11/17/2017 Pakistan Stock Exchange - Wikipedia

Pakistan Stock Exchange

The Pakistan Stock Exchange (PSX) is the stock exchange of Pakistan
Pakistan Stock Exchange
with trading floors in Karachi, Islamabad and Lahore.[2][3] PSX was
reclassified as a MSCI Emerging Market in May 2017.[4] While, the FTSE ‫ﭘﺎﮐﺳﺗﺎن اﺳﭨﺎک اﯾﮑﺳﭼﯾﻧﺞ‬
classifies PSX as a Secondary Emerging Market.[5][6]

PSX was established on 11 January 2016 after the merger of individual

stock exchange's of Karachi, Lahore and Islamabad.[7][8] PSX's origin's
where laid with the establishment of the Karachi Stock Exchange in 1947,
the Lahore Stock Exchange in 1970 and the Islamabad Stock Exchange in
1992.[9] As of May 28, 2016, there are 560 companies listed in PSX and the
total market capitalisation is $98billion.[10][11][12]

The investors on the exchanges include 1,886 foreign institutional

investors and 883 domestic institutional investors along with about 0.22 Type Stock exchange
million retail investors. There are also about 400 brokerage houses which
Location Karachi, Pakistan
are members of the PSX as well as 21 asset management companies.[13][14]
Founded January 11, 2016
PSX is among the world's best performing stock market's, between 2009
and 2015 it delivered a 26% a year.[15] In December 2016, PSX sold 40% Owner Government of Pakistan
strategic shares to a Chinese consortium for $85 million.[16] Currency Pakistani Rupee
No. of listings 560 - as on (May 29, 2017)
Market cap US$ 98 billion - (29 may,
2017) [1]
Contents
Indices KSE 100 Index
1 History
KSE-30 Index
1.1 Karachi Stock Exchange
1.2 Lahore Stock Exchange
KMI 30 Index
1.3 Islamabad Stock Exchange Website www.psx.com.pk (https://w
1.4 Merger
ww.psx.com.pk/)
2 References
3 External links
dps.psx.com.pk (https://d
ps.psx.com.pk/)

History
The Pakistan Stock Exchange (PSX) came into inception in January 2016 when the Government of Pakistan decided to
merge the three large exchange markets of the country into one combined market.[17]

Karachi Stock Exchange

Founded on 18 September 1947, Karachi Stock Exchange Limited (KSE) was registered in Pakistan. The Karachi Stock
Exchange Limited (KSE), was a stock exchange 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.[18] It was Pakistan's
largest and one of the oldest stock exchange in South Asia. Karachi Stock Exchange was also listed among 10 best stock

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11/17/2017 Pakistan Stock Exchange - Wikipedia

markets in the world in 2015.[19][20] According to Bloomberg, the Pakistani

benchmark stock market index is the third-best performer in the world since
2009.[21] In June 2015, Khaleej Times reported that since 2009, the Pakistani
equities delivered 26 percent a year for US dollar investors, making Karachi the
best-performing stock exchange in the world. As of 10 July 2015, total market
capitalization reached Rs. 7.33 trillion (US$72 billion approximately).[22][23]

Lahore Stock Exchange UK's Foreign Secretary William

Hague rings the closing bell at the
Lahore Stock Exchange is located in Lahore, Pakistan. It was formally inducted
Karachi stock exchange
into the national Pakistan Stock Exchange on 11 January 2016. The Lahore Stock
Exchange (Guarantee) Limited came into existence in October 1970, under the
Securities and Exchange Ordinance of 1969 by the Government of Pakistan in
response to the needs of the provincial metropolis of the province of Punjab. It
initially had 83 members and was housed in a rented building in the crowded
Bank Square area of Lahore.

Islamabad Stock Exchange

Islamabad Stock Exchange or ISE was the youngest of the three stock exchanges
of Pakistan and is located in the capital of Islamabad. Islamabad stock exchange
(ISE) was incorporated as a guarantee-limited company on 25 October 1989 in
Islamabad. ISE tower is a 22 storey building, which makes it the second highest
building of Islamabad after the Telecom Tower. Area covered by the building is
562,629 sq ft (52,269.9 m2), it consists of three levels of basements and ground
plus 18 floors above.
Islamabad Stock Exchange Tower is
now the office of PSX
Merger
Launched on 11 January 2016, aimed to help reduce market fragmentation and create a strong case for attracting strategic
partnerships necessary for providing technological expertise and assistance, PSX was launched.[24]

References
1. http://www.ksestocks.com/AboutPSX
2. "Pakistan Stock Exchange formally launched" (http://www.dawn.com/news/1232253/pakistan-stock-exchange-formally-
launched).
3. "Pakistan Stock Exchange formally launched: Dar seeks joint economic road map for Pakistan" (http://www.pakistantod
ay.com.pk/2016/01/11/business/pakistan-stock-exchange-formally-launched-dar-seeks-joint-economic-road-map-for-pa
kistan).
4. "Market dips as MSCI reclassifies PSX to Emerging Markets Index" (https://www.dawn.com/news/1333488). Dawn
(newspaper). 16 May 2017. Retrieved 25 May 2017.
5. "FTSE Country Classification Process" (http://www.ftse.com/products/downloads/ftse_country_classification_paper.pdf)
(PDF). ftserussell.com. Retrieved 25 May 2017.
6. "FTSE takes Pakistan off its watch list" (https://www.dawn.com/news/983099/ftse-takes-pakistan-off-its-watch-list).
Dawn (newspaper). September 19, 2008. Retrieved 25 May 2017.
7. "Ishaq Dar formally launches Pakistan Stock Exchange " (http://www.thenews.com.pk/latest/89546-Ishaq-Dar-formally-
launches-Pakistan-Stock-Exchange).

