The KSE-100 Index is a total return stock index acting as a benchmark to compare prices on the Pakistan Stock Exchange (PSX) over a period.
In determining representative companies to compute the index on, companies with the highest market capitalization are selected. However, to ensure full market representation, the company with the highest market capitalization from each sector is also included.
History KSE 100 Index was launched in November 1991 with a base of 1,000 points.
In November 1994, Baring Securities London recomposed the index and established rules for its recomposition.
Steady growth In 2001, the Karachi Stock Exchange (KSE) became the highest-performing stock market globally, supported by macroeconomic policies that increased foreign exchange reserves above five billion dollars and strengthened the rupee. Daily trading volumes reached approximately 200 million shares. The market's positive trajectory was temporarily affected by military tensions following an attack on the Indian parliament. Intervention by U.S. Secretary of State Colin Powell and actions against militant groups by President Pervez Musharraf helped stabilize the situation. As a result, the KSE index rose by nearly 400 points, and the market capitalization reached 400 billion rupees.
By February 2007, it had skyrocketed to 12,285 points.KSE Index Monthly Report State Bank of Pakistan, February 2007
2007 (Record growth) KSE-100 index touched the highest ever benchmark of 14,814 points on December 26, 2007, a day before the assassination of former Prime Minister Benazir Bhutto, when the index nosedived.Record-breaking spree at KSE on better earnings’ expectations Daily Times, December 27, 2007
2008 Global crisis April 20: Karachi Stock Exchange achieved a major milestone when KSE-100 Index crossed the psychological level of 15,000 for the first time in its history and peaked 15,737.32 on 20 April 2008. Moreover, the increase of 7.4 per cent in 2008 made it the best performer among major emerging markets.Monster & Critics May 23: Record high inflation in the month of May, 2008 resulted in the unexpected increase in the interest rates by State Bank of Pakistan which eventually resulted in sharp fall in Karachi Stock Exchange. July 17: Angry investors attacked the Karachi Stock Exchange in protest at plunging Pakistani share prices. July 16: KSE-100 Index dropped one-third from an all-time high hit in April, 2008 as rising pressure on shaky Pakistan's coalition government to tackle Taliban militants exacerbates concern about the country's economic woes. August 18: KSE 100 Index rose more than 4% after the announcement of the resignation of President Pervez Musharraf but Credit Suisse Group said that Pakistan's Post-Musharraf rally in Stock Exchange will be short-lived because of a rising fiscal deficit and runaway inflation. August 28 : Karachi Stock Exchange set a floor for stock prices to halt a plunge that has wiped out $36.9 billion of market value since April. December 15: Trading resumes after the removal of floor on stock prices that was set on August 28 to halt sharp falls.
2013-2014 (Post-Elections) As of April 30, KSE-100 Index recorded a new increase in its value standing at 28,913 points, that is more than 45.2% since the last fiscal year of 2012–2013.
2016 (Reaching new heights) By the month of June, KSE-100 was in positive conditions and it achieved 38,777 points on 17 June 2016.
2017 (All-time high) In January 2017, the stock market hit the all-time high of 49,969 points. On 13 February, it stands at 49,876 points.
Pakistan qualified for the popular MSCI Emerging Markets Index in May 2017, an upgrade from Morgan Stanley Capital International's (MSCI) Frontier Market (FM) index.
On 25 May 2017, the KSE-100 index reached the all-time high of 53,124 points, later it tanked to 37,919 points in a matter of seven months.
Following Britain's decision to leave EU on 24 June, KSE dropped 1,100 points (3.1 percent) as stock markets went in turmoil as investors sought safe havens like gold and government bonds.
2020 (COVID-19) The first case of COVID-19 in Pakistan was reported on 26 February 2020. Its impact resulted in the fall of around 62% of KSE-100 index, lowest at 27,200 on March 25, 2020, from the high of 43,218 points on January 13, 2020. Despite the fall greater than 2005 and 2008 crisis, The market remained calm and confident, and no investors have made accusations of market manipulations and unfair trading.
2024 On 4 October 2024, the KSE-100 index gained 810.19 points, or 0.98 percent, during the session and closing at a record high of 83,531.96 points.
2026 On 2 March, the KSE 100 index witnessed a market halt and recorded its largest-ever single-day decline, losing 16,089 points, or 9.57%, to close at 151,973 points.
