Karachi Stock Exchange

Karachi Stock Exchange
KSE Location of Karachi Stock Exchange in Pakistan
Type	Stock Exchange
Location	Karachi, Pakistan
Founded	August 14, 1947 (1947-08-14)
Owner	Karachi Stock Exchange Limited
Key people	Nadeem Naqvi, Managing Director
Currency	Pakistani Rupee
No. of listings	579
Market cap	Rs 7,625.837 billion or US$ 75.1 billion - (09 Mar 2015)[1]
Volume	US$ 12 billion
Indexes	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.

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^[3] 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.^[4] 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 May 28, 2013, total market capitalization reached Rs. 5.22 trillion (US$53.3 billion approximately).

Hours of Operation

Monday to Thursday

Friday

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.^[5]

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.^[6][7]
• 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.^[8][9]
• July 17 :Angry investors attacked the Karachi Stock Exchange in protest at plunging Pakistani share prices.^[10][11]
• 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.^[12]
• 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.^[13][14]
• 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.^[15]
• December 15: Trading resumes after the removal of floor on stock prices that was set on August 28 to halt sharp falls.^[16][17]
• December 6, 2012 :Karachi Stock Exchange (KSE) hits third straight record high its history.^[18]

Disputes

Disputes between investors and members of the Exchange are resolved through deliberations of the Arbitration Committee of the Exchange.

See also

• KSE 100 Index
• Lahore Stock Exchange
• Islamabad Stock Exchange
• 128 Securities
• Economy of Pakistan
• Economy of Karachi
• List of Pakistani companies
• List of stock exchanges

References

External links

• Karachi Stock Exchange Website

Economy of Pakistan History Numbering system Five-Year Plans Nationalization Privatization Corporatization Military Inc. Islamic economization Economic liberalization Medium Term Development Framework Periods of stagflation Banking and finance Banking (List of banks) Pakistan Remittance Initiative Communications Currency Mailing Postal codes Postage stamps Telecommunications Dialing codes Internet MNOs Telephone numbers Trade unions Transportation Airlines Airports Bridges Motorways National Highways Railways Railway stations Ports Vehicle plates Industry Agriculture Arms Automotive Books and publishing Corporate sector Cottage and small scale Fishery Forestry Information technology Insurance Livestock Manufacturing Mining Media Cinema Television Music industry Pensions Pharmaceuticals Real estate Rice production Silk Tea Textiles (Carpets and rugs) Tourism Medical tourism Infrastructure Buildings Education Schools Universities Healthcare AIDS Hospitals Housing Income Poverty Science and technology Water supply and sanitation (Dams) Water resources management Energy Electricity Fuel extraction Nuclear power Policy Power companies Power stations Renewable energy Solar power Wind power Taxation Federal Board of Revenue Tax on cash withdrawal Institutions Companies Islamabad / Karachi / Lahore stock exchanges Ministry of Commerce (Ministers) Ministry of Finance (Ministers) National Bank of Pakistan Planning Commission Research institutes Securities and Exchange Commission State Bank of Pakistan (Governors) Society Billionaires Businesspeople Demographics Labour force (Child labour) Public holidays Urbanisation Domestic economies Azad Kashmir Balochistan FATA Gilgit-Baltistan Islamabad Khyber Pakhtunkhwa Punjab Faisalabad Lahore Rawalpindi Sindh (Karachi) See also Central business districts Foreign aid Foreign trade International ranking Investment Sister cities Provinces by GDP Pakistanis by net worth Politicians Standard of living Category