Pakistan’s Stock Market Is Up Over 47% in 2025

The Numbers That Demand Attention

Let’s start with the hard data.

• FY24 (ended June 2024): KSE-100 closed at a record 78,000 points, delivering 89% YoY returns in PKR terms (a 21-year high) and an astonishing 94% in dollar terms — crowning Pakistan the world’s best-performing market that year.
• Market capitalization hit an all-time closing high of PKR 10.4 trillion.
• The Pakistani rupee appreciated by PKR 7.6, closing FY24 at 278.34 (+3% vs USD).
• Foreign portfolio inflow (FIPI) reached USD 139 million — the highest since FY14.
• IPO activity surged to five listings, up from just one the prior year.

By mid-2024, Pakistan was leading Asian equity markets:

• Pakistan: +27% (until June)
• Sri Lanka: +22%
• Taiwan: +20%
• India: +8%

And the momentum hasn’t stopped. The KSE-100’s climb to 172,000+ in December 2025 represents one of the strongest sustained rallies in the exchange’s history.