Pakistan Stock Exchange
بازارِ حِصَص پاکستان | |
Type | Stock exchange PSX: PSX |
---|---|
Location | Karachi-74000, Pakistan |
Coordinates | 24°50′50.7″N 66°59′53.9″E / 24.847417°N 66.998306°E |
Founded | 11 January 2016 (Originally Karachi Stock Exchange founded on 18 September 1947) |
Owner | China Financial Futures Exchange (17%) Shanghai Stock Exchange (8%) Shenzhen Stock Exchange (5%) Pak China Investor Company (5%) Habib Bank Limited (5%) Local and Foreign Investors (60%)[1] |
Key people | Shamshad Akhtar (Chairperson and Independent Director) Farrukh H. Khan (CEO and Managing Director) |
Currency | |
Website | www dps |
The Pakistan Stock Exchange (
The PSX was established on 11 January 2016 after the merger of the
Investors on the exchanges include 1,886
History
The Pakistan Stock Exchange (PSX) came into existence in January 2016 when the Government of Pakistan decided to merge the three large exchange markets of the country (based in Karachi, Lahore, and Islamabad) into one combined market.[15]
Karachi Stock Exchange
Founded on 18 September 1947, Karachi Stock Exchange Limited (KSE) was registered in Pakistan. It was located at the Stock Exchange Building (SEB) on Stock Exchange Road, in the heart of Karachi's business district off I. I. Chundrigar Road (then known as McLeod Rd).[16] It was Pakistan's largest stock exchange, and was listed among the ten best stock markets in the world in 2015.[17][18] According to Bloomberg, the Pakistani benchmark stock market index is the third-best performer in the world since 2009.[19] 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).[20][21]
Lahore Stock Exchange
Islamabad Stock Exchange
Islamabad Stock Exchange (ISE) was the youngest of the three stock exchanges of Pakistan, and was located in the capital city,
Merger
The PSX was launched on 11 January 2016. Prior to the formal launch, the Karachi Stock Exchange held a two-day pre-production mock trading session for all certificate holders of the three exchanges. The integration is expected to help reduce market fragmentation and create a strong case for attracting strategic partnerships necessary for providing technological expertise and assistance. The integration of the three exchanges has completed the second phase of the Stock Exchanges Demutualization and Integration Act 2012, passed by a joint session of the Parliament.[22]
Trading volumes
Historic high trading volumes staggering at 2.20 billion shares were recorded on 27 May 2021. It broke the previous record all-time high volume of 1.56 billion shares, recorded on 26 May 2021.[23]
References
- ^ "Pakistan Stock Exchange Limited – | Psx | Exchange". www.psx.com.pk. Retrieved 26 November 2019.
- ^ Alam, Kazim (7 September 2023). "PSX chief hints at new wave of IPOs". DAWN.COM. Retrieved 17 March 2024.
- ^ a b "PSX ends on negative note". Business Recorder. 6 March 2024. Retrieved 17 March 2024.
- ^ "Pakistan Stock Exchange formally launched". Dawn. Pakistan. 11 January 2016. Retrieved 9 October 2022.
- ^ "Pakistan Stock Exchange formally launched | Pakistan Today". archive.pakistantoday.com.pk. 11 January 2016.
- ^ "MSCI Downgrades Pakistan to Frontier Market After Four Years". 7 September 2021 – via www.bloomberg.com.
- ^ "Ishaq Dar formally launches Pakistan Stock Exchange". www.thenews.com.pk. Retrieved 24 February 2022.
- ^ "PAKISTAN STOCK EXCHANGE STARTS FUNCTIONING - Channel 24". 11 January 2016. Retrieved 24 February 2022.
- ^ Akhtar, Adeel. "About Pakistan Stock Exchange (www.psx.com.pk)". www.ksestocks.com. Retrieved 16 June 2016.
- ^ "Pakistan Market Cap: PSX: All Shares | Economic Indicators | CEIC". www.ceicdata.com. Retrieved 24 February 2022.
- ^ "Pakistan Stock Exchange: a quantum leap for Pakistan's capital market". DailyTimes. Retrieved 22 February 2016.
- ^ "Stock exchange: Pakistan likely to win emerging market status". The Express Tribune. 10 June 2015. Retrieved 22 February 2016.
- ^ "KSE world's best performing frontier stock market: report". The Express Tribune. 3 June 2015. Retrieved 16 June 2016.
- ^ "PSX sells 40pc stake to Chinese consortium". DAWN.COM. 23 December 2016. Retrieved 24 December 2016.
- ^ "Pakistan Stock Exchange formally launched". DAWN.COM. 11 January 2016.
- ^ Dawn.com (11 January 2016). "Pakistan Stock Exchange formally launched". DAWN.COM. Retrieved 24 February 2022.
- ^ Houreld, Katharine (10 April 2013). "Insight: Pakistan's booming market no black and white matter". Yahoo News. Retrieved 10 April 2013.
- ^ Times, Khaleej (29 October 2015). "Karachi Stock Exchange among 10 best stock markets in the world in 2015". Scene on Hai. Retrieved 9 October 2015.[permanent dead link]
- ^ "Pakistan central bank cuts benchmark rate to 42-year low". AFRWEEKEND. 24 May 2015. Archived from the original on 25 May 2015. Retrieved 24 May 2015.
- ^ "KSE world's best performing frontier stock market: report". The Express Tribune. 3 June 2015. Archived from the original on 11 June 2015. Retrieved 8 June 2015.
- ^ "Pak equities to extend bull run on strong fundamentals". Khaleej Times. 1 June 2015. Archived from the original on 1 June 2015. Retrieved 8 June 2015.
- ^ Dawn.com (11 January 2016). "Pakistan Stock Exchange formally launched". www.dawn.com. Retrieved 22 February 2016.
- ^ Hussain, Dilawar (28 May 2021). "Low-priced stocks drive volumes to historic highs". DAWN.COM. Retrieved 30 May 2021. Umer