Karachi Stock Exchange (KSE) is the largest and most liquid stock exchange in Pakistan. It was established on September 18, 1947 and was incorporated on March 10, 1949. It is the premiere stock exchange of the country. Only five companies were at first listed with a total paid-up capital of 37 million rupees. The first index introduced in KSE was based on fifty companies and was called KSE 50 index. Trading used to be carried out on open out-cry system.
With the enlargement in number of scheduled companies and trading activities, a dire need for a true representative index and computerization of trading activities was felt. As a result KSE 100 Index was introduced on November 1, 1991. Computerized trading system called Karachi Automated Trading System (KATS) was introduced in 2002 with a capacity of 1.0 million trades per day and the capacity to provide connectivity to an unlimited number of users.
To reconfirm the KSE-100 and to provide the basis of index trading in future, an all share index was introduced in 1995 which became functioning on September 18, 1995. To deal with the needs of investor community two other indexes were also introduced later on called KSE 30 Index and KMI 30 Index. Karachi Stock Exchange is located on Stock Exchange Road, in the heart of business district of Karachi. The premise is known as Stock Exchange Building.
Listing in KSE & Sectors of KSE: Up till March 24th, 2014, 581 companies are listed in KSE and the entire market capitalization is Rs. 6,277.437 billions. The listing is done on the basis of strict rules and regulations laid out by Securities Exchange Commission of Pakistan (SECP) & Karachi Stock Exchange. All the planned companies are categorized in various main business sectors. There are total 36 sectors listed on Karachi Stock Exchange. Out of these, 32 sectors contribute on the way to the market capitalization and all the listed companies (excluding their future