KSE 30 Index explained

KSE-30 Index
Operator:Pakistan Stock Exchange (PSX)
Symbol:KSE30
Constituents:30
Cap Level:Large cap
Weighting:free float methodology

The KSE-30 Index is a stock market index which tracks the performance of the top 30 most liquid companies listed on the stock exchanges in Pakistan.[1] The index is based on a free float methodology[2] in differentiation to other indices based of paid-up capital.[3]

The KSE-30 Index was launched and implemented by the Karachi Stock Exchange in 2006.[4] In 2016, the Karachi Stock Exchange was merged with the Lahore Stock Exchange and Islamabad Stock Exchange to the Pakistan Stock Exchange (PSX).[5] In 2016, the PSX announced a change in the KSE-30 index, stating that it would only cover the top thirty companies. The index will be re-composed twice a year.[4]

See also

External links

Notes and References

  1. News: PSX re-composes KSE-30 Index: six companies make the switch . 26 August 2023 . Mettis Global Link . 1 August 2023 . en.
  2. Web site: KSE - 30 INDEX . Pakistan Stock Exchange Ltd . PSX . 26 August 2023 . 3 . en.
  3. News: Shahid . Ariba . No, the stock market is not an accurate indicator of the economy . 26 August 2023 . Profit by Pakistan Today . 22 August 2021 . en.
  4. News: What is KSE-30 Index . 26 August 2023 . Capital.com . en.
  5. Web site: Ishaq Dar formally launches Pakistan Stock Exchange. 2022-02-24. www.thenews.com.pk. en.