Karachi automated trading system (kats)

What does KATS mean in Business & Finance.

KATS meaning is defined below:

Karachi Automated Trading System.

Particularly in.

Was it useful?

Most popular questions.

What does KATS stand for?

KATS stands for "Karachi Automated Trading System"

How to abbreviate "Karachi Automated Trading System"?

"Karachi Automated Trading System" can be abbreviated as KATS.

What is the meaning of KATS abbreviation?

The meaning of KATS abbreviation is "Karachi Automated Trading System"

What does KATS mean?

KATS as abbreviation means "Karachi Automated Trading System"

KATS means Karachi Automated Trading System.

What does KATS stand for?

What is the abbreviation for Karachi Automated Trading System?

Feel free to share.

Areas of interest where.

KATS (Karachi Automated Trading System) is mostly used.

The list of abbreviations related to.

KATS - Karachi Automated Trading System.

FY Fiscal Year GDP Gross Domestic Product CFO Chief Financial Officer IRS Internal Revenue Service ADS Alliance Data Systems CFR Code of Federal Regulations ABI Absolute Breadth Index ADTV Average Daily Trading Volume ACGL Arch Capital Group Ltd AAP Advance Auto Parts.

Alternative.

Check other definitions.

38 alternative KATS definitions.

What most visitors search for.

before coming to this page.

What does KATS stand for?

KATS stands for "Karachi Automated Trading System"

What is the meaning of KATS abbreviation?

The meaning of KATS abbreviation is "Karachi Automated Trading System"

What is KATS abbreviation?

One of the definitions of KATS is "Karachi Automated Trading System"

What does KATS mean?

KATS as abbreviation means "Karachi Automated Trading System"

How to abbreviate Karachi Automated Trading System?

Karachi Automated Trading System can be abbreviated as KATS.

What is the abbreviation for KATS?

The abbreviation for KATS is Karachi Automated Trading System.

Online search.

Search for "KATS - Karachi Automated Trading System" in.

Pakistan Stock Exchange Limited (PSX):

Brief History:

Pakistan Stock Exchange Limited (PSX) (formerly: Karachi Stock Exchange (Guarantee) Limited (KSE) was established on September 18, 1947. It was incorporated on March 10, 1949. Only five companies were initially listed with a total paid-up capital of 37 million rupees. The first index introduced in KSE was based on fifty companies and was called KSE 50 index. Trading used to be carried out on open out-cry system. Computerized trading system called Karachi Automated Trading System (KATS) was introduced in 2002 with a capacity of 1.0 million trades per day and the ability to provide connectivity to an unlimited number of users.

In October 1970, under the Securities and Exchange Ordinance of 1969 by the Government of Pakistan, a second stock exchange was established in Lahore in response to the needs of the provincial metropolis of the province of Punjab. It initially had 83 members and was housed in a rented building in the crowded Bank Square area of Lahore. The LSE was the first stock exchange in Pakistan to use the internet.

Yet another stock exchange known as Islamabad Stock Exchange was established in Islamabad, the capital city of Pakistan on October 25, 1989 with the main object of setting up of a trading and settlement infrastructure, information system, skilled resources, accessibility and a fair and orderly market place that ranks with the best in the world and to cater to the needs of less developed areas of the northern part of Pakistan. It was licensed as a stock exchange on January 7, 1992.

All these three exchanges had separate management, trading interfaces, indexes, listing criteria etc and thus had no mutual links to each other. All three exchanges were previously operating as a non-profit organizations with mutualized structure wherein there respective members had trading as well as ownership rights. This structure inherently created conflict of interest and perceived to jeopardize the investors' interest. Therefore, the Stock Exchanges (Corporatization, Demutualization & Integration) Act, 2012 (known as "Demutualization Act") was promulgated by the Government. As a result these three exchanges were merged together to form a new combined exchange called Pakistan Stock Exchange Limited (PSX) which started its operations on January 11, 2016 under this new title.

As provided under the aforesaid Demutualization Act, now Members have ceased to be Members of PSX and they have been issued Trading Right Entitlement Certificates ("TRECs") and PSX's ownership shares, thus separating trading rights from ownership rights. Whereas TRECs represent trading rights, PSX shares represent ownership. Now, TREC holders need not be a shareholder of PSX nor a PSX shareholder is required to be TREC holder of PSX.

