KSE 100 Index
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Karachi Stock Exchange 100 Index (KSE-100 Index) is a benchmark used to compare prices over a period of time, companies with the highest market capitalization are selected. However, to ensure full market representation, the company with the highest market capitalization from each sector is also included. This approach has disadvantages to go along with its advantages.
The index was launched in late 1991 with a base of 1,000 points. By 2001, it had grown to 1,770 points. By 2005, it had skyrocketed to 9,989 points. It reached a peak of 12,285 in February 2007. [1]
The following is a list of 30 companies with the highest weightage in the index and account for over 82.95% of the KSE index as of March 15, 2005:
| Number | Company Name | Weightage (%) | Shares Outstanding |
|---|---|---|---|
| 1 | Oil and Gas Development Company | 35.29 | 4,300,930,000 |
| 2 | Pakistan Telecommunication Company | 14.34 | 3,774,000,000 |
| 3 | Pakistan State Oil | 3.63 | 171,520,000 |
| 4 | National Bank of Pakistan | 2.91 | 492,410,000 |
| 5 | Fauji Fertilizer | 2.57 | 339,220,000 |
| 6 | Pakistan Oilfields | 1.97 | 131,410,000 |
| 7 | Sui Northern Gas Pipelines Limited | 1.65 | 499,190,000 |
| 8 | Fauji Fertilizer Bin Qasim | 1.64 | 934,110,000 |
| 9 | Hub Power Company | 1.58 | 1,157,150,000 |
| 10 | National Refinery | 1.26 | 66,640,000 |
| 11 | Muslim Commercial Bank | 1.19 | 370,900,000 |
| 12 | Pakistan Industrial Credit and Investment Corporation | 1.11 | 210,430,000 |
| 13 | Engro Chemical Pakistan | 0.99 | 152,940,000 |
| 14 | Nestle Milkpak | 0.98 | 45,270,000 |
| 15 | Pakistan PTA Limited | 0.95 | 1,514,210,000 |
| 16 | Pakistan International Airlines | 0.92 | 1,150,730,000 |
| 17 | Shell Pakistan | 0.86 | 35,070,000 |
| 18 | Unilever Pakistan | 0.86 | 13,290,000 |
| 19 | ICI Pakistan | 0.85 | 138,800,000 |
| 20 | Sui Southern Gas | 0.84 | 671,170,000 |
| 21 | Faysal Bank | 0.84 | 291,260,000 |
| 22 | Karachi Electric Supply Company | 0.80 | 2,266,220,000 |
| 23 | Nishat Mills | 0.78 | 145,260,000 |
| 24 | Glaxo Smithkline | 0.75 | 87,380,000 |
| 25 | Bank Of Punjab | 0.72 | 150,620,000 |
| 27 | Pakistan Naval Shipping Corporation | 0.70 | 120,060,000 |
| 28 | Pakistan Tobacco | 0.67 | 255,490,000 |
| 29 | Askari Bank | 0.66 | 125,580,000 |
| 30 | DG Khan Cement | 0.64 | 184,390,000 |
On March 20, 2006, the board of Directors of the Karachi Stock Exchange recomposed the KSE-100 index to be effective from April 3.
INCOMING COMPANIES: Allied Bank Limited, United Bank Limited, EFU General Insurance Company Limited, Pioneer Cement Company Limited, Attock Petroleum Limited, and Telecard Limited.
OUT GOING COMPANIES: Javed Omer Vohra & Company Limited, Gul Ahmed Textile Mills Limited, Dawood Lawrencepur Limited, BOC Pakistan Limited, Century Paper & Board Mills Limited, and Security Papers Limited.
The new index is to capture market capitalization to the extent of 90.16%.
