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Dante Swang

Karachi Stock Exchange([http://www.kse.com.pk/])is the biggest and most liquid exchange and has been declared as the "Best Performing Stock Market of the World for the year 2002". As on June 29, 2007, 658 companies were listed with the market capitalization of Rs. 4,019.418 billion (US $ 66.16) having listed capital of Rs. 631.125 billion (US $ 10.39 billion). The KSE 100 Index closed at 13772.46 on June 29, 2007.

KSE has been well into the 4th year of being one of the Best Performing Markets of the world as declared by the international magazine "Business Week". Similarly the US newspaper, USA Today, termed Karachi Stock Exchange as one of the best performing bourses in the world.

Today KSE has emerged as the key institution of the capital formation in Pakistan with:-

• Listed companies 658
• Securities listed on the exchange 699: ordinary share 658.
• Preference shares 15 and debt securities (TFC's) 26.
• Listed capital Rs.631,125.55 million (US$ 10,388.90 million).
• Market capitalization Rs.4,019,418.17 million (US$ 66,163.26 million).
• Average daily turnover 262.48 million shares with average daily trade value
• Rs.24,865.21 million (US$ 409.30 million).
• Membership strength at 200.
• Corporate Members are 167 out of which 9 are public listed companies.
• Active Members are 164.
• Fully automated trading system with T+3 settlement cycle.
• Deliveries through central depository company.
• National Clearing and Settlement System in place.

The market performing during the period June 1998 to June 29, 2007 is given under.

DECADEWISE PROGRESS YEAR NO. OF LISTED COMPANIES LISTED CAPITAL (Rs. in million) MARKET CAPITALISATION (Rs. in million) 1950 15 117.3 - 1960 81 1,007.7 1,871.4 1970 291 3,864.6 5,658.1 1980 314 7,630.2 9,767.3 1990 487 28,056.0 61,750.0 2000 762 236,458.5 382,730.4

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