The benchmark KSE-100 index has posted a solid growth of 84 percent, adding 52,676 points during CY24.
According to Topline Securities, the main sectors driving this growth were Banks, contributing 13,847 points, followed by Fertilizers with 11,169 points, and E&P chipping in 10,012 points.
These sectors have contributed 35,028 points to the index making 66 percent total contribution.
In terms of individual companies, FFC contributed the most with 6,086 points, MARI has added 3,977 points, UBL has added 3,957 points, and OGDC accounted for 2,613 points.
PSX’s market capitalization also increased by 63 percent to $52 billion but is still below its 2017 peak of $100 billion. The decline is due to rupee devaluation, large dividend payouts, and fewer new listings.
Similarly, the Market cap to GDP of Pakistan now stands at 12 percent compared to 9 percent in 2023, however, it is still lower than the last 10-year average of 16 percent.