The following is the revised/recomposed list of KSE-100 Index:
CLOSE-END MUTUAL FUNDS: PICIC Growth Fund, PICIC Investment Fund
MODARABA: Fayzan Manufacturing Modaraba
LEASING COS: Orix Leasing
INVESTMENT BANK/COS, SECURITIES: Arif Habib Securities Limited, Jahangir Siddiqui & Company Limited, PICIC
COMMERCIAL BANKS: Allied Bank Limited, Askari Commercial Bank Ltd, Bank AL Habib Limited, Bank Alfalah Limited, Bank of Punjab, Faysal Bank Ltd, Metropolitan Bank Ltd, NIB Bank Ltd, MCB Bank Ltd, National Bank of Pakistan Ltd, PICIC Commercial Bank Ltd, Prime Commercial Bank Ltd, Saudi Pak Commercial Bank Ltd, Soneri Bank Ltd, Union Bank Ltd, United Bank Ltd
INSURANCE: Adamjee Insurance Company Ltd, EFU General Insurance Company Ltd, IGI Insurance Company Ltd, New Jubilee Insurance Company Ltd, Pakistan Reinsurance Company Ltd
TEXTILE SPINNING: Gadoon Textile Mills Ltd
TEXTILE WEAVING: Kohinoor Weaving Mills Ltd
TEXTILE COMPOSITE: Azgard Nine Ltd, Kohinoor Textile Mills Ltd, Nishat (Chunian) Ltd, Nishat Mills Ltd
WOOLLEN: Bannu Woollen Mills Limited
SYNTHETICS & RAYON: Dewan Salman Fibre Limited, Gatron Industries Limited, Ibrahim Fibres Limited
JUTE: Thal Limited
SUGAR & ALLIED: JDW Sugar
CEMENT: Attock Cement Ltd, Bestway Cement Limited, Pakistan Cement Co Ltd, Cherat Cement Company Ltd, DG Khan Cement Co Ltd, Fauji Cement Co Ltd, Lucky Cement Ltd, Maple Leaf Cement Factory Ltd, Pioneer Cement Co Ltd
TOBACCO: Lakson Tobacco Company Ltd, Pakistan Tobacco Company Ltd
REFINERY: Attock Refinery Limited, Bosicor Pakistan Limited, National Refinery Limited, Pakistan Refinery Limited
POWER GEN & DISTRIBUTION: KESC, Kohinoor Energy Limited, Kot Addu Power Company Ltd, Hub Power Company Ltd
OIL & GAS MARKETING COS: Attock Petroleum Limited, PSO, Shell Pakistan Limited, Sui Northern Gas Pipeline Ltd, Sui Southern Gas Company Ltd
OIL & GAS EXPLORATION COS: Mari Gas Company Limited, OGDC, Pakistan Oilfields Limited, Pakistan Petroleum Limited
ENGINEERING: International Industries Ltd
AUTOMOBILE ASSEMBLERS: Al Ghazi Tractors Limited, Atlas Honda Limited, Honda Atlas Cars Limited, Indus Motor Company Ltd, Millat Tractors Limited, Pak Suzuki Motor Company Ltd
AUTO & ALLIED: General Tyre & Rubber Company
CABLES & ELECTRICAL GOODS: Siemens Engineering Co Ltd
TRANSPORT: PNSC, PIAC “A”
TECHNOLOGY & COMMUNICATIONS: PTCL “A”, Telecard Limited
FERTILIZER: Dawood Hercules Chemicals Ltd, Engro Chemical Pakistan Ltd, Fauji Fertilizer Bin Qasim Ltd, Fauji Fertilizer Company Ltd
PHARMACEUTICAL: Abbott Laboratories Limited, GlaxoSmithKline Pakistan Ltd
CHEMICAL: Clariant Pakistan Limited, Colgate Palmolive Limited, ICI Pakistan Limited, Pakistan PTA Limited
PAPER & BOARD: Packages Limited
VANASPATI & ALLIED: Wazir Ali Industries Limited
LEATHER & TANNERIES: Bata Pakistan Limited
FOOD & PERSONAL CARE PRODUCTS: Nestle Milkpak Ltd, Rafhan Maize Products Ltd, Unilever Pakistan Ltd
GLASS & CERAMICS: Ghani Glass Limited
MISCELLANEOUS: Dreamworld Limited, Pakistan Services Limited )
[edit] See also
- Karachi Stock Exchange
- KSE BRIndex30
- ABAMCO30 Index
