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 The Islamabad Stock Exchange (ISE) was incorporated as a guarantee limited Company on 25th October, 1989 in Islamabad Capital territory of Pakistan with the main object of setting up of a trading and settlement infrastructure, information system, skilled resources, accessibility and a fair and orderly market place that ranks with the best in the world. The purpose for establishment of the stock exchange in Islamabad was to cater to the needs of less developed areas of the northern part of Pakistan.
The ISE Towers comprise twin 22 storey towers with unique and inspiring amenities, offer futuristically and aesthetically designed offices with panoramic views, is being constructed over a piece of land measuring 5600 square yards in the heart of Islamabad at Jinnah Avenue (Blue Area) which is the hub of all business and commercial activities in Islamabad. The building is facing 400 feet wide Jinnah Avenue on one side and has another entrance from 100 feet wide Nazimuddin Road, besides breathtaking scenic view of the Margalla Hills and the city from the building.
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"To create value for our investors and listed companies through dynamic market operations, fair and transparent business practices and effective management."
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"To be the pre-eminent stock market in Pakistan and achieve market recognition both in terms of quality and delivery of our services."
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Pakistan Stock Exchange (PSX)
The Pakistan Stock Exchange (PSX), initially established as Karachi Stock Exchange (KSE), is a leading stock exchange located in Karachi, Pakistan. PSX is one of the prominent exchanges in South Asia and has grown significantly since its inception.
Key Information:
- Founded: 11 January 2016 (as PSX), previously Karachi Stock Exchange (1947)
- Location: Karachi, Pakistan
- Headquarters: Karachi-74000, Pakistan
- Revenue (2023): Rs. 1.464 billion (US$5.1 million)
- Net Income (2023): Rs. 219.589 million (US$760,000)
- Total Assets (2023): Rs. 13.036 billion (US$45 million)
- Total Equity (2023): Rs. 10.395 billion (US$36 million)
- Market Cap (December 2024): Rs. 14.587 trillion (US$51 billion)
- Number of Listings (2023): 523 companies
- Number of Employees (2023): 231
- Website: psx.com.pk
Ownership:
- China Financial Futures Exchange: 17%
- Shanghai Stock Exchange: 8%
- Shenzhen Stock Exchange: 5%
- Pak China Investor Company: 5%
- Habib Bank Limited: 5%
Indices:
- KSE 100 Index
- KSE-30 Index
- KSE ALL Index
- KMI 30 Index
- KMI ALL Index
History:
1947-2016: Karachi Stock Exchange
- Founded: 18 September 1947, Karachi Stock Exchange Limited (KSE)
- The exchange was located in Karachi’s business district at Stock Exchange Building.
- KSE played a major role in Pakistan’s financial market but was characterized by extensive market manipulation and unethical practices in its early years.
- The system used open outcry for trading until the early 1990s, after which the automated Karachi Automated Trading System (KATS) was introduced with the support of a $125 million loan from the Asian Development Bank.
- In 1999, the Securities and Exchange Commission of Pakistan (SECP) was established to regulate the capital markets.
- Despite reform efforts, manipulation and unethical practices continued into the early 2000s.
2016-Present: Pakistan Stock Exchange
- In January 2016, the three major exchanges of Pakistan (Karachi, Lahore, and Islamabad) merged to form the Pakistan Stock Exchange.
- The integration was aimed at reducing market fragmentation and attracting technological expertise and strategic partnerships.
- The Shanghai Stock Exchange became a major shareholder, holding a 40% stake in PSX.
- China Connect Interface: allows Chinese investors easier access to Pakistan’s stock markets.
PSX has become a vital player in the global financial market, continuing its modernization and growth to better serve both local and international investors.
Important Points:
- Transition from KSE to PSX: The merger in 2016 marked a significant milestone in Pakistan’s stock market history.
- Foreign Investments: The integration with China’s stock market has brought increased foreign investment opportunities.
- Challenges: Despite reform efforts, the exchange faced challenges in addressing manipulation and maintaining ethical practices during the early years.
For more details and live trading information, visit PSX’s official website.
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