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KARACHI SE FUTURE OUTLOOK 2010
Future Outlook
FUTURE OUTLOOK
Karachi Stock Exchange CEO Message
Karachi SE Future Outlook 2008
| Official 12 Month Statistics |
|
 |
| |
US$ Millions |
# Shares Millions |
| Total Volume |
Avg. Daily Volume |
Total Volume |
Avg. Daily Volume |
| Stocks |
| 8/2009 |
2,090.5884
|
104.5294
|
3,233.2500
|
161.6625
|
| 9/2009 |
3,135.9929
|
165.0523
|
5,133.0750
|
270.1618
|
| 10/2009 |
2,922.8898
|
132.8586
|
4,959.2000
|
225.4182
|
| 11/2009 |
1,502.6032
|
83.4780
|
2,449.3900
|
136.0772
|
| 12/2009 |
1,354.5821
|
64.5039
|
2,753.1100
|
131.1005
|
| 1/2010 |
1,984.3742
|
99.2187
|
4,038.0100
|
201.9005
|
| 2/2010 |
1,235.2639
|
65.0139
|
3,382.6100
|
178.0321
|
| 3/2010 |
1,714.1034
|
77.9138
|
3,861.4900
|
175.5223
|
| 4/2010 |
1,757.2106
|
79.8732
|
4,814.3000
|
218.8318
|
| 5/2010 |
949.1074
|
45.1956
|
2,365.1300
|
112.6252
|
| 6/2010 |
982.8383
|
44.6745
|
3,103.0500
|
141.0477
|
| 7/2010 |
791.1562
|
35.9616
|
1,741.5900
|
79.1632
|
| TOTAL |
20,420.7104
|
82.3416
|
41,834.2050
|
168.6863
|
| Bonds |
| 8/2009 |
0.0000
|
0.0000
|
0.0000
|
0.0000
|
| 9/2009 |
0.0000
|
0.0000
|
0.0000
|
0.0000
|
| 10/2009 |
0.0000
|
0.0000
|
0.0000
|
0.0000
|
| 11/2009 |
3.2821
|
0.1823
|
0.0652
|
0.0036
|
| 12/2009 |
1.1052
|
0.0526
|
0.0200
|
0.0010
|
| 1/2010 |
1.0717
|
0.0536
|
0.0186
|
0.0009
|
| 2/2010 |
0.0000
|
0.0000
|
0.0000
|
0.0000
|
| 3/2010 |
0.0012
|
0.0001
|
0.0000
|
0.0000
|
| 4/2010 |
0.5732
|
0.0261
|
0.0100
|
0.0005
|
| 5/2010 |
1.1133
|
0.0530
|
0.0180
|
0.0009
|
| 6/2010 |
0.0479
|
0.0022
|
0.0008
|
0.0000
|
| 7/2010 |
0.0000
|
0.0000
|
0.0000
|
0.0000
|
| TOTAL |
7.1948
|
0.0290
|
0.1327
|
0.0005
|
| Other |
| 8/2009 |
0.0000
|
0.0000
|
0.0000
|
0.0000
|
| 9/2009 |
0.0000
|
0.0000
|
0.0000
|
0.0000
|
| 10/2009 |
0.0000
|
0.0000
|
0.0000
|
0.0000
|
| 11/2009 |
0.0000
|
0.0000
|
0.0000
|
0.0000
|
| 12/2009 |
0.0000
|
0.0000
|
0.0000
|
0.0000
|
| 1/2010 |
0.0000
|
0.0000
|
0.0000
|
0.0000
|
| 2/2010 |
0.0000
|
0.0000
|
0.0000
|
0.0000
|
| 3/2010 |
0.0000
|
0.0000
|
0.0000
|
0.0000
|
| 4/2010 |
0.0000
|
0.0000
|
0.0000
|
0.0000
|
| 5/2010 |
0.0000
|
0.0000
|
0.0000
|
0.0000
|
| 6/2010 |
0.0000
|
0.0000
|
0.0000
|
0.0000
|
| 7/2010 |
0.0000
|
0.0000
|
0.0000
|
0.0000
|
| TOTAL |
0.0000
|
0.0000
|
0.0000
|
0.0000
|

| 5 Year Statistical Comparison |
|
 |
| |
2006 |
2007 |
2008 |
2009 |
YTD 2010 |
|
Number of Companies |
652
|
654
|
653
|
651
|
652
|
|
Market Capitalization (US$*) |
45502.692
|
70006.6255
|
23617.521
|
32098.2186
|
34389.2525
|
|
Total Vol.-Stocks (US$*) |
145801.5948
|
137904.1932
|
74421.0179
|
22585.974
|
9414.054
|
|
Total Vol.-Stocks (# Shares*) |
70103.56
|
77977.126
|
41658.115
|
44713.915
|
23306.18
|
|
Avg. Daily Vol.-Stocks (US$*) |
604.9859
|
565.1811
|
300.0847
|
91.8129
|
63.6085
|
|
Avg. Daily Vol.-Stocks (# Shares*) |
290.8861
|
319.5784
|
167.9763
|
181.7639
|
157.4742
|
|
Total Vol.-Bonds (US$*) |
0.0054
|
2.7558
|
0.0017
|
4.3874
|
2.8074
|
|
Total Vol.-Bonds (# Shares*) |
0.0001
|
0.0336
|
0
|
0.0852
|
0.0474
|
|
Avg. Daily Vol.-Bonds (US$*) |
0
|
0.0113
|
0
|
0.0178
|
0.019
|
|
Avg. Daily Vol.-Bonds (# Shares*) |
0
|
0.0001
|
0
|
0.0003
|
0.0003
|
|
Total Vol.-Other (US$*) |
0
|
0
|
0
|
0
|
0
|
|
Total Vol.-Other(# Shares*) |
0
|
0
|
0
|
0
|
0
|
|
Avg. Daily Vol.-Other (US$*) |
0
|
0
|
0
|
0
|
0
|
|
Avg. Daily Vol.-Other (# Shares*) |
0
|
0
|
0
|
0
|
0
|
|
Monthly Avg. Turnover Ratio |
0.267
|
0.1642
|
0.2626
|
0.0586
|
0.0391
|
|
Index |
10040.5
|
14075.83
|
5865.01
|
9386.62
|
10519.02
|
|
Currency/US$ |
60.9
|
61.85
|
78.7
|
84.3
|
85.75
|
* in millions

