Pakistan Stock Exchange: KSE 100 Index Today experienced a significant rebound
The Pakistan Stock Market increased by more than 1,100 points during trading, reaching a record high of 109,380 points.
Karachi (Pakistan news – KSE 100 index today)
As of December 20, 2024, the Pakistan Stock Exchange (PSX) experienced a significant rebound following a historic decline.
The benchmark KSE-100 Index gained nearly 3,000 points during the second half of trading, hovering around 109,072.36 points, marking an increase of approximately 2.63%.
This recovery comes after the KSE-100 Index suffered its largest single-day point-wise loss on December 19, 2024, plummeting by over 4,700 points to close at 106,274.97, down 4.32% from the previous close.
Analysts attribute the recent market volatility to several factors, including significant redemptions from local mutual funds, year-end profit-taking by institutions, and concerns over proposed tax amendments targeting non-filers.
Despite the recent downturn, experts suggest that the correction has created attractive entry points for investors, with the KSE-100’s forward price-to-earnings ratio still substantially below the 10-year average, indicating potential for appreciation.
For the most current and detailed information, you may refer to the official PSX market summary.