Thursday 28 March 2024

Historic High is still very low

As we celebrate the KSE100 Index reaching another historic high and crossing 67K, closing at 67,142, it is worth remembering that the market capitalization of the

hashtagPakistan Stock Exchange (hashtagPSX) is now around USD 34 billion.

In the middle of 2017, the market capitalization of hashtagPSX was around USD 95 billion when the hashtagKSE100 Index crossed above 50K (the hashtagKSE100 Index closed at 52,869 on May 25, 2017).

Imagine the level we have to rise to match our previous historic high, now buried in history.

In the meantime, let us just celebrate this historic achievement.