| Practices & Procedures |
| Days |
Monday-Friday
|
| Hours |
Monday - Thursday: 09:45 - 14:15 Friday: 09:30-12:00 / 14:30 - 16:00
|
| Market segmentation |
4 market segments
|
| System |
Automated, depository link, data dissemination, reporting facilities, WAN
|
| Mechanisms |
Bid offer matching
|
| Market-maker/ Specialists |
No
|
| Instruments |
Ordinary shares, Modaraba Certificates, Preference Shares, TFCs, Government Bonds / Securities
|
| Currency |
Local
|
| Real time information |
Best bid/ask, last price, last volume, total volume, listed company announcement
|
| Central Depository |
Yes
|
| Period |
T+1, T+2 and Future Contracts
|
| Registered |
Yes
|
| Settlement |
Book entry and Physical
|
| Clearing |
Netting
|
| DVP |
Yes, full DVP
|
| Clearing Institution |
Yes, wholly owned, National Clearing & Settlement System operating since Dec 2001.
|
| Risk Sharing |
Yes
|
| Margin/Lending |
Yes/No
|
| Custodians |
Institutional investors, brokerage houses, banks, exchange members, associate members of the Clearing House
|
| Cash Dividends |
10%
|
| Interest Income |
10%
|
| Capital Gains |
Exempted until 2008
|
| Legal |
Company limited by Guarantee, without share capital
|
| Regulation |
Self
|
| Securities market regulations |
Securities & Exchange Ordinance 1969 and Rules framed thereunder Companies ordinance 1984
|
| Trading rules |
Each trading segment has its own trading rules
|
| Surveillance |
Yes
|
| Corporate actions |
Centralized
|
| Trading halts regulations |
Yes
|
| Investor protection |
Yes
|
| Foreign investors |
Alllowed, No restrictions
|
| Investment limitations |
No limitations on the extent of foreign ownership stake in life insurance companies. However, as per WTO, SBP permission required in case of transfering 5% or more shares of bank or financial institution. There is no limit for holding shares for trading purposes.
|
| Repatriation |
N/A
|
| Minimum Listing Requirements |
| |
Market |
| Minimum Paid-In Capital |
Minimum paid up capital of Rs.200 million for a company seeking listing
|
| Years of Business Activity |
No requirement for issuance of shares at par |
| Capitalization of Issue |
At least Rs. 50 million (appx. US$855,000) |
| Free Float |
N/A |
| Free Float Ratio |
50% of its capital is under Rs 200 million, greater than 25% or Rs 100 million, whichever is higher, if the capital is above Rs 200 million |
| Minimum # of Shareholders |
500 |
| Minimum Years of Positive Financial Results |
N/A |
| # Prior Years Audited Financial Accounts |
N/A |
| # Times Dividends Distributed in Last 3 Years |
N/A |
| Whole Class of Securities to be Issued |
N/A |
| Listing Agreement with Central Depository |
Yes |
| Prospectus |
Yes |
| Special Requirements |
Yes |
|
 |

| Contact Information |
 |
 |
| Director |
Mr Adnan Afridi |
|
md@kse.com.pk |
| Address |
K. S. E. Building, Stock Exchange Rd. OffI. I. Chundrigar Road Karachi 74000 PAKISTAN |
| Telephone |
(92) 21-2441499 |
| Fax |
(92) 21-2410825 |
| Contact Person |
Mr. Haroon Askari |
|
ha@kse.com.pk |
|
(92) 21-111-001-122 |
|
(92) 21-241 0825 |
| Website |
http://www.kse.com.pk |
| Calendar of Holidays |
 |
| 2010 Public Holidays for Pakistan |
| No data available |
|
| Market Capitalization & Index |
|
| |
Market Capitalization US$ Millions |
Index |
| 8/2009 |
30,565.2930
|
8,675.6700
|
| 9/2009 |
32,719.7765
|
9,349.6800
|
| 10/2009 |
31,747.8594
|
9,159.1800
|
| 11/2009 |
31,816.8051
|
9,206.2100
|
| 12/2009 |
32,098.2186
|
9,386.6200
|
| 1/2010 |
32,632.4210
|
9,614.1900
|
| 2/2010 |
32,590.7301
|
9,657.7900
|
| 3/2010 |
34,323.2787
|
10,178.4300
|
| 4/2010 |
35,050.0146
|
10,428.1200
|
| 5/2010 |
31,010.9546
|
9,326.4200
|
| 6/2010 |
31,920.2525
|
9,721.9100
|
| 7/2010 |
34,389.2525
|
10,519.0200
|
| Featured Charts |
 |
Volume (US$ Millions)
Index
|
| Related Links |
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