A Once-in-a-Lifetime Bull Run at the Pakistan Stock Market in 2024

ISLAMABAD:The Pakistan Stock Exchange (PSX) has experienced a remarkable comeback in 2024, following years of lacklustre performance. Stocks surged by 84%, making it the second-best performing market globally.

Over the last 18 months, the PSX has been the top-performing market in the world with a 178% gain, according to Bloomberg data. This represents the strongest performance in Pakistan’s 77-year history over such a short period.Finance Minister describes Islamic finance, Islamic capital markets as road to market

Despite this record-breaking rally, Pakistan stocks are still trading at an average forward P/E ratio of 6.3x, signalling significant potential for further growth.

After such a phenomenal year, here’s to wishing everyone a prosperous New Year ahead!