Karachi Stock Exchange (KSE)

Established in 1947, Karachi Stock Exchange (KSE) is the largest and oldest stock exchange in Pakistan.

The Exchange plays a key role in the country's economy. It is one of Pakistan's largest tax payer and in the fiscal year 2006- 2007 contributed over Rs. 4 billion towards the national exchequer. KSE was named the “Best Performing Stock Market of the World for the year 2002”.

The Exchange has a number of indices: KSE-100, KSE-30, KSE All Share Index, KMI 30 Index.

The KSE-100 Index was introduced in November 1999 with base value of 1,000 points. It comprises of 100 companies selected on the basis of sector representation and highest market capitalisation, which captures over 80% of the total market capitalization of the companies listed on the Exchange.

The KSE-30 Index is designed to give investors a sense of how large company's scrips of the Pakistan's equity market are performing. It includes only the top 30 most liquid companies listed on the KSE. It is calculated using the “Free-Float Market Capitalization” methodology.

The KSE All Share Index consists of all the companies listed on the KSE.

The KMI 30 Index was introduced in September 2008. It comprises the 30 Companies that qualify the KMI Shariah screening criteria and are weighted by float adjusted market capitalization.

* Next: Lahore Stock Exchange