The Karachi Stock Exchange or KSE is a stock exchange located in Karachi, Sindh, Pakistan. It is Pakistan’s largest and oldest stock exchange, with many Pakistani as well as overseas listings. Currently located in Stock Exchange Building on Stock Exchange Road, in the heart of Karachi’s Business District, off I. I. Chundrigar Road
Founded in 1947, Karachi Stock Exchange (KSE) is the biggest and most liquid exchange in Pakistan. It was declared the “Best Performing Stock Market of the World for the year 2002”. A total of 654 companies were listed on December 8, 2009 with a market capitalization of Rs. 8.561 trillion (US$ 120.5 billion) having listed capital of Rs. 2805.873 billion (US$ 40.615 billion). The KSE-100 Index closed at 11,967 on May 16, 2011. Total market capitalisation of the KSE reached Rs 2.95 trillion (US$ 35 billion approximately) on July 30, 2011.
How to become a member
Membership of KSE is limited and fixed at 200 and prospective members have to purchase a seat from existing members. The price of the membership seat is freely negotiable between the buyers and sellers which varies according to the interaction of the forces of demand and supply. The KSE does not interfere with these transactions. However, the membership is allowed subject to fulfillment of criteria and qualification laid down by the Board.
Since June 1990, membership has been opened to corporate entities. Corporate members are required to have a minimum paid up capital of Rs. 20 million and are also subject to criteria fixed by the Board.
The Membership of KSE is also available to foreign entities provided that the Nominee Director of the company is a citizen of Pakistan.