The Karachi Stock Exchange ( ur, or PSX-KSE) was a

stock exchange A stock exchange, securities exchange, or bourse is an exchange where stockbrokers and traders can buy and sell securities, such as shares of stock, bonds and other financial instruments. Stock exchanges may also provide facilities for t ...

located in

Karachi Karachi (; ur, ; ; ) is the most populous city in Pakistan and 12th most populous city in the world, with a population of over 20 million. It is situated at the southern tip of the country along the Arabian Sea coast. It is the former c ...

Pakistan Pakistan ( ur, ), officially the Islamic Republic of Pakistan ( ur, , label=none), is a country in South Asia. It is the world's List of countries and dependencies by population, fifth-most populous country, with a population of almost 24 ...

. Since 1947, it has been located at the Stock Exchange Building on

I. I. Chundrigar Road I. I. Chundrigar Road ( ur, ), previously known as McLeod Road, is a road located in central business district of Karachi, Pakistan, and is named after former Pakistani Prime Minister Ibrahim Ismail Chundrigar. The road serves as the spine o ...

. It has now been consolidated in the

Pakistan Stock Exchange The Pakistan Stock Exchange ( ur, , abbreviated as PSX) is a stock exchange in Pakistan with trading floors in Karachi, Islamabad and Lahore. PSX was classified by MSCI as a frontier market on 8 September 2021. The PSX was established on ...

, along with the Lahore Stock Exchange and Islamabad Stock Exchange. The KSE was Pakistan's largest and oldest stock exchange. According to Bloomberg, the Pakistani benchmark

stock market index In finance, a stock index, or stock market index, is an index that measures a stock market, or a subset of the stock market, that helps investors compare current stock price levels with past prices to calculate market performance. Two of th ...

is the third-best performer in the world since 2009. In June 2015,

Khaleej Times ''Khaleej Times'' is a daily English language newspaper published in Dubai, United Arab Emirates. Launched on 16 April 1978, ''Khaleej Times'' is the UAE's longest-running English daily newspaper. History and profile A partnership between the U ...

reported that since 2009, Pakistani equities delivered 26% a year for US dollar investors, making Karachi the top-performing stock exchange in the world.

History

The Karachi Stock Exchange was established on 18 September 1947, after the arrival of the educated and affluent Muhajirs, and was incorporated as Karachi Stock Exchange Limited on 10 March 1949. The KSE began with 5 companies as ''KSE 50'' with a total market capitalization of . For over 60 years, the KSE facilitated capital formation, serving a wide spectrum of participants, including individual and institutional investors. With a growing number of listed companies and trading activities by the late 1980s, another index was proposed. On 1 November 1991, the KSE 100 Index was introduced. By 1995, the need for a futures index was realized and on 18 September 1995, the KSE All Shares Index was introduced. To address the needs of the investors community, two other indexes were introduced in the late 1990s - the

KSE-30 Index The Karachi Stock Exchange has launched the KSE-30 Index with base value of 10,000 points, formally implemented from Friday, September 1, 2006. The main feature of this index that makes it different from other indices are: * KSE-30 index is ba ...

and

KMI 30 Index KSE Meezan Index (KMI–30) is a stock market index on the Pakistan Stock Exchange in Pakistan of thirty companies that have been screened for Islamic Shariah Sharia (; ar, شريعة, sharīʿa ) is a body of religious law that forms a ...

. Work on a fully automated trading system began in the late 1990s and in 2002, the ''Karachi Automated Trading System'' or KATS was launched, which had the ability to handle over 1 million trades per day. In the same year, the KSE was declared the ''"Best Performing Stock Market of the World"''. In 2016, the Karachi Stock Exchange, Lahore Stock Exchange and Islamabad Stock Exchange were integrated under the ''Stock Exchanges (Corporatisation, Demutualization and Integration) Act, 2012'' to form the Pakistan Stock Exchange.

Hours

The exchange has a trading session from 09:32am to 03:30pm PST and a post-market session from 03:31pm to 04:00pm PST from Monday to Thursday. On Friday, the trading session is split with the trading session beginning from 09:17am to 12:00pm and 02:32pm to 04:30pm. The exchange is closed on Saturdays and Sundays and holidays are declared by the exchange in advance.

Companies listed

References

External links

* {{Trade Former stock exchanges in Pakistan Buildings and structures in Karachi 1947 establishments in Pakistan Pakistan Stock Exchange Pakistani companies established in 1947

History

Hours

Companies listed

See also

References

External links