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11/17/2017 Pakistan Stock Exchange - Wikipedia

8. "Pakistan Stock Exchange starts functioning" (http://channel24.pk/pakistan/pakistan-stock-exchange-starts-functionin

g/). Channel 24.
9. Akhtar, Adeel. "About Pakistan Stock Exchange (www.psx.com.pk)" (http://www.ksestocks.com/AboutPSX).
www.ksestocks.com. Retrieved 2016-06-16.
10. Akhtar, Adeel. "About Pakistan Stock Exchange (www.psx.com.pk)" (http://www.ksestocks.com/AboutPSX).
www.ksestocks.com. Retrieved 2016-06-16.
11. http://dunyannews.tv/en/Business/317124-Pakistan-Stock-Exchange-becomes-functional
12. "Pakistan Stock Exchange to be launched tomorrow" (http://www.dnaindia.com/money/report-pakistan-stock-exchange-
to-be-launched-tomorrow-2164142). DNA India. 10 January 2016.
13. "Pakistan Stock Exchange: a quantum leap for Pakistan’s capital market" (http://www.dailytimes.com.pk/business/29-D
ec-2015/pakistan-stock-exchange-a-quantum-leap-for-pakistan-s-capital-market). DailyTimes. Retrieved 2016-02-22.
14. "Stock exchange: Pakistan likely to win emerging market status" (http://tribune.com.pk/story/901518/stock-exchange-p
akistan-likely-to-win-emerging-market-status/). The Express Tribune. Retrieved 2016-02-22.
15. "KSE world's best performing frontier stock market: report" (http://tribune.com.pk/story/896886/kse-worlds-best-perform
ing-frontier-stock-market-report/). The Express Tribune. 2015-06-03. Retrieved 2016-06-16.
16. "PSX sells 40pc stake to Chinese consortium" (http://www.dawn.com/news/1304006). DAWN.COM. 2016-12-23.
Retrieved 2016-12-24.
17. "Pakistan Stock Exchange formally launched" (http://www.dawn.com/news/1232253/pakistan-stock-exchange-formally-
launched).
18. News, Dawn. "Pakistan Stock Exchange formally launched" (http://www.dawn.com/news/1232253).
19. Houreld, Katharine (10 April 2013). "Insight: Pakistan's booming market no black and white matter" (https://news.yaho
o.com/insight-pakistans-booming-market-no-black-white-matter-210635962--sector.html;_ylt=Au5FW4u_6j3Ep.k7XQ7j
p9msFWFH;_ylu=X3oDMTVxbXBmcjVmBGNjb2RlA2dtcHRvcDEwMDBwb29sd2lraXVwcmVzdARtaXQDQXJ0aWNsZ
SBNaXhlZCBMaXN0IE5ld3MgZm9yIFlvdSB3aXRoIE1vcmUgTGluawRwa2cDNWQ2ZDM4NmItMjliMS0zNzUxLWFlMz
YtNjk3ZjZlNzI5ZWQwBHBvcwM3BHNlYwNuZXdzX2Zvcl95b3UEdmVyA2UyMWIwOGMwLWExNTktMTFlMi1iZWY3LT
gxYzNiMzQ0ZmFiOQ--;_ylg=X3oDMTNvOXBjZjkzBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDNjZlNTdlODQtOT
diNy0zNWVjLWJlM2QtODgxMjU4ZjQ2Y2RlBHBzdGNhdANzY2llbmNlfHNwYWNlLWFzdHJvbm9teQRwdANzdG9yeXB
hZ2UEdGVzdANUZXN0X0FGQw--;_ylv=3). Yahoo News. Retrieved 10 April 2013.
20. Times, Khaleej (29 October 2015). "Karachi Stock Exchange among 10 best stock markets in the world in 2015" (http
s://sceneonhai.wordpress.com/2015/10/09/karachi-stock-exchange-among-10-best-stock-markets-in-the-world-in-201
5/). Scene on Hai. Retrieved 9 October 2015.
21. "Pakistan central bank cuts benchmark rate to 42-year low" (http://www.webcitation.org/6Yl3uo3wi). AFRWEEKEND.
May 24, 2015. Archived from the original (http://www.afr.com/news/world/asia/pakistan-central-bank-cuts-benchmark-ra
te-to-42year-low-20150524-gh8aqw) on May 24, 2015. Retrieved May 24, 2015.
22. "KSE world's best performing frontier stock market: report" (http://www.webcitation.org/6Z8VNxPmj). The Express
Tribune. June 3, 2015. Archived from the original (http://tribune.com.pk/story/896886/kse-worlds-best-performing-fronti
er-stock-market-report/) on Jun 8, 2015. Retrieved Jun 8, 2015.
23. "Pak equities to extend bull run on strong fundamentals" (http://www.webcitation.org/6Z8VOhmcv). Khaleej Times.
June 1, 2015. Archived from the original (http://www.khaleejtimes.com/biz/inside.asp?xfile=/data/opinionanalysis/2015/
June/opinionanalysis_June3.xml&section=opinionanalysis) on Jun 8, 2015. Retrieved Jun 8, 2015.
24. Dawn.com (2016-01-11). "Pakistan Stock Exchange formally launched" (http://www.dawn.com/news/1232253).
www.dawn.com. Retrieved 2016-02-22.

External links
official website (http://www.psx.com.pk/)

Retrieved from "https://en.wikipedia.org/w/index.php?title=Pakistan_Stock_Exchange&oldid=807085307"

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