Pakistan Stock Exchange

Pakistan Stock Exchange Limited
بازارِ حِصَص پاکستان
TypeStock exchange PSXPSX
LocationKarachi-74000, Pakistan
Coordinates24°50′50.7″N 66°59′53.9″E / 24.847417°N 66.998306°E / 24.847417; 66.998306
Founded11 January 2016 (2016-01-11)
(Originally Karachi Stock Exchange founded on 18 September 1947)
OwnerChina 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 peopleShamshad Akhtar (Chairperson and Independent Director)
Farrukh H. Khan (CEO and Managing Director)
CurrencyPakistani rupee (₨) (PKR)
No. of listings523 (September 2023)[2]
Market capRs. 9.337 trillion (US$32 billion) (6 March 2024)[3]
VolumeRs. 16.591 billion (US$57 million) (6 March 2024)[3]
IndicesKSE 100 Index
KSE-30 Index
KSE ALL Index
KMI 30 Index
KMI ALL Index
Websitewww.psx.com.pk
dps.psx.com.pk

The Pakistan Stock Exchange (Urdu: بازارِ حِصَص پاکستان, abbreviated as PSX) is a stock exchange in Pakistan with trading floors in Karachi, Islamabad, and Lahore. The Lahore floor has a subfloor in Sialkot.[4][5] PSX was classified by MSCI as a frontier market on 8 September 2021.[6]

The PSX was established on 11 January 2016 after the merger of the Karachi Stock Exchange, Lahore Stock Exchange and Islamabad Stock Exchange.[7][8][9] As of January 2022, there are about 375 companies listed on the PSX with a total market capitalisation of PKR 7,756 billion (US$27 billion).[10]

Investors on the exchanges include 1,886 foreign institutional investors and 883 domestic institutional investors along with about 220,000 retail investors. There are also about 400 brokerage houses which are members of the PSX as well as 21 asset management companies.[11][12] One of the PSX's constituent stock exchanges, the Karachi Stock Exchange, was listed among the world's best performing frontier stock markets: between 2009 and 2015 it delivered an average 26% return annually.[13] In December 2016, PSX sold 40% strategic shares to a Chinese consortium for US$85 million.[14]

  1. ^ "Pakistan Stock Exchange Limited – | Psx | Exchange". www.psx.com.pk. Retrieved 26 November 2019.
  2. ^ Alam, Kazim (7 September 2023). "PSX chief hints at new wave of IPOs". DAWN.COM. Retrieved 17 March 2024.
  3. ^ a b "PSX ends on negative note". Business Recorder. 6 March 2024. Retrieved 17 March 2024.
  4. ^ "Pakistan Stock Exchange formally launched". Dawn. Pakistan. 11 January 2016. Retrieved 9 October 2022.
  5. ^ "Pakistan Stock Exchange formally launched | Pakistan Today". archive.pakistantoday.com.pk. 11 January 2016.
  6. ^ "MSCI Downgrades Pakistan to Frontier Market After Four Years". 7 September 2021 – via www.bloomberg.com.
  7. ^ "Ishaq Dar formally launches Pakistan Stock Exchange". www.thenews.com.pk. Retrieved 24 February 2022.
  8. ^ "PAKISTAN STOCK EXCHANGE STARTS FUNCTIONING - Channel 24". 11 January 2016. Retrieved 24 February 2022.
  9. ^ Akhtar, Adeel. "About Pakistan Stock Exchange (www.psx.com.pk)". www.ksestocks.com. Retrieved 16 June 2016.
  10. ^ "Pakistan Market Cap: PSX: All Shares | Economic Indicators | CEIC". www.ceicdata.com. Retrieved 24 February 2022.
  11. ^ "Pakistan Stock Exchange: a quantum leap for Pakistan's capital market". DailyTimes. Retrieved 22 February 2016.
  12. ^ "Stock exchange: Pakistan likely to win emerging market status". The Express Tribune. 10 June 2015. Retrieved 22 February 2016.
  13. ^ "KSE world's best performing frontier stock market: report". The Express Tribune. 3 June 2015. Retrieved 16 June 2016.
  14. ^ "PSX sells 40pc stake to Chinese consortium". DAWN.COM. 23 December 2016. Retrieved 24 December 2016.

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