KSE-100 index may hit 60,000 by 2021- JS Global Capital

Investors in the Pakistan Stock Exchange who have remained invested and not engaged in panic selling during slumps have earned significant returns over the past two decades.

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  • The JS Global Capital has appreciated Pakistan’s Market Strategy in its recently released report.
  • The quintessential behavior of Pakistan’s equity market has time and again exceeded wildest expectations- JC Global
  • On Friday, December 27, 2019, the KSE-100 index closed at 40,848.53 points.

JS

The JS Global Capital, a leading investment bank, has appreciated Pakistan’s Market Strategy in its recently released report.

According to the report, “The quintessential behavior of Pakistan’s equity market has time and again exceeded the wildest expectations of those who have dared to dream!”

The report has claimed the PSX-100 index could hit 60,000 by 2021.

Pakistan’s market capitalization

The report further added, “With regards to valuations, Pakistan’s market capitalization to GDP and free float to M2 ratios are both well below their 10-year averages. A simple mean reversion would land the benchmark index at 50,000! Coincidentally, real returns that the index would provide at this level match the 20-year-averages.”

On Friday, December 27, 2019, the KSE-100 index closed at 40,848.53 points. If the KSE-100 index increases up to 50,000 by the end of 2020, the investors would get a return of 22.4% for one year.

PSX-100 index could hit 60,000

If the KSE-100 index increases up to 60,000 by the end of the year 2021, in that case, the investors, who remain invested in the stock market for the next two years would earn an average investment of approximately 21.2% per year.

Investors in the Pakistan Stock Exchange who remained invested and did not engage in panic selling during slumps, have earned significant returns over the past two decades.


Also See:

”Pakistan Stocks Outperform The World’s Leading Stock Markets During The Last Three Months” – Bloomberg

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