In a remarkable year for the Pakistan Stock Exchange, the KSE-100 Index has soared by an impressive 42.4%, marking a gain of 26,495 points in 2024.
This surge is largely attributed to improved macroeconomic indicators and supportive policies from the International Monetary Fund (IMF). Six major companies—Fauji Fertilizer, United Bank, Engro Fertilizers, Mari Petroleum, Oil & Gas Development Company, and Meezan Bank—have been at the forefront of this rally, contributing nearly half of the index’s gains.
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The investment landscape in Pakistan also witnessed mutual funds injecting $79.4 million, while foreign investors withdrew $11 million, influenced by FTSE’s recent rebalancing.
Key sectors driving this positive performance include Commercial Banks and Fertilizers, whereas Food & Personal Care Products saw declines, signaling selective sectoral growth amid the ongoing economic recovery.
