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== History == |
== History == |
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Founded on October 11, 1993, Karachi Stock Exchange '''(KSE)''' is the biggest and most liquid exchange in Pakistan. It was declared the “Best Performing Stock Market of the World for the year 2002”, the position again re-affirmed<ref>{{cite web|author=Shoaib-ur-Rehman Siddiqi |url= http://www.brecorder.com/top-news/1-front-top-news/221085-kse-one-of-best-performing-stock-exchanges-in-world-pm.html|title=KSE one of best performing stock exchanges in world: PM |publisher=Business Recorder |date= Jan 30, 2015|accessdate=March 1, 2015}}</ref> by the [[Prime Minister of Pakistan]] in January 2015. However, according to analysis by Bloomberg, Pakistan ranked third in 2014 amongst the Top Ten Best Performing Markets in the world.<ref>{{cite web|author=Agencies|url= http://www.pakistantoday.com.pk/2015/01/01/business/pakistan-ranked-third-amongst-top-10-best-performing-markets-in-2014-bloomberg/ |title= Pakistan ranked third amongst top 10 best performing markets in 2014: Bloomberg |publisher=Pakistan Today|date=Jan 1, 2015| accessdate= March 1, 2015}}</ref> A total of 654 companies were listed on December 8, 2009 with a market capitalization of Rs. 8.561 trillion (US$120.5 billion) having listed capital of Rs. 2805.873 billion (US$40.615 billion). The KSE-100 Index closed at 11,967 on May 16, 2011. Total market capitalization of the KSE reached Rs 2.95 trillion (US$35 billion approximately) on July 30, 2011. As on July 10, 2015, total market capitalization reached Rs. 7.33 trillion (US$ 72 billion approximately). |
Founded on October 11, 1993, Karachi Stock Exchange '''(KSE)''' is the biggest and most liquid exchange in Pakistan. It was declared the “Best Performing Stock Market of the World for the year 2002”, the position again re-affirmed<ref>{{cite web|author=Shoaib-ur-Rehman Siddiqi |url= http://www.brecorder.com/top-news/1-front-top-news/221085-kse-one-of-best-performing-stock-exchanges-in-world-pm.html|title=KSE one of best performing stock exchanges in world: PM |publisher=Business Recorder |date= Jan 30, 2015|accessdate=March 1, 2015}}</ref> by the [[Prime Minister of Pakistan]] in January 2015. However, according to analysis by Bloomberg, Pakistan ranked third in 2014 amongst the Top Ten Best Performing Markets in the world.<ref>{{cite web|author=Agencies|url= http://www.pakistantoday.com.pk/2015/01/01/business/pakistan-ranked-third-amongst-top-10-best-performing-markets-in-2014-bloomberg/ |title= Pakistan ranked third amongst top 10 best performing markets in 2014: Bloomberg |publisher=Pakistan Today|date=Jan 1, 2015| accessdate= March 1, 2015}}</ref> A total of 654 companies were listed on December 8, 2009 with a market capitalization of Rs. 8.561 trillion (US$120.5 billion) having listed capital of Rs. 2805.873 billion (US$40.615 billion). The KSE-100 Index closed at 11,967 on May 16, 2011. Total market capitalization of the KSE reached Rs 2.95 trillion (US$35 billion approximately) on July 30, 2011. As on July 10, 2015, total market capitalization reached Rs. 7.33 trillion (US$ 72 billion approximately). |
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<td class="defaultText" valign="top" width="589"> |
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<table border="0" cellpadding="0" cellspacing="0" width="100%"> |
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<tr> |
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'''<br>5 Years Progress Report<br>''' |
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</tr> |
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</table> |
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<small>In million except companies, index and bonds data</small> |
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<table class="tabularData" border="1" cellpadding="0" cellspacing="1" width="160%"> |
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<tr> |
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<td colspan="6" class="tableHead" height="25">5 YEARS PROGRESS <strong>2011-2015<strong></td> |
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</tr> |
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<tr> |
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<td class="tableSubHead"> </td> |
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<td class="tableSubHead"><div align="center">Upto<br> |
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30-12-2011</div></td> |
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<td class="tableSubHead"><div align="center">Upto<br> |
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31-12-2012</div></td> |
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<td class="tableSubHead"><div align="center">Upto<br> |
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31-12-2013</div></td> |
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<td class="tableSubHead"><div align="center">Upto<br> |
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31-12-2014</div></td> |
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<td class="tableSubHead"><div align="center">Upto<br> |
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13-08-2015</div></td> |
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</tr> |
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<tr> |
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<td width="208"><div align="left">Total No. of Listed Companies</div></td> |
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<td width="78"><div align="right">638</div></td> |
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<td width="97"><div align="right">573</div></td> |
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<td width="97"><div align="right">560</div></td> |
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<td width="91"><div align="right">557</div></td> |
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<td width="91"><div align="right">559 </div></td> |
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</tr> |
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<tr> |
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<td width="208"><div align="left">Total Listed Capital - Rs.</div></td> |
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<td width="78"><div align="right">1,048,443.87</div></td> |
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<td width="97"><div align="right">1,094,367.40</div></td> |
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<td width="97"><div align="right">1,129,787.32</div></td> |
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<td width="91"><div align="right">1,168,484.88</div></td> |
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<td width="91"><div align="right">1,255,922.64</div></td> |
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</tr> |
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<tr> |
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<td height="13" width="208"><div align="left">Total Market Capitalisation - Rs.</div></td> |
