ANNUAL REPORT 2015
FEDERATION OF EURO-ASIAN STOCK EXCHANGES
KARACHI STOCK EXCHANGE
KSE plans to introduce new products into the market, to further cater
to the growing needs of its investors and help develop Pakistan’s
capital markets.
Nadeem Naqvi
Managing Director
Karachi Stock Exchange’s main index, the KSE-100
rose by 27% in US terms during January 01, 2014.-
December 31, 2014 with market capitalization
reaching USD 73.5 billion. KSE 100 Index opened
at 25261 points on January 1, 2014 and closed at
32131 points, showing a gain of around 6870 points
over this period. The benchmark index touched
historical high of 32148 points on December 04,
2014. The average daily traded volume in the Ready
market for the Jan - Dec 2014 was 219 million
shares.
The market performance was driven not only by
the fundamental strength of the listed corporate
sector - where earnings grew by 19% in FY14
(nonfinancial companies with June Year End) and
RoE was 23% amongst the best in Asia - but also
valuation expansion as improving political and
macro economic climate led to reduction in risk
perceptions. The sharp fall in crude oil prices along
with inflation added further impetus to lower
interest rates and improved economic growth
which is valuation positive. Karachi Stock Exchange from January 2014. The
bull rally has continued in the new calendar year
2015 with KSE -100 index gained 7% up to June 30,
2015 and market capitalization reached at USD 73.8
billion
The average daily value traded of T+2 rose to
USD 93.4 million versus USD 76 million. During the
year six new companies raised equity and listed at
the Exchange with the listed capital of USD 268.39
million. In order to broaden the investor base,
Trading in Government Securities also started at KSE plans to introduce new products into the
market, to further cater to the growing needs of
its investors and help develop Pakistan’s capital
markets. KSE will be introducing new derivative
products - options, fixed income derivatives, etc
and introduction of SME board and cross border
listing, etc.
key HigHligHts Of tHe year
Companies and market capitalization
Number of listed companies
Domestic companies
Number of new listings
Domestic market capitalization (USD billion)
Trading
Value of share trading ( USD million)
Number of share traded (million)
Index
KSE 100 index
31.12.2013 31.12.2014
560
560
3
57.7 557
557
6
73.5
17,886
58,950.4 23,057
53,957.6
25,261 32,131.3
Introduction of New Products and New
Measures
“
Karachi Stock
Exchange’s main index,
the KSE-100 rose by
27% in US terms during
January 01, 2014 -
December 31, 2014 with
market capitalization
reaching USD 73.5
billion.
”
ABOUT KARACHI STOCK EXCHANGE
Established: 1947
Chairman: Muneer Kamal
Address: Stock Exchange Building
Stock Exchange Road Karachi - 74000
E: [email protected]
W: www.kse.com.pk
FULL MEMBERS
37