FEAS Yearbook FEAS Yearbook 2014 | Page 65

FEDERATION OF EURO-ASIAN STOCK EXCHANGES ANNUAL REPORT JUNE 2013 LAHORE STOCK EXCHANGE HISTORY AND DEVELOPMENT FUTURE OUTLOOK Lahore Stock Exchange, established in October 1970, is a fast emerging market in the country. Currently, it is considered as second largest stock exchange with a market share of around 12-15% in terms of daily traded volumes, however, the way it is catching up on the back of enormous economic growth in the provincial capital the outlook of Lahore Stock Exchange giving a signal of gaining position of tilting balance in its favor. Currently, LSE has 506 companies, spanning 37 sectors of the economy, that are listed on the Exchange with total listed capital of Rs. 845 billion having market capitalization of Rs. 2.7 trillion as of date. We have 152 members of whom 113 are corporate and 39 are individual members. • Corporatization and Demutualization of the Exchange. • Setting up a Disaster Recovery site at an internationally certified data center. • Web based Trading Portal. • Advanced Trading Terminal with integrated market intelligence. • Introduction of Market Makers to improve liquidity and increase market depth. • Launching of continuous trading session “After-Hours Trading”. • Introduction of Multi Trades Access System for order routing through gateway connectivity. • To enhance participation of Financial Institution, Mutual Funds and Foreign Investors. • Launching new products like Options, Stock Index Futures, Dividend Futures, and Call Warrants. An overview of the measures that have taken place at LSE over the past few years as part of its ongoing development plans and reforms portrays a number of significant initiatives taken to improve the regulatory regime and the trading environment for the benefit of Institutional Investors as well as listed companies. • To achieve target to improve & develop internal software and technology at the international standard. • Launching of Mobile Trading. • Listing of global stock markets Indices at the Exchange. • To establish & Implement trading platform for the Exchange Companies, Agri- Commodities. • To promote Financial Literacy Initiative - Campus Outreach Program. • To put Investor Relations in to practice. CONTACT INFORMATION Contact Name Mr. Farid Malik E-mail [email protected] Website www.lahorestock.com * Please refer to page 54 for the Pakistan country report. PAGE 65