Islamabad, Jan 5: The KSE-100 index has posted an impressive growth of 84% in CY24, adding a substantial 52,676 points. This growth was primarily driven by key sectors, with Banks contributing 13,847 points, Fertilizers adding 11,169 points, and E&P contributing 10,012 points. Together, these sectors accounted for 35,028 points, or 66% of the total increase in the index.
Top Contributors to KSE-100 Growth
- FFC led the charge with 6,086 points.
- MARI followed closely with 3,977 points.
- UBL contributed 3,957 points, while OGDC added 2,613 points.
Despite the solid growth, PSX’s market capitalization has risen by 63%, reaching $52 billion, although it remains below its 2017 peak of $100 billion. This decline is attributed to factors such as rupee devaluation, large dividend payouts, and fewer new listings.
The Market cap to GDP ratio now stands at 12%, up from 9% in 2023, though still below the 10-year average of 16%.