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<td width="78"><div align="right">2,945,784.51</div></td> |
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<td width="97"><div align="right">4,242,278.04</div></td> |
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<td width="97"><div align="right">6,056,506.03</div></td> |
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<td width="91"><div align="right">7,380,531.74</div></td> |
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<td width="91"><div align="right">7,760,717.92</div></td> |
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</tr> |
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<tr> |
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<td height="7" width="208">KSE-100™ Index</td> |
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<td width="78"><div align="right">11347.66</div></td> |
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<td width="97"><div align="right">16905.33</div></td> |
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<td width="97"><div align="right">25261.14</div></td> |
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<td width="91"><div align="right">32131.28</div></td> |
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<td width="91"><div align="right">35937.33</div></td> |
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</tr> |
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<tr> |
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<td height="7">KSE-30™ Index</td> |
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<td width="78"><div align="right">10179.03</div></td> |
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<td width="97"><div align="right">13764.00</div></td> |
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<td width="97"><div align="right">18808.86</div></td> |
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<td width="91"><div align="right">20771.55</div></td> |
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<td width="91"><div align="right">22111.72</div></td> |
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</tr> |
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<tr> |
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<td height="7">KMI-30 Index</td> |
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<td><div align="right">20137.71</div></td> |
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<td><div align="right">29125.55</div></td> |
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<td><div align="right">42431.05</div></td> |
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<td width="91"><div align="right">50735.12</div></td> |
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<td width="91"><div align="right">59729.03</div></td> |
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</tr> |
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<tr> |
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<td width="208">KSE All Share Index</td> |
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<td width="78"><div align="right">7856.82</div></td> |
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<td width="97"><div align="right">11964.24</div></td> |
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<td width="97"><div align="right">18664.04</div></td> |
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<td width="91"><div align="right">23397.91</div></td> |
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<td width="91"><div align="right">25082.03</div></td> |
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</tr> |
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<tr> |
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<td width="208"><div align="left">New Companies Listed during the year</div></td> |
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<td width="78"><div align="right">4</div></td> |
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<td width="97"><div align="right">4</div></td> |
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<td width="97"><div align="right">3</div></td> |
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<td width="91"><div align="right">6</div></td> |
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<td width="91"><div align="right">6 </div></td> |
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</tr> |
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<tr> |
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<td width="208"><div align="left">Listed Capital of New Companies - Rs.</div></td> |
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<td width="78"><div align="right">16,010.82</div></td> |
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<td width="97"><div align="right">8,161.03</div></td> |
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<td width="97"><div align="right">4,545.07</div></td> |
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<td width="91"><div align="right">26,973.47</div></td> |
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<td width="91"><div align="right">26,056.07 </div></td> |
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</tr> |
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<tr> |
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<td width="208"><div align="left">New Debt Instruments Listed during the year</div></td> |
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<td width="78"><div align="right">6</div></td> |
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<td width="97"><div align="right">5</div></td> |
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<td width="97"><div align="right">6</div></td> |
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<td width="91"><div align="right">6</div></td> |
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<td width="91"><div align="right">1 </div></td> |
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</tr> |
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<tr> |
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<td width="208"><div align="left">Listed Capital of New Debt Instruments - Rs.</div></td> |
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<td width="78"><div align="right">14,754.80</div></td> |
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<td width="97"><div align="right">5,254.67</div></td> |
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<td width="97"><div align="right">9,779.42</div></td> |
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<td width="91"><div align="right">15,000.00 </div></td> |
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<td width="91"><div align="right">22,000.00 </div></td> |
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</tr> |
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<tr> |
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<td width="208"><div align="left">Average Daily Turnover - Shares in million</div></td> |
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<td width="78"><div align="right">96.91</div></td> |
