Here's an overview of the current market landscape as of December 24, 2024:
Pakistan Stock Market
The Pakistan Stock Exchange (PSX) has demonstrated robust performance throughout 2024. The KSE 100 Index, a key benchmark, has surged by approximately 82.42% since the beginning of the year, reaching an all-time high of 117,039.18 points in December.
As of the latest trading session, the KSE 100 Index closed at 113,924.41 points, marking an increase of 4,411.27 points (4.03%) from the previous close. The session recorded a high of 114,189.71 points and a low of 110,891.35 points, with a trading volume of approximately 424.8 million shares.
Global Stock Markets
In the United States, major indices have shown positive trends:
Dow Jones Industrial Average (DJIA): Closed at 42,906.95 points, up by 66.69 points (0.16%) from the previous close.
NASDAQ 100: Ended at 21,503.17 points, an increase of 214.02 points (1.01%).
S&P 500: Closed at 5,974.07 points.
These gains are largely attributed to the strong performance of technology and communication stocks, with companies like Nvidia and Broadcom contributing significantly.
Commodities
Gold: The SPDR Gold Shares ETF (GLD) is
Oil: The United States Oil Fund (USO) stands at $73.06, down by $0.07 (-0.10%).
Cryptocurrency
Bitcoin has experienced a decline, closing below $94,000 for the first time since November. This downturn has impacted Bitcoin-related stocks, such as Coinbase and MicroStrategy, which have also seen significant drops.
Investor Sentiment
Despite the positive movements in the stock markets, consumer confidence has shown signs of weakening. The Conference Board reported a decline in consumer confidence, reflecting concerns over inflation and the Federal Reserve's cautious approach to future interest rate cuts.
Please note that financial markets are subject to rapid changes. For the most current information, it's advisable to consult real-time financial news sources or market data platforms.$BTC