As envisaged under the provisions of the Demutualization Act, regulatory functions have been segregated from commercial functions of PSX, so that regulatory functions are not compromised for achievement of commercial objective of generating revenue. Moreover, under the provisions of the said Act, after demutualization, persons representing TREC holders on the PSX Board shall not be in majority and the Act also envisages divestment of shares of TREC holders held in their blocked accounts to strategic investors and general public/financial institutions within a certain time limit.

Karachi branch of Pakistan Stock Exchange is located on Stock Exchange Road, in the heart of business district of Karachi. The premises is known as Stock Exchange Building.

Listing in PSX:

As on December 21st, 2017 there are 581 companies listed in PSX and the total market capitalization is Rs. 8,431.436 billions. The listing is done on the basis of strict rules and regulations laid out by Securities Exchange Commission of Pakistan (SECP) & the management of Pakistan Stock Exchange Limited. All the listed companies are categorized in various main business sectors. As on December 21st, 2017 there are total 35 sectors listed on Pakistan Stock Exchange which contribute towards the market capitalization and all the listed companies (excluding their future contracts) are divided among these. Rest of the noncontributory sectors are allocated for indexes, futures, bonds etc.

For a complete list of sectors, click here.

For a complete list of listed companies, click here.

Market Indexes:

Detailed information about these indexes can be obtained from PSX's web site psx. pk.

KSE 100 Index:

The KSE-100 Index was introduced in November 1991 with base value of 1,000 points. The Index comprises of 100 companies selected on the basis of sector representation and highest free-float capitalization, which captures over 80% of the total free-float capitalization of the companies listed on the Exchange. 35 companies are selected i. e. one company from each sector on the basis of the largest free-float capitalization and the remaining 65 companies are selected on the basis of largest free-float capitalization in descending order. This is a total return index i. e. dividend, bonus and rights are adjusted. It is revised after every six months for inclusion or exclusion of companies on the basis of above mentioned criteria.

Free Float:

Free-Float is the proportion of total paid-up shares issued by a company that are readily available for trading at a Stock Exchange. It implies that the shares held by controlling directors, sponsors, promoters, government and other locked-in shares which are not available for trading in the normal course are excluded.

During 2012, the governing board of directors of the Pakistan Stock Exchange (formarly: Karachi Stock Exchange) decided to implement the KSE-100 Index on the basis of free-float market capitalization instead of total market capitalization. The Rules for composition and recomposition of the Index based on free-float methodology have remained un-changed other than selection of companies on the basis of free-float market capitalization as against total market capitalization.

KSE ALL Index:

In 1995, the need was felt for an all share index to reconfirm the KSE-100 and also to provide the basis of index trading in future. By August 29, 1995 the KSE-All Share Index was constructed which became operative on September 18, 1995.

KSE 30 Index:

In June 2005, another benchmark index named KSE-30 was introduced with a base value of 10,000 index points to provide investors with a sense of how large companies' scrips of the Pakistan’s equity market are performing over a period of time. Thus, the KSE-30 Index is designed in such a way that it becomes comparable over a period of time similar to other indicators that track various sectors of country’s economic activity such as the gross national product, consumer price index etc.

KMI 30 Index:

Introduced in Spetember 2008, the objective of KSE-Meezan Index (KMI) is to serve as a gauge for measuring the performance of Shariah compliant equity investments. Besides tracking performance of Shariah compliant equities, its construction will increase investor trust and enhance their participation.

ALL SHARES ISLAMIC Index:

Introduced on November 18, 2015 as a joint effort by the management of Pakistan Stock Exchange (PSX) and Meezan Islamic Bank Limited.

Download complete list of current companies here.

Disclaimer: ksestocks is not a KSE website. For KSE official website please visit psx. pk.

Copyright © 2005-2013 KSEStocks Dot Com | Privacy Policy.

Karachi Stock Exchange.

Related Interests.

Rating and Stats.

Sharing Options.

Document Actions.

Pages 2 to 9 are not shown in this preview.

Recommended Documents.

Documents Similar To Karachi Stock Exchange.

Documents About Investing.

More From ashrafamin.

Footer Menu.

Legal.

Social Media.

Copyright © 2017 Scribd Inc. . Browse Books . Mobile Site . Site Directory . Site Language:

Are you sure?

This action might not be possible to undo. Are you sure you want to continue?

Are you sure you want to delete this list?

Everything you selected will also be removed from your lists.

This book will also be removed from all your lists.

We've curated titles we think you'll love.