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<td width="97"><div align="right">196.68</div></td> |
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<td width="97"><div align="right">238.62</div></td> |
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<td width="91"><div align="right">218.67</div></td> |
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<td width="91"><div align="right">300.08 </div></td> |
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</tr> |
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<tr> |
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<td width="208"><div align="left">Average value of daily turnover - Rs.</div></td> |
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<td width="78"><div align="right">3,506.22</div></td> |
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<td width="97"><div align="right">4,675.47</div></td> |
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<td width="97"><div align="right">7,603.54</div></td> |
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<td width="91"><div align="right">9,401.68</div></td> |
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<td width="91"><div align="right">13,050.13 </div></td> |
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</tr> |
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<tr> |
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<td><div align="left">Average Daily Turnover (Future™) YTD </div></td> |
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<td width="78"><div align="right">5.78</div></td> |
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<td width="97"><div align="right">12.94</div></td> |
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<td width="97"><div align="right">22.29</div></td> |
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<td width="91"><div align="right">24.34 </div></td> |
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<td width="91"><div align="right">36.94 </div></td> |
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</tr> |
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<tr> |
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<td><div align="left">Average Value of Daily Turnover - YTD </div></td> |
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<td width="78"><div align="right">611.92</div></td> |
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<td width="97"><div align="right">862.71</div></td> |
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<td width="97"><div align="right">1,868.74</div></td> |
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<td width="91"><div align="right">2,205.34</div></td> |
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<td width="91"><div align="right">3,340.76 </div></td> |
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</tr> |
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</table> |
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<table border="0" cellpadding="3" cellspacing="0" width="100%"> |
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<tr> |
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<td height="20"><strong>YTD = Year to date</strong></td> |
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</tr> |
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<tr> |
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<td><ol type="a"> |
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<li>The KSE 100™ Index was introduced in November, 1991<br> |
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<br> |
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</li> |
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<li>The KSE 30™ Index was introduced in September, 2006.<br> |
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<br> |
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</li> |
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<li>The KMI 30 Index was introduced in September, 2008.<br> |
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<br> |
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</li> |
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<li>The KSE All Share Index was introduced in September, 1995.<br> |
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<br> |
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</li> |
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<li>Listed companies reflected in the relevant year have been stated after 7 companies delisted in 2011, 68 in 2012, 15 in 2013, 8 in 2014 and 1 in 2015 and merger of 3 companies in 2011, 1 in 2012, 1 in 2013, 1 in 2014 and 2 in 2015</li> |
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</ol></td> |
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</tr> |
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</table> |
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</td> |
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== Hours of Operation == |
== Hours of Operation == |
Revision as of 14:40, 17 August 2015
Type | Stock Exchange |
---|---|
Location | Karachi, Pakistan |
Founded | August 14, 1947 |
Owner | Karachi Stock Exchange Limited |
Key people | Nadeem Naqvi, Managing Director |
Currency | Pakistani Rupee |
No. of listings | 559 - as on (August 13, 2015) |
Market cap | Rs 7,625.837 billion or US$ 75.1 billion - (09 Mar 2015)[1] |
Volume | US$ 12 billion |
Indices | KSE 100 Index KSE-30 Index KSE-All Shares Index KMI 30 Index |
Website | www.kse.com.pk |
The Karachi Stock Exchange (KSE), is a stock exchange currently located at the Stock Exchange Building (SEB) on Stock Exchange Road, in the heart of Karachi's Business District, I. I. Chundrigar Road, Karachi, Sindh Province of Pakistan.[2] It is Pakistan's largest and one of the oldest stock exchange in South Asia by market capitalization, with many Pakistani consortium as well as overseas enterprises listings. According to Bloomberg, the Pakistani benchmark stock market index is the third-best performer in the world since 2009.[3] In June 2015, Khaleej Times reported that since 2009, the Pakistani equities delivered 26 percent a year for US dollar investors, making Karachi the best-performing stock exchange in the world.[4][5]
History
Founded on October 11, 1993, Karachi Stock Exchange (KSE) is the biggest and most liquid exchange in Pakistan. It was declared the “Best Performing Stock Market of the World for the year 2002”, the position again re-affirmed[6] by the Prime Minister of Pakistan in January 2015. However, according to analysis by Bloomberg, Pakistan ranked third in 2014 amongst the Top Ten Best Performing Markets in the world.[7] A total of 654 companies were listed on December 8, 2009 with a market capitalization of Rs. 8.561 trillion (US$120.5 billion) having listed capital of Rs. 2805.873 billion (US$40.615 billion). The KSE-100 Index closed at 11,967 on May 16, 2011. Total market capitalization of the KSE reached Rs 2.95 trillion (US$35 billion approximately) on July 30, 2011. As on July 10, 2015, total market capitalization reached Rs. 7.33 trillion (US$ 72 billion approximately).
