Brief History.doc

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Brief History:Karachi Stock Exchange (Guarantee) Limited (KSE), currently the iggest and mostli!uid stock exchange in "akistan, #as estalished on Se$temer %&, %'* +t #asincor$orated on arch %-, %''* .nly fi/e com$anies #ere initially listed #ith a total$aid0u$ ca$ital of 1 million ru$ees* 2he first index introduced in KSE #as ased on fifty

com$anies and #as called KSE 3- index* 2rading used to e carried out on o$en out0crysystem*

4ith gro#th in numer of listed com$anies and trading acti/ities, a dire need for a truere$resentati/e index and com$uteri5ation of trading acti/ities #as felt* 6s a result KSE%-- +ndex #as introduced on 7o/emer %, %''%* 8om$uteri5ed trading system calledKarachi 6utomated 2rading System (K62S) #as introduced in 9--9 #ith a ca$acity of%*- million trades $er day and the aility to $ro/ide connecti/ity to an unlimited numerof users*

2o reconfirm the KSE0%-- and to $ro/ide the asis of index trading in future, an all share

index #as introduced in %''3 #hich ecame o$erational on Se$temer %&, %''3* 2oaddress the needs of in/estor community t#o other indexes #ere also introduced later oncalled KSE 1- +ndex and K+ 1- +ndex*

Karachi Stock Exchange is located on Stock Exchange oad, in the heart of usinessdistrict of Karachi* 2he $remises is kno#n as Stock Exchange Building*

Listing in KSE:6s on 7o/emer 9&th, 9-%3 there are 3 com$anies listed in KSE and the total marketca$itali5ation is s* ,-9&*'3 illions* 2he listing is done on the asis of strict rules andregulations laid out y Securities Exchange 8ommission of "akistan (SE8") ; Karachi

Stock Exchange (Guarantee) Limited* 6ll the listed com$anies are categori5ed in /ariousmain usiness sectors* 6s on 7o/emer 9&th, 9-%3 there are total 13 sectors listed onKarachi Stock Exchange #hich contriute to#ards the market ca$itali5ation and all thelisted com$anies (excluding their future contracts) are di/ided among these* est of thenoncontriutory sectors are allocated for indexes, futures, onds etc*

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descending order* 2his is a total return index i*e* di/idend, onus and rights are adusted*+t is re/ised after e/ery six months for inclusion or exclusion of com$anies on the asis ofao/e mentioned criteria*

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2he $rinci$al oecti/e of the 6ll Shares +slamic +ndex is to gauge the $erformance of theShariah com$liant segment of the e!uity market* 6ccordingly, it is im$ortant that allthose shares #hich meet the Shariah screening criteria should e included in the 6llShares +slamic +ndex in order to ensure com$leteness of the index and adherence to the

core oecti/e of the $ro$osed 6ll Shares +slamic +ndex*

2he com$anies included in this index are selected on the asis of a six factors selectioncriteria*

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egular .rder atching ; 8onfirmation "eriodN

-':1- am M ':19 am

2rading Session -':19 am M -1:1- $m

s "ost0usharraf rally in Stock Exchange #ill e short0li/ed ecause of a rising fiscal deficitand runa#ay inflation*%I%&I6ugust 9& :Karachi Stock Exchange set a floor for stock $rices to halt a $lunge that has#i$ed out 1A*' illion ofmarket /aluesince 6$ril*%'I=ecemer %3: 2rading resumes after the remo/al of floor on stock $rices that #as set on6ugust 9& to halt shar$ falls*9-I9%I

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=ecemer A, 9-%9 :Karachi Stock Exchange (KSE) hits third straight record high itshistory

6J2..B+LE 6SSEBLE(7umer of com$anies in sector:

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8om$any 7ame