The
Karachi Stock Exchange
The Karachi Stock Exchange ( ur, or PSX-KSE) was a stock exchange located in Karachi, Pakistan. Since 1947, it has been located at the Stock Exchange Building on I. I. Chundrigar Road. It has now been consolidated in the Pakistan Stock Exchang ...
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 based only on the
free-float
In the context of stock markets, the public float or free float represents the portion of shares of a corporation that are in the hands of public investors as opposed to locked-in shares held by promoters, company officers, controlling-interest inv ...
of shares, rather than on the basis of paid-up capital.
* The other indices in
Karachi Stock Exchange
The Karachi Stock Exchange ( ur, or PSX-KSE) was a stock exchange located in Karachi, Pakistan. Since 1947, it has been located at the Stock Exchange Building on I. I. Chundrigar Road. It has now been consolidated in the Pakistan Stock Exchang ...
represents total return of the market. That is, when a company announces a dividend, the other indices at KSE are not reduced/adjusted for that amount of dividend (whether cash or bonus).Whereas, KSE-30 Index is adjusted for dividends and right shares.
At the end of 24 December 2014, KSE-30 Index reached its highest ever level of 20,830.07.
See also
*
KSE 100 Index
The KSE-100 Index is a stock index acting as a benchmark to compare prices on the Pakistan Stock Exchange (PSX) over a period.
In determining representative companies to compute the index on, companies with the highest market capitalization are ...
*
KMI 30 Index
References
External links
Bloomberg.comPak Stock Exchange
{{Economy of Pakistan
Pakistani stock market indices
Pakistan Stock Exchange