KSE 30 Index
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. The index is based on a free float methodology in differentiation to other indices based of paid-up capital.
| Foundation | September 1, 2006 |
|---|---|
| Operator | Pakistan Stock Exchange (PSX) |
| Trading symbol | KSE30 |
| Constituents | 30 |
| Type | Large cap |
| Weighting method | free float methodology |
| Website | www.psx.com.pk |
The KSE-30 Index was launched and implemented by the Karachi Stock Exchange in 2006. In 2016, the Karachi Stock Exchange was merged with the Lahore Stock Exchange and Islamabad Stock Exchange to the Pakistan Stock Exchange (PSX). 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."
Other indices at the PSX represent total return of the market. That is, when a company announces a dividend, the other indices 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.