In the year 2023, the Pakistan Stock Exchange (PSX) witnessed a remarkable surge, reaching unprecedented heights as the 100-index set numerous new records, culminating in the country’s highest-ever market level.
The PSX’s 100-index marked a historic moment by surpassing the 67,000-point milestone for the first time, reflecting the buoyant market sentiment throughout the year. This significant achievement underscored the resilience and positive trajectory of Pakistan’s stock market.
Over the course of 2023, the 100-index at the PSX experienced a substantial growth of 54.50%, accumulating an impressive 22,031 points within the span of a year. This robust performance showcased investor confidence, contributing to the market’s overall stability and expansion.
Throughout 2023, the 100-index fluctuated within a band of 28,958 points to 38,135 points, demonstrating resilience amid market dynamics. The lowest level the index touched during the year was 38,135 points, while its pinnacle reached an astounding 67,093 points. This volatility, within a strategic band, indicated the market’s adaptability to economic shifts and external influences.
The PSX also witnessed a substantial turnover of shares during the year, with transactions involving 79 billion and 48 crore shares in the span of a single year. This heightened activity reflected increased participation and engagement in the stock market, contributing to its vibrancy.
Moreover, the last business day of the year 2023 saw an additional 398 points added to the 100-index, bringing the year’s closing figure to 62,451 points. This positive momentum on the final trading day reaffirmed the enduring strength of Pakistan’s stock market, setting a positive tone for the upcoming fiscal year.
In terms of business volume, the PSX concluded 2023 with a trade value of 2,472 billion Pakistani rupees, further indicating the substantial economic activity within the stock market. Additionally, the market’s capitalization witnessed an impressive growth, reaching 9,062 billion rupees by the end of the year.
The remarkable performance of the Pakistan Stock Exchange in 2023 not only signifies a strong economic rebound but also underscores the growing confidence of investors in the country’s financial markets. As Pakistan continues to navigate economic challenges, the robustness displayed by the stock exchange serves as a testament to its resilience and potential for sustained growth in the future.
