| Karachi Stock Exchange | |
|---|---|
 | |
| Type | Stock Exchange |
| Location | Karachi, Pakistan |
| Owner | Karachi Stock Exchange Limited |
| Key people | Adnan Afridi, CEO |
| Currency | PKR |
| No. of listings | 671 |
| MarketCap | US$ 73 billion |
| Volume | US$ 12 billion |
| Indexes | KSE 100 Index KSE-30 Index |
| Website | www.kse.com.pk |
The Karachi Stock Exchange or KSE is a stock exchange located in Karachi, Sindh, Pakistan. Founded in 1947, it is Pakistan's largest and oldest stock exchange, with many Pakistani as well as overseas listings. Its current premises are situated on Stock Exchange Road, in the heart of Karachi's Business District.
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History
Karachi Stock Exchange is the biggest and most liquid exchange in Pakistan. It was declared the “Best Performing Stock Market of the World for the year 2002”. As on May 30, 2008, 654 companies were listed with a market capitalization of Rs. 3,746.203 billion (US$ 56.334 billion) having listed capital of Rs. 705.873 billion (US$ 10.615 billion). The KSE 100TM Index closed at 12130.51 on May 30, 2008.
Business
Trading
The exchange has pre-market sessions from 09:15am to 09:30am and normal trading sessions from 09:30am to 03:30pm. It is the second oldest stock exchange in South Asia.[1] The karachi stock exchange has undergone a considerable deal of downturn partly due to global financial crisis and partly on account of domestic troubles. It remained suspended in excess of 4 months and resumed normal trading only on December 15,2008. The KSE 100 Index and KSE 30 Index after hitting the low around mid january has now rebounced and recovered 20-25% till March 12th 2009.
Growth
The KSE is the biggest and most liquid exchange in Pakistan and in 2002 it was declared as the “Best Performing Stock Market of the World” by Business Week. As of December 20, 2007, 671 companies were listed with the market capitalization of Rs. 4364.312 billion (US$ 73 Billion) having listed capital of Rs. 717.3 billion (US$ 12 billion). On December 26, 2007, the KSE 100 Index reached its ever highest value and closed at 14,814.85 points.
Foreign buying interest had been very active on the KSE in 2006 and continued in 2007. According to estimates from the State Bank of Pakistan, foreign investment in capital markets total about US$523 Million. According to a research analyst in Pakistan, around 20pc of the total free float in KSE-30 Index is held by foreign participants.
KSE has seen some fluctuations since the start of 2008. One reason could be that it is the election year in Pakistan, and stocks are expected to remain dull. KSE has set an all time high of 15,000 points, before settling around the 14,000 mark.
Karachi stock exchange Board of Directors has recently (2007) announced plans to construct a 40 story high rise KSE building, as a new direction for future investment.
Disputes between investors and members of the Exchange are resolved through deliberations of the Arbitration Committee of the Exchange.
KSE began with a 50 shares index. As the market grew a representative index was needed. On November 1st, 91 the KSE-100 was introduced and remains to this day the most generally accepted measure of the Exchange. Karachi Stock Exchange 100 Index (KSE-100 Index) is a benchmark used to compare prices overtime, companies with the highest market capitalization are selected. To ensure full market representation, the company with the highest market capitalization from each sector is also included.
In 1995 the need was felt for an all share index to reconfirm the KSE-100 and also to provide the basis of index trading in future. On August the 29th, 1995 the KSE all share index was constructed and introduced on September 18, 1995.
2008 Karachi Stock Exchange Crisis
- April 20 : Karachi Stock Exchange achieved a major milestone when KSE-100 Index crossed the psychological level of 15,000 for the first time in its history and peaked 15,737.32 on 20 April, 2008. Moreover, the increase of 7.4 per cent in 2008 made it the best performer among major emerging markets.[2] [3]
- May 23: Record high inflation in the month of May, 2008 resulted in the unexpected increase in the interest rates by State Bank of Pakistan which eventually resulted in sharp fall in Karachi Stock Exchange.[4] [5]
- July 17 :Angry investors attacked the Karachi Stock Exchange in protest at plunging Pakistani share prices. [6] [7]
- July 16 : KSE-100 Index dropped one-third from an all-time high hit in April, 2008 as rising pressure on shaky Pakistan's coalition government to tackle Taliban militants exacerbates concern about the country's economic woes. [8]
- August 18: KSE 100 Index rose more than 4% after the announcement of the resignation of President Pervez Musharraf but Credit Suisse Group said that Pakistan's Post-Musharraf rally in Stock Exchange will be short-lived because of a rising fiscal deficit and runaway inflation. [9] [10]
- August 28 :Karachi Stock Exchange set a floor for stock prices to halt a plunge that has wiped out $36.9 billion of market value since April. [11]
- December 15: Trading resumes after the removal of floor on stock prices that was set on August 28 to halt sharp falls. [12]
See also
- KSE 100 Index.
