Photonews Logo Photonews logo
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Azad Jammu Kashmir
    • Balochistan
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
    Gen V Season 2 trailer
    Videos

    Gen V Season 2 Trailer Cast, Plot, Premiere Details

    July 26, 2025 3 Min Read
    IShowSpeed Daniel La Belle race
    Videos

    IShowSpeed Beats Daniel La Belle in 40-Meter Race, Hits 41M Subscribers

    June 24, 2025 2 Min Read
    Cardi B new single Outside
    Videos

    Cardi B’s ‘Outside’ Single Sparks Buzz Over Offset and Stefon Diggs

    June 20, 2025 2 Min Read
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Reading: Pakistan Stock Exchange Tops Global Markets in 2024 Performance
PhotoNews Pakistan PhotoNews Pakistan
Font ResizerAa
Search
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Balochistan
    • Azad Jammu Kashmir
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Have an existing account? Sign In
Follow US
© 2022 Photonews. All Rights Reserved.
Pakistan Stock Exchange bearish
PhotoNews Pakistan > Business > Pakistan Stock Exchange Tops Global Markets in 2024 Performance
Business

Pakistan Stock Exchange Tops Global Markets in 2024 Performance

Web Desk
By Web Desk Published September 22, 2024 3 Min Read
Share
Pakistan Stock Exchange's emblem. Photo: PTV News
SHARE

The Pakistan Stock Exchange (PSX) has earned the title of the world’s best-performing stock market in 2024, thanks to improved macroeconomic conditions.

As reported by Bloomberg, the increase in foreign investment and favourable economic conditions have enhanced investor confidence. The PSX’s KSE-100 Index recently hit a record high, closing at 81,459 points after a 1.1% increase, with a peak of 81,865 points during intraday trading.

The market has seen a 30% growth this year, driven by the highest level of foreign investment in over a decade. Foreign investors purchased $87 million of Pakistani shares in 2024, marking the most substantial foreign investment since 2014.

Bloomberg attributes the PSX’s strong performance to sound economic fundamentals and a rise in foreign participation. Other significant factors contributing to market growth include Pakistan’s improved account balances and the central bank’s decision to lower interest rates. With inflation under control, these rate cuts have further spurred investment.

PSX has been recognised as the world's best performing stock market in 2024, according to a report by Bloomberg.

The PSX's benchmark KSE-100 Index reached an all-time high. According to Bloomberg, the strong performance of the PSX is largely due to improved economic fundamentals… pic.twitter.com/8CLtmHAPXh

— PEconomist (@peconomist_) September 21, 2024

In July, the Financial Times Stock Exchange (FTSE) Russell moved Pakistan from a secondary emerging market to a frontier market, effective September 23. Despite some challenges, this reclassification highlights Pakistan’s increasing attractiveness to global investors, particularly in high-potential sectors like fertilizers and energy.

Vanguard Group Inc., a leading global investment firm, holds $160 million in Pakistani stocks and plans to increase its investment, buoyed by a positive market outlook. Business leader Aqeel Karim Dhedhi remains optimistic about foreign investment prospects, pointing out that Pakistan’s stock market offers value compared to its global counterparts.

Dhedhi also notes that expected US Federal Reserve rate cuts could boost foreign inflows, making Pakistan an appealing choice for investors looking for growth in emerging markets. He cites ongoing structural reforms and an improved business environment as key factors boosting investment appeal.

Despite external debt and fiscal deficits, the outlook for the PSX remains upbeat. Strong performance is likely, supported by rising foreign investment and robust economic fundamentals. The market’s recent surge, with the KSE-100 Index reaching 82,157.31 points, demonstrates solid investor confidence and a favourable economic outlook.

TAGGED:Featured
Share This Article
Facebook Twitter Pinterest Whatsapp Whatsapp LinkedIn Email Copy Link Print
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Advertisement

HBL Saving Made Easy
HBL Saving Made Easy

Recent Posts

PSX KSE-100

PSX KSE-100 Stays Flat at 156,177 Amid Volatile Trading Day

Arshad Nadeem javelin Tokyo World Championships 2025

Arshad Nadeem Reaches Javelin Final at Tokyo World Championships 2025

Imran Khan adiala jail trial

Punjab Cancels Imran Khan’s Jail Trial for May 9 Cases, Moves to ATC

Post Archives

More Popular from Photonews

USA TikTok Deal 2025
Tech

US and China Strike TikTok Deal to Avoid Ban

3 Min Read
State Life Insurance Corporation
Pakistan

Dr. Aftab Alam Removed from SLICP, Dr. Jameel Afaqi Extended at NSPP in 2025

2 Min Read
Auditor General of Pakistan
Pakistan

Auditor General Pakistan Retracts Rs375 Trillion Error in Financial Report

2 Min Read
Business

Pakistan Stock Exchange Dips 880 Points in 2025 Amid Profit-Taking

On September 11, 2025, the Pakistan Stock Exchange (PSX) experienced a significant decline. The PSX KSE-100…

September 12, 2025
Entertainment

Nina Dobrev and Shaun White End Engagement: TikTok Hints Spark Buzz

News broke that the Nina Dobrev Breakup with Shaun White ended their engagement after five years…

September 13, 2025
Top NewsWorld

Who is Utah Student Tyler Robinson Arrested in Charlie Kirk Shooting?

Tyler Robinson, 22, allegedly shot and killed conservative influencer Charlie Kirk at Utah Valley University from…

September 13, 2025
Sindh

Malir River Flooding Shuts Korangi Crossing, Sparks Karachi Traffic Chaos

Flooding in the Malir River has caused the closure of Korangi Crossing and EBM Causeway. This…

September 11, 2025
PhotoNews Pakistan

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

Categories

  • World
  • Pakistan
  • Punjab
  • Sindh
  • Khyber Pakhtunkhwa
  • Balochistan
  • Azad Jammu Kashmir

 

  • Top News
  • Business
  • Entertainment
  • Sports
  • Videos
  • Tech
  • Offbeat
  • Blog

© 2024 Phototnews
All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?