Pakistan Stock Exchange Sees Gradual Growth in Market Capitalization Over Six Months

Karachi, The Pakistan Stock Exchange (PSX) has shown a steady increase in market capitalization and indices over the last six months, culminating in March 2024. Data for the period from October 2023 to March 2024 reveals consistent growth in key financial metrics including listed capital, market capitalization, and turnover of shares.

Starting in October 2023, the PSX had a listed capital of Rs. 1,653,218.018 million which modestly increased to Rs. 1,673,001.673 million by March 2024. Over the same period, market capitalization significantly rose from Rs. 7,551,772.884 million to Rs. 9,447,694.312 million, indicating an overall positive trend in the value of the listed companies.

Monthly turnover of shares also saw fluctuations with a notable peak in December 2023 at 5,347.305 million shares traded, before stabilizing to 3,080.374 million shares by March 2024. This was reflected in the movements of the PSX indices, with the KSE 100 Index increasing from 51,920.270 in October 2023 to 67,005.110 in March 2024. Similarly, the KSE All Share Index improved from 34,558.220 to 44,562.880 over the same period.

The data presents a robust picture of activity and investor interest at the PSX, with increasing market capitalization and a stable rise in indices suggesting a buoyant economic outlook as perceived by the market participants.