What is the KSE-30 index?
The KSE-30 index is an index launched by the Karachi Stock Exchange (KSE) in 2006, based only on the free float of shares. It is an augmented version of the traditional KSE index – the main stock index used as a benchmark to compare prices on the Pakistani Stock Exchange.
Where have you heard about the KSE-30 index?
If you’re familiar with the Pakistani market, you may have heard of the KSE-30 index. The index began with a starting base value of 10,000 points and, less than ten years later in December 2014, it reached 20,830.07, which was its highest ever level.
What you need to know about the KSE-30 index.
Unlike the KSE index and most other indexes, the KSE-30 is solely focused on the free float of shares rather than on the foundation of paid up capital – making it fairly unique. The second key difference between the KSE-30 and other indexes is that other indicators represent the total return of the market. As of February 2016, the Pakistani Stock Exchange announced a change in the KSE-30 index, stating that it would only cover the top thirty companies. The index is revised twice a year.