued positive momentum reinforces the PSX's recovery. The KSE-100 posted a 70% gain in CY24, marking its best performance since 2002 and positioning the PSX as the second-best performing global market, after Argentina, according to the Pakistan Strategy 2025 report. By December 27, 2024, the KSE-100 closed at 111,351.17, near its peak levels, with a 52-week range between 58,758.48 and 117,039.18 points, demonstrating substantial growth. Looking forward, the KSE-100 is forecast to reach 165,215 points by December 2025, reflecting a 55.5% upside potential. This growth outlook highlights the growing global investor interest in the Pakistan Stock Exchange, with the market showing signs of sustained momentum and potential for further gains.
    Published Date: 30-Dec-2024
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