On the final trading day of 2024, Pakistan’s stock market displayed a mixed trend, closing in the negative zone after a day of high volatility.
Despite this, the market achieved a historic milestone this year, delivering an unprecedented 84% return, marking the highest annual performance in 77 years.
During the session, the market witnessed significant fluctuations, with the benchmark KSE-100 Index gaining 1,441 points at its peak before shedding 454 points. The index ultimately closed 132 points lower at 115,127 points.
The trading volume surged on the day, with 44 billion shares exchanged, amounting to a total value of Rs. 17 billion. This uptick in activity hints at a positive outlook for 2025, according to Ahmed Chinoy, Director of the Pakistan Stock Exchange (PSX).
“The increased trading volume indicates that new year purchases have already begun,” Chinoy remarked, expressing optimism about the upcoming year.