- Lahore Stock Exchange.
- Islamabad Stock Exchange.
- Economy of Pakistan
- Economy of Karachi
- List of Pakistani companies
- List of stock exchanges
References
- ^ Market Hours, Karachi Stock Exchange via Wikinvest
- ^ Karachi Stock Exchange reaches record high - Gulf News
- ^ Monster & Critics
- ^ Pakistan Stocks Slump, Led by Banks, After Unexpected Rate Rise - Bloomberg
- ^ Billions wiped off on KSE’s ‘black Friday’ - Dawn.com
- ^ Protest over Pakistan share slump - BBC News
- ^ Pakistani Investors Stone Exchange as Stocks Plunge - Bloomberg
- ^ Forbes.com
- ^ Pakistan shares up on resignation - BBC News
- ^ Pakistan's Post-Musharraf Rally Will Falter, Credit Suisse Says - Bloomberg
- ^ Pakistan Stock Index Is Little Changed; Trading Limits Remain Bloomberg
- ^ Pakistan’s Stock Index Falls to 2-Year Low After Lifting Curbs - Bloomberg
External links
- Karachi Stock Exchange Website
- Fund Managers Resource
- A Memorable Year for Pakistani bourses, Dawn, Dec. 31, 2002
- Who parented the stock market boom?, Dawn, Jan. 20, 2003
Osaka Securities Exchange
Osaka Securities Exchange
From Wikipedia, the free encyclopedia
| Type | Privately-held K.K. |
|---|---|
| Founded | June 1878 |
| Headquarters | Osaka,  Japan |
| Key people | Michio Yoneda (Chairman/CEO) |
| Industry | Financial |
| Products | Securities exchange |
| Employees | 207 |
| Website | http://www.ose.or.jp/e/index.html |
The Osaka Securities Exchange Co., Ltd. (株式会社大阪証券取引所 Kabushiki-gaisha Ōsaka Shōken Torihikijo, OSE) (Hercules: 8697) is the second largest securities exchange in Japan, in terms of amount of business handled. As of 31 December 2007, the Osaka Securities Exchange had 477 listed companies with a combined market capitalization of $212 billion.[1] The Nikkei 225 Futures, introduced at the Osaka Securities Exchange in 1988, is now an internationally recognized futures index. In contrast to the Tokyo Securities Exchange, which mainly deals in spot trading, the Osaka Securities Exchange’s strength is in derivative products today OSE is the leading Derivatives Exchange in Japan and it was the largest futures market in the world in 1990 and 1991. According to statistics from 2003, the Osaka Securities Exchange handled 59% of the stock price index futures market in Japan, and almost 100% of trading in the options market. Osaka Securities Exchange Co., which listed on its Hercules market for startups in April 2004 is the only Japanese securities exchange which went public on its own market.
