Stock Market Leads the Way in 2024
The KSE 100 Index has been a top performer this year, achieving a 75% gain from January 1 to December 20, 2024. This impressive return includes dividends received during the year, with six trading days still left.
Gold Shines Bright in Local and International Markets
Gold has seen a significant increase, climbing from Rs. 189,386 to Rs. 234,311 per 10 grams, offering a 24% return. Internationally, gold prices rose from $2,092 per ounce at the end of 2023 to $2,617 per ounce by December 20, 2024.
Also Check, Current Real Estate Market in Pakistan After general Elections 2024
US Dollar Sees a Small Decline
The US Dollar, a favorite in previous years, showed a 1% drop in value this year, moving from Rs. 282 to Rs. 278 in the interbank market. In contrast, it had delivered gains of 24% in 2023 and 28% in 2022. Investors who chose one-year term deposits in dollars earned between 1-4%, depending on the interest rates offered.
Fixed-Income Investments Gain Traction
High interest rates made fixed-income options popular among investors. Bank savings accounts provided an average return of 18%, while the National Savings 3-Year Special Saving Certificate offered 17%. Local money market funds delivered an average return of 19%.
Roshan Digital Accounts Give Competitive Returns
Investors holding the Naya Pakistan PKR Certificate through Roshan Digital Accounts earned a return of 22% in PKR terms, making it a competitive choice for many.
Also Read: New Loan Scheme Offers Financial Relief to Govt Officers
Government Securities Attract Interest
Government-issued PIBs and T-Bills saw strong participation. PIB investors gained 27%, while T-Bill investors earned 21%, assuming reinvestment every three months.
Mixed Trends in the Property Market
The property sector showed varied results. In Lahore, commercial and residential plot prices dropped by 11%, while house prices increased by 14%. Karachi experienced a 10% decline in commercial plot prices, but residential plots and houses gained between 5-7%.
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