-----
5 Years Progress Report
In million except companies, index and bonds data
5 YEARS PROGRESS 2011-2015 | |||||
Upto 30-12-2011 |
Upto 31-12-2012 |
Upto 31-12-2013 |
Upto 31-12-2014 |
Upto 13-08-2015 |
|
Total No. of Listed Companies |
638 |
573 |
560 |
557 |
559 |
Total Listed Capital - Rs. |
1,048,443.87 |
1,094,367.40 |
1,129,787.32 |
1,168,484.88 |
1,255,922.64 |
Total Market Capitalisation - Rs. |
2,945,784.51 |
4,242,278.04 |
6,056,506.03 |
7,380,531.74 |
7,760,717.92 |
KSE-100™ Index | 11347.66 |
16905.33 |
25261.14 |
32131.28 |
35937.33 |
KSE-30™ Index | 10179.03 |
13764.00 |
18808.86 |
20771.55 |
22111.72 |
KMI-30 Index | 20137.71 |
29125.55 |
42431.05 |
50735.12 |
59729.03 |
KSE All Share Index | 7856.82 |
11964.24 |
18664.04 |
23397.91 |
25082.03 |
New Companies Listed during the year |
4 |
4 |
3 |
6 |
6 |
Listed Capital of New Companies - Rs. |
16,010.82 |
8,161.03 |
4,545.07 |
26,973.47 |
26,056.07 |
New Debt Instruments Listed during the year |
6 |
5 |
6 |
6 |
1 |
Listed Capital of New Debt Instruments - Rs. |
14,754.80 |
5,254.67 |
9,779.42 |
15,000.00 |
22,000.00 |
Average Daily Turnover - Shares in million |
96.91 |
196.68 |
238.62 |
218.67 |
300.08 |
Average value of daily turnover - Rs. |
3,506.22 |
4,675.47 |
7,603.54 |
9,401.68 |
13,050.13 |
Average Daily Turnover (Future™) YTD |
5.78 |
12.94 |
22.29 |
24.34 |
36.94 |
Average Value of Daily Turnover - YTD |
611.92 |
862.71 |
1,868.74 |
2,205.34 |
3,340.76 |
YTD = Year to date |
|
Hours of Operation
Monday to Thursday
Session | Timing |
---|---|
Pre-open Trading Session | 09:15 am – 09:30 am |
Regular Order Matching & Confirmation Period * | 09:30 am - 9:32 am |
Trading Session | 09:32 am – 03:30 pm |
Friday
Session | Timing |
---|---|
Pre-open Trading Session | 09:00 am – 09:15 am |
Regular Order Matching & Confirmation Period * | 09:15 am – 09:17 am |
1st Trading Session | 09:17 am – 12:00 pm |
Break | 12:00 pm – 02:14 pm |
Pre-open 2nd Trading Session | 02:15 pm – 02:30 pm |
Regular Order Matching & Confirmation Period * | 02:30 pm – 02:32 pm |
2nd Trading Session | 02:32 pm – 04:30 pm |
The hours of operation for the KSE quoted above are stated in terms the local time (GMT + 5:00). KSE's normal trading sessions are on all days of the week except Saturday, Sundays and holidays declared by the Exchange in advance. On Friday, there are two trading sessions and KSE observe Friday prayer break in between.
