Where should Pakistanis place their money?

Representations of cryptocurrencies are seen in this illustration, August 10, 2022. — Reuters
Representations of cryptocurrencies are seen in this illustration, August 10, 2022. — Reuters
  • Gold climbs 19.2% after Rs52,600 gain in 2024.
  • PSX’s KSE-100 up 84% in 2024, continues rally.
  • Crypto remains high-risk, suited for younger investors.

KARACHI: Pakistan’s financial markets have seen a sustained bullish trend in recent months. 

The benchmark KSE-100 Index of the Pakistan Stock Exchange (PSX) surged by 84% in 2024, ending the year at 115,127 points, and has since climbed another 2.3% to reach 117,806.75, according to The News.

Gold also delivered strong returns, closing 2024 at Rs272,600 — a gain of Rs52,600 — and has since soared by 19.2% to Rs325,000.

Amid this performance by traditional…

Source link