KSE 100 Index
What is the KSE 100 index?
The Karachi Stock Exchange 100 index, commonly known as the KSE 100 index, is the main stock index that is used as a benchmark to compare prices on the Pakistani Stock Exchange over the course of a certain period of time.
Where have you heard about the KSE 100 index?
The index was established in November of 1991 and had a base of 1,000 points. By February 2007 it had reached an impressive 12,285 points, eventually reaching its highest benchmark of 14,814 points on the 26th December 2007.
What you need to know about the KSE 100 index.
In April of 2008 the KSE 100 Index reached a major point in its history, when it exceeded 15,000 points for the first time ever and peaked at 15,737.32 later that month, making it the best performer from the major emerging markets. However, in May of the same year a sharp spike in interest rates resulted in a sharp fall in the Karachi Stock Exchange, provoking angry protests from investors. By August the plunge had wiped out $36.9 of market value, forcing the exchange to set a standard floor for stock prices before resuming trading as usual at the end of the year.