The Karachi Stock Exchange ( ur, or PSX-KSE) was a stock exchange 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 cap ...

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 of ...

. 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 11 ...

, along with the

Lahore Stock Exchange The Lahore Stock Exchange was a financial facility located in Lahore, Pakistan. It was incorporated as a company Limited by Guarantee under the Companies Act 1913 on 5 October 1970. In the first General meeting of the Board of Directors held on ...

and

Islamabad Stock Exchange The Islamabad Stock Exchange ( ur, or PSX-ISE) was a stock exchange located in Islamabad, Capital Territory, Pakistan. In 2016, it merged with the Pakistan Stock Exchange. History Islamabad Stock Exchange (ISE) was incorporated as a guara ...

. The KSE was Pakistan's largest and oldest stock exchange. According to Bloomberg, the Pakistani benchmark stock market index 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 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 ...

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 and KMI 30 Index. 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