Pakistan’s stock market closed on a negative note on the final trading day of 2024, following a day of high volatility. Despite the dip, the market achieved a historic milestone this year, recording an impressive 84% return, the highest annual performance in 77 years.
The session saw significant fluctuations, with the KSE-100 Index reaching a high of 1,441 points before dropping 454 points. Ultimately, the index closed 132 points lower at 115,127 points. The trading volume surged, with 44 billion shares traded, totaling Rs. 17 billion.
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The increased trading activity suggests a positive outlook for the coming year. Ahmed Chinoy, Director of the Pakistan Stock Exchange, noted that the uptick in volume signals that “new year purchases have already begun,” offering optimism for the stock market’s performance in 2025.
