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]