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.
2007 (Record 2007 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.
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. •
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. •
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.
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==