The Pakistan Stock Exchange (PSX) is the stock exchange of Pakistan with trading floors in Karachi, Islamabad and Lahore. PSX was reclassified as a MSCI Emerging Market in May 2017. While, the FTSE classifies PSX as a Secondary Emerging Market.
PSX was established on 11 January 2016 after the merger of individual stock exchanges of Karachi, Lahore and Islamabad. PSX’s origin’s where laid with the establishment of the Karachi Stock Exchange in 1947, the Lahore Stock Exchange in 1970 and the Islamabad Stock Exchange in 1992. As of February 23, 2018, there are 559 companies listed in PSX and the total market capitalisation is $84 billion.
The investors on the exchanges include 1,886 foreign institutional investors and 883 domestic institutional investors along with about 0.22 million retail investors. There are also about 400 brokerage houses which are members of the PSX as well as 21 asset management companies.[PSX is among the world’s best performing stock market’s, between 2009 and 2015 it delivered a 26% a year. In December 2016, PSX sold 40% strategic shares to a Chinese consortium for $85 million.
Karachi Stock Exchange
Founded on 18 September 1947, Karachi Stock Exchange Limited (KSE) was registered in Pakistan. The Karachi Stock Exchange Limited (KSE), was a stock exchange located at the Stock Exchange Building (SEB) on Stock Exchange Road, in the heart of Karachi’s Business District, I. I. Chundrigar Road, Karachi, Sindh Province of Pakistan. It was Pakistan’s largest and one of the oldest stock exchange in South Asia. Karachi Stock Exchange was also listed among 10 best stock markets in the world in 2015. According to Bloomberg, the Pakistani benchmark stock market index is the third-best performer in the world since 2009.
Lahore Stock Exchange
Islamabad Stock Exchange Toweris now the office of PSX
Lahore Stock Exchange is located in Lahore, Pakistan. It was formally inducted into the national Pakistan Stock Exchange on 11 January 2016. The Lahore Stock Exchange (Guarantee) Limited came into existence in October 1970, under the Securities and Exchange Ordinance of 1969 by the Government of Pakistan in response to the needs of the provincial metropolis of the province of Punjab. It initially had 83 members and was housed in a rented building in the crowded Bank Square area of Lahore.
Islamabad Stock Exchange
Islamabad Stock Exchange or ISE was the youngest of the three stock exchanges of Pakistan and is located in the capital of Pakistan. Islamabad stock exchange (ISE) was incorporated as a guarantee-limited company on 25 October 1989 in Islamabad. ISE tower is a 22-storey building, which makes it the second highest building of Islamabad after the Telecom Tower. Area covered by the building is 562,629 sq ft (52,269.9 m2), it consists of three levels of basements and ground plus 18 floors above.