Constituents Current Ticker Logo Company PSX sector Index weighting (%) Abbott Pharmaceuticals 0.40 Adamjee Insurance Insurance 0.32 — AGP Limited Pharmaceuticals 0.33 — Air Link Communication Technology & Communication 0.33 Allied Bank Commercial Banks 0.41 Arif Habib Corp Investment Banks / Investment Companies / Securities Companies 0.19 Askari Bank Commercial Banks 0.92 Atlas Honda Automobile Assembler 0.41 Attock Petroleum Oil & Gas Marketing Companies 0.34 Attock Refinery Refinery 0.77 Avanceon Technology & Communication — Bank AL Habib Commercial Banks 2.85 Bank Alfalah Commercial Banks 1.61 Bank of Punjab Commercial Banks 0.93 — Bannu Woollen Mills Woollen 0.01 Bestway Cement Cement 0.59 — Cherat Cement Cement 0.72 — Citi Pharma Pharmaceuticals 0.17 — Cnergyico Refinery 0.27 Colgate-Palmolive Pakistan Food & Personal Care Products 0.60 — DG Cement Cement 0.91 DH Investment Banks / Investment Companies / Securities Companies — — Dolmen City Real Estate Investment Trust 0.43 Engro Holdings Investment Banks / Investment Companies / Securities Companies 4.98 Engro Fertilizers Fertilizer 2.31 Fatima Fertilizer Company Fertilizer 0.99 Fauji Cement Cement 0.92 Fauji Fertilizer Company Fertilizer 8.73 Fauji Foods Food & Personal Care Products 0.17 Faysal Bank Commercial Banks 1.05 — Haleon Pakistan Pharmaceuticals 0.24 — First Habib Modarba Modarabas 0.06 — Gadoon Textile Mills Textile Spinning 0.05 Ghandhara Automobiles Automobile Assembler 0.26 Ghandhara Industries Automobile Assembler 0.34 — Ghani Glass Glass & Ceramics 0.27 GSK Pharmaceuticals 0.46 HBL Commercial Banks 3.57 HabibMetro Commercial Banks 1.08 — HBL Growth Fund Close-End Mutual Funds 0.09 — Highnoon Pharmaceuticals 0.42 Honda Atlas Automobile Assembler 0.14 Hubco Power Generation & Distribution 4.24 — Hum Network Technology & Communication 0.08 — Ibrahim Fibre Synthetic & Rayon 0.09 — JDW Sugar Mills Sugar & Allied Industries 0.16 Indus Motor Automobile Assembler 0.55 Interloop Limited Textile Composite 0.56 — International Industries Limited Engineering 0.20 International Steels Limited Engineering 0.25 Javedan Property 0.55 K-Electric Power Generation & Distribution 0.41 — Kohat Cement Cement 0.45 — Kohinoor Textile Textile Composite 0.25 Kot Addu Power Power Generation & Distribution 0.25 Lotte Chemical Chemical 0.22 Lucky Cement Cement 3.91 Lucky Core Industries Chemical 0.43 — Maple Leaf Cement Cement 0.90 Mari Energies Oil & Gas Exploration Companies 3.13 — MCB Bank Commercial Banks 3.33 Meezan Bank Commercial Banks 4.87 — Mehmood Textile Mills Textile Composite 0.08 Millat Tractors Automobile Assembler 1.04 — Murree Brewery Food & Personal Care Products 0.20 National Bank Commercial Banks 2.08 — National Foods Food & Personal Care Products 0.45 Nestlé Pakistan Food & Personal Care Products 0.69 OGDC Oil & Gas Exploration Companies 4.10 Packages Limited Paper, Board & Packaging 0.28 PEL Cable & Electrical Goods 0.42 — Pak-Gulf Leasing Leasing Companies 0.00 — Pakistan Aluminium Beverage Cans Miscellaneous 0.11 — PIBTL Transport 0.27 — Power Cement Cement 0.19 — Pakistan Oilfields Oil & Gas Exploration Companies 1.76 — Pakistan Petroleum Oil & Gas Exploration Companies 2.94 — Pakistan Services Miscellaneous 0.56 Pakistan State Oil Oil & Gas Marketing Companies 1.63 — Pakistan Stock Exchange Investment Banks / Investment Companies / Securities Companies 0.50 — PTCL Technology & Communication 0.84 Pakistan Tobacco Company Tobacco 0.36 — Pioneer Cement Cement 0.19 Rafhan Maize Food & Personal Care Products 0.09 Sazgar Automobile Assembler 0.84 Searle Pharmaceuticals 0.54 Servis Leather & Tanneries 0.97 Shifa Miscellaneous 0.30 Wafi Oil & Gas Marketing Companies — Standard Chartered Commercial Banks 0.25 — Sui Northern Oil & Gas Marketing Companies 0.55 — Sui Southern Oil & Gas Marketing Companies 0.19 Systems Limited Technology & Communication 2.62 — Tariq Glass Glass & Ceramics 0.26 — Thal Limited Automobile Parts & Accessories 0.38 TRG Pakistan Technology & Communication 0.43 Unilever Foods Food & Personal Care Products 0.26 UBL Commercial Banks 8.16 — Yousuf Weaving Mills Textile Weaving 0.01
Former Adamjee Insurance Archroma Pakistan Air Link Communication Aisha Steel Atlas Honda BankIslami Pakistan Century Paper & Board Mills Dewan Textile Mills Gadoon Textile Mills Habib Sugar Mills Hascol Petroleum Hinopak Motors Honda Atlas Cars Jahangir Siddiqui & Co. Jubilee Life Insurance Kohinoor Textile Mills Lotte Chemicals Pakistan Pak Suzuki Motors Saif Power Shifa International Hospitals Sui Southern Gas Company
Annual performance The following table shows the annual performance of the KSE 100 Index based on closing on 31 December each year, which was calculated back to 1990 when the index was launched. YearClosing levelChange in Indexin PointsChange in Indexin %19911,640 – –19921,244−396−24.1419932,16492073.9519942,049−115−5.3119951,498−551−26.8919961,340.88−157 −10.4919971,753.82412.9430.801998945.24−809 −46.1219991,408.91463.6749.0520001,507.5998.596.9920011,273.06−234.53−15.5620022,701.421,428.36112.2020034,471.821,770.4065.5420046,218.461,746.6439.0620059,556.613,338.1553.68200610,040.50483.895.06200714,075.834,035.3340.1920085,865.01−8,210.82−58.3320099,386.923,521.9160.05201012,022.462,635.5428.08201111,347.66−674.80−5.61201216,905.335,557.6748.98201325,261.148,355.8149.43201432,131.286,870.1427.20201532,816.31685.032.13201647,806.9714,990.6645.68201740,471.48−7,335.49−15.34201837,066.67−3,404.81−8.41201940,735.083,668.419.90202043,755.383,020.307.41202144,596.07840.691.92202240,420.45-4,175.62 -9.36202362,451.0422,030.5954.502024115,12752,67684.352025174,05458,92751.18
See also KSE-30 Index KMI-30 Index CDC
References
External links Bloomberg page for KSE100:IND BBC Market Data: KSE-100 Reuters page for .KSE