FEAS Yearbook FEAS Yearbook 2015 | Page 39

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