On the last trading day of 2024, the Pakistan stock market showed a mixed trend and closed in the negative zone after a day of high volatility.
Despite this, the market reached a historic milestone this year, delivering an unprecedented 84% return, the highest annual performance in 77 years.
The market witnessed significant swings during the session, with the benchmark KSE-100 Index gaining 1,441 points at its peak before falling 454 points. The index finally closed 132 points lower at 115,127 points.
Trading volume surged on the day with 44 billion shares exchanged, worth a total of Rs. 17 billion. According to Ahmed Chinoy, director of the Pakistan Stock Exchange (PSX), this increase in activity indicates a positive outlook for 2025.
“The increased trading volume indicates that New Year’s shopping has already started,” Chinoy noted, expressing optimism about the coming year.
