KSE 30 Index

The Karachi Stock Exchange has launched the KSE-30 Index with base value of 10,000 points, formally implemented from Friday, September 1, 2006.[1]

The main feature of this index that makes it different from other indices are:

  • KSE-30 index is based only on the free-float of shares, rather than on the basis of paid-up capital.[2][3]
  • The other indices in Karachi Stock Exchange represents total return of the market. That is, when a company announces a dividend, the other indices at KSE are not reduced/adjusted for that amount of dividend (whether cash or bonus).Whereas, KSE-30 Index is adjusted for dividends and right shares.

At the end of 24 December 2014, KSE-30 Index reached its highest ever level of 20,830.07.

See also

References
  1. "What is KSE-30 Index". capital.com. Retrieved 2020-04-30.
  2. "No, the stock market is not an accurate indicator of the economy". Profit by Pakistan Today. 22 August 2021.
  3. "Pakistan Stock Exchange Limited - | PSX | Product And Services | Indices". Pakistan Stock Exchange Limited. Retrieved 2020-04-30.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.