In July 2006 OSE launched their newest futures contract the Nikkei 225 mini which is one tenth of the size of the original Nikkei 225 Futures contract and highly popular among Japanese individual investors. In September 2007 OSE established evening session for Stock Index Futures and Options.The trading hours is from 16:30 to 19:00 (JST. 7:30-10:00 in UTC).[2]
Contents
New York Stock Exchange
New York Stock Exchange
 | This article may require cleanup to meet Wikipedia's quality standards. Please improve this article if you can. (November 2008) |
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| New York Stock Exchange | |
|---|---|
 | |
 | |
| Type | Stock exchange |
| Location | New York City, New York, United States |
| Coordinates | 40°42′24″N 74°00′41″W / 40.70667°N 74.01139°W |
| Owner | NYSE Euronext |
| Key people | Duncan Niederauer (CEO) |
| Currency | United States dollar |
| No. of listings | 2,773 |
| MarketCap | US$25 trillion (2006) |
| Volume | US$22 trillion (2006) |
| Indexes | NYSE Composite Dow Jones Industrial Average |
| Website | www.nyse.com |
| New York Stock Exchange | |
|---|---|
| U.S. National Register of Historic Places | |
| U.S. National Historic Landmark | |
 Front Elevation of New York Stock Exchange | |
  | |
| Location: | New York, NY |
| Coordinates: | 40°42′24.21″N 74°0′41.6″W / 40.706725°N 74.011556°W |
| Built/Founded: | 1903 |
| Architect: | Trowbridge & Livingston; George B. Post |
| Architectural style(s): | Classical Revival |
| Governing body: | Private |
| Added to NRHP: | June 2, 1978[1] |
| Designated NHL: | June 2, 1978[2] |
| NRHP Reference#: | 78001877 |
New York Stock Exchange is an equity (stock) exchange located at 11 Wall Street in lower Manhattan, New York, USA). It is the largest stock exchange in the world by dollar value of its listed companies' securities.[3] As of October 2008, the combined capitalization of all domestic New York Stock Exchange listed companies was US$10.1 trillion.[4]
The NYSE is operated by NYSE Euronext, which was formed by the NYSE's 2007 merger with the fully-electronic stock exchange Euronext. The NYSE trading floor is located at 11 Wall Street and is composed of four rooms used for the facilitation of trading. A fifth trading room, located at 30 Broad Street, was closed in February 2007. The main building, located at 18 Broad Street, between the corners of Wall Street and Exchange Place, was designated a National Historic Landmark in 1978,[5] as was the 11 Wall Street building.[2][6][7]
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Istanbul Stock Exchange
Istanbul Stock Exchange
 | |
| Type | Public |
|---|---|
| Founded | 1866-1986 |
| Headquarters |  Istanbul, Turkey |
| Key people | Hüseyin Erkan,CEO-Chairman |
| Industry | Financial |
| Products | Stocks |
| Website | ise.org |
The Istanbul Stock Exchange (ISE)[1] (Turkish: İstanbul Menkul Kıymetler Borsası, İMKB) is the only corporation in Turkey for securities exchange established to provide trading in equities, bonds and bills, revenue-sharing certificates, private sector bonds, foreign securities and real estate certificates as well as international securities. The ISE was founded as an autonomous, professional organization in early 1986. It is situated in a modern building complex in Emirgan, on the European side of Istanbul since May 15, 1995. The Chairman and Chief Executive Officer of the ISE is Hüseyin Erkan who was appointed by the government on November 2, 2007.
ISE is home to 320 national companies. Trading hours are 09:30-12:00 for the first session and 14:00-17:00 for the second session, on workdays. All ISE members are incorporated banks and brokerage houses.
ISE price indices are computed and published throughout the trading session while the return indices are calculated and published at the close of the session only. The indices are: ISE National-All Shares Index, ISE National-30, ISE National-50, ISE National-100, Sector and sub-sector indices, ISE Second National Market Index, ISE New Economy Market Index and ISE Investment Trusts Index. The ISE National-100 Index contains both the ISE National-50 and ISE National-30 Index and is used as a main indicator of the national market.
Hong Kong Stock Exchange
Hong Kong Stock Exchange
| Hong Kong Stock Exchange | |
|---|---|
 | |
| Type | Stock exchange |
| Location | Central, Hong Kong |
| Currency | Hong Kong dollar |
| Indexes | Hang Seng Index |
| Website | hkex.com.hk |
The Hong Kong Stock Exchange (traditional Chinese: 香港交易所, also 港交所 (HKEX), SEHK: 0388) is the stock exchange of Hong Kong. The exchange has predominantly been the main exchange for Hong Kong where shares of listed companies are traded. It is Asia's third largest stock exchange in terms of market capitalization, behind the Tokyo Stock Exchange and the Shanghai Stock Exchange. As of 31 December 2007, the Hong Kong Stock Exchange had 1,241 listed companies with a combined market capitalization of $2.7 trillion.[1] Hong Kong Exchanges and Clearing is the holding company for the exchange.
History
The history of the securities exchange began formally in the late 19th century with the first establishment in 1891, though informal securities exchanges have been known to take place since 1861[2]. The exchange has predominantly been the main exchange for Hong Kong despite co-existing with other exchanges at different point in time. After a series of complex mergers and acquisitions, HKSE remains to be the core. From 1947 to 1969 the exchange monopolized the market
