KSE 100 Index

Karachi Stock Exchange 100 Index (KSE-

100 Index) is a stock index acting as a
benchmark to compare prices on the
Pakistan Stock Exchange (PSX) over a
period. In determining representative
companies to compute the index on,
companies with the highest market
capitalization are selected. However, to
ensure full market representation, the
company with the highest market
capitalization from each sector is also
included.
KSE 100 Index
Foundation 1991

Operator Karachi Stock

Exchange Limited

Exchanges Pakistan Stock

Exchange

Constituents 100

Type Large

Weighting method Capital weighted index

Website www.kse.net.pk

History
1991-2006 (Steady growth)

The index was launched in November

1991 with a base of 2,000 points. By
February 2007, it had skyrocketed to
12,285 points.[1]

2007 (Record breaking

growth)

KSE-100 index touched the highest ever

benchmark of 14,814 points on
December 26, 2007, a day before the
assassination of former Prime Minister
Benazir Bhutto, when the index
nosedived.[2]

2008 Global 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.[3][4]
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.[5][6]
July 17 :Angry investors attacked the
Karachi Stock Exchange in protest at
plunging Pakistani share prices.[7][8]
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.[9]
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.[10][11]
 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.[12]
December 15: Trading resumes after
the removal of floor on stock prices
that was set on August 28 to halt
sharp falls.[13]

2009-2010 (Quick recovery)

The index recovered quickly in 2009 and

2010 reaching new highs.

2011-2012 (Best emerging

market)
As at 7 November 2012 index recorded
highest level of 16,218 points and now
KSE is being considered as a best
emerging market in Asia with returns in
financial year 2011-2012 up to 40%-50%.

2013-2014( post-elections)

As of April the 30th KSE-100 Index

recorded a new increase in its value
standing at 28,913 points, that is more
than 45.2% since the last fiscal year of
2012-2013.[14]

2016 (Reaching new heights)

By the month of June, KSE-100 was in

positive conditions and it achieved
38,777 points on 17 June 2016.[15]

2017 (All-time high)

In January 2017, the stock market hit the

all-time high of 49,969 points. On 13
February, it stands at 49,876 points.[16]

Following Britain's decision to leave EU

on 24 June, KSE went down by 1,100
points (3.1 percent) as stock markets
went in turmoil with investors now
investing in safe havens like gold and
government bonds.[17]

Top 10 KSE 100 Index

companies
The following is a list of the ten
companies with the highest market
capitalization volume and their
respective weightages in the index. The
companies account for over 74% of the
KSE index, as of 9 July 2013:[18]
 Market
Company Weight Capitalizat
Number
Name (%) (PKR
Millions)
Oil and Gas
1 Development 16.21 147,193
Company
MCB Bank
2 11.64 105,729
Limited
Fauji
Fertilizer
3 8.86 80,490
Company
Limited
Pakistan
4 8.76 79,521
Petroleum
5 Pakistan 6.31 57,352
 Oilfields
Hub Power
6 6.16 55,987
Company
Engro
7 4.35 39,551
Corporation
8 United Bank 4.35 39,473
Pakistan
9 4.14 37,644
State Oil
Lucky
10 3.41 30,956
Cement

Market indices
KSE began with a 50 shares index. As the
market grew, a representative index was
needed. On November 1, 1991, the KSE-
100 was introduced and remains to this
date the most generally accepted
measure of the Exchange. The KSE-100
is a capital weighted index and consists
of 100 companies representing about 90
percent of market capitalization of the
Exchange.

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 29, 1995, the KSE all
share index was constructed and
introduced on September 18, 1995.

The KSE 100 index reached its highest

ever 50,887 points in Jan, 2017.

See also
 KSE-30 Index

References
1. KSE Index Monthly Report State Bank
of Pakistan, February 2007
2. Record-breaking spree at KSE on better
earnings’ expectations Daily Times,
December 27, 2007
3. Karachi Stock Exchange reaches record
high - Gulf News
4. Monster & Critics Archived 2012-03-
07 at the Wayback Machine.
5. Pakistan Stocks Slump, Led by Banks,
After Unexpected Rate Rise - Bloomberg
6. Billions wiped off on KSE’s ‘black
Friday’ - Dawn.com
7. Protest over Pakistan share slump -
BBC News
8. Pakistani Investors Stone Exchange as
Stocks Plunge - Bloomberg
9. Forbes.com
10. Pakistan shares up on resignation -
BBC News
11. Pakistan's Post-Musharraf Rally Will
Falter, Credit Suisse Says - Bloomberg
12. Pakistan Stock Index Is Little
Changed; Trading Limits Remain
Bloomberg
13. Pakistan’s Stock Index Falls to 2-Year
Low After Lifting Curbs - Bloomberg
14. [1]
15. [2]
16. [3]
17. [4]
18. "KSE 100 Index" . Karachi Stock
Exchange. Retrieved 9 July 2013.

External links
Bloomberg page for KSE100:IND
Official Website
BBC Market Data: KSE-100
Reuters page for .KSE

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