- During Regular Order Matching & Confirmation Period, the System shall be static for minimum 2 minutes and maximum for about 10 minutes and no Order shall be input into the System, amended or cancelled.
2008 and 2009 Karachi Stock Exchange Crisis
- April 20 : Karachi Stock Exchange achieved a major milestone when KSE-100 Index crossed the psychological level of 15,000 for the first time in its stock exchange history and peaked 15,737.32 on 20 April 2008. Moreover, the increase of 7.4 per cent in 2008 made it the best performer among major emerging markets.[9][10]
- May 23: Record high inflation in the month of May, 2008 resulted in the unexpected increase in the interest rates by State Bank of Pakistan which eventually resulted in sharp fall in Karachi Stock Exchange.[11][12]
- July 17 :Angry investors attacked the Karachi Stock Exchange in protest at plunging Pakistani share prices.[13][14]
- July 16 : KSE-100 Index dropped one-third from an all-time high hit in April, 2008 as rising pressure on shaky Pakistan's coalition government to tackle Taliban militants exacerbates concern about the country's economic woes.[15]
- August 18: KSE 100 Index rose more than 4% after the announcement of the resignation of President Pervez Musharraf but Credit Suisse Group said that Pakistan's Post-Musharraf rally in Stock Exchange will be short-lived because of a rising fiscal deficit and runaway inflation.[16][17]
- August 28 :Karachi Stock Exchange set a floor for stock prices to halt a plunge that has wiped out $36.9 billion of market value since April.[18]
- December 15: Trading resumes after the removal of floor on stock prices that was set on August 28 to halt sharp falls.[19][20]
- December 6, 2012 :Karachi Stock Exchange (KSE) hits third straight record high its history.[21]
Disputes
Disputes between investors and members of the Exchange are resolved through deliberations of the Arbitration Committee of the Exchange[citation needed].
See also
- KSE 100 Index
- KSE 30 Index
- Lahore Stock Exchange
- Islamabad Stock Exchange
- 128 Securities
- Economy of Pakistan
- Economy of Karachi
- E-trading in Pakistan
- List of Pakistani companies
- List of stock exchanges
References
- ^ [1]
- ^ Houreld, Katharine (10 April 2013). "Insight: Pakistan's booming market no black and white matter". Yahoo News. Retrieved 10 April 2013.
- ^ "Pakistan central bank cuts benchmark rate to 42-year low". AFRWEEKEND. May 24, 2015. Archived from the original on May 24, 2015. Retrieved May 24, 2015.
- ^ "KSE world's best performing frontier stock market: report". The Express Tribune. June 3, 2015. Archived from the original on Jun 8, 2015. Retrieved Jun 8, 2015.
- ^ "Pak equities to extend bull run on strong fundamentals". Khaleej Times. June 1, 2015. Archived from the original on Jun 8, 2015. Retrieved Jun 8, 2015.
- ^ Shoaib-ur-Rehman Siddiqi (Jan 30, 2015). "KSE one of best performing stock exchanges in world: PM". Business Recorder. Retrieved March 1, 2015.
- ^ Agencies (Jan 1, 2015). "Pakistan ranked third amongst top 10 best performing markets in 2014: Bloomberg". Pakistan Today. Retrieved March 1, 2015.
- ^ Market Hours, Karachi Stock Exchange via Wikinvest
- ^ Karachi Stock Exchange reaches record high - Gulf News
- ^ Monster & Critics
- ^ Pakistan Stocks Slump, Led by Banks, After Unexpected Rate Rise - Bloomberg
- ^ Billions wiped off on KSE’s ‘black Friday’ - Dawn.com
- ^ Protest over Pakistan share slump - BBC News
- ^ Pakistani Investors Stone Exchange as Stocks Plunge - Bloomberg
- ^ Forbes.com
- ^ Pakistan shares up on resignation - BBC News
- ^ Pakistan's Post-Musharraf Rally Will Falter, Credit Suisse Says - Bloomberg
- ^ Pakistan Stock Index Is Little Changed; Trading Limits Remain Bloomberg
- ^ Pakistan’s Stock Index Falls to 2-Year Low After Lifting Curbs - Bloomberg
- ^ The Avoidable collapse of Karachi Stock Exchange 2008 - KSE
- ^ Approved Ranking of World | 1reservoir
External links