Islamabad Stock Exchange (ISE)

The Islamabad Stock Exchange (ISE) was incorporated as a guarantee limited Company on 25th October, 1989 in Islamabad Capital territory of Pakistan 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. The purpose for establishment of the stock exchange in Islamabad was to cater to the needs of less developed areas of the northern part of Pakistan. 

The ISE has set the highest standards of operational efficiency and is committed to support a climate of confidence and optimism that encourages and promotes trading activity. It also provides for conducive environment to channelize the small investments of the residents of less developed areas. The ISE offers an easy access to both domestic as well as foreign investors and actively encourages the listing of eligible and profitable companies, both large and small to make it an exciting and diverse Exchange. The Exchange is playing a pivotal role for economic growth of the area thereby contributing towards the overall economic prosperity and welfare of the country. 

At present there are 118 members out of which 104 are corporate bodies including commercial and investment banks, DFIs and brokerage houses. The other 18 Members are individual persons who are well educated, enterprising and progressive minded. The affairs of the Exchange are governed by the Board of Directors. The Board of Directors consists of ten directors, of which five are elected member directors and four are non-member directors nominated by the SECP while the managing director by virtue of his office is the tenth director of the Board . In order to protect the interest of the investing public, an Investors Protection fund has been established by the Exchange. 
Since the inception of automated trading system (ISECTS), the trade volume has been multiplying day by day and the average daily turnover has now crossed the figure of 1 million shares. Now all the listed securities are traded through the ISECTS. The system of physical handling of shares and securities has been phased out and majority of the scrips are settled through Central Depository Company of Pakistan Limited. 
At the moment there are 248 companies/securities listed including 6 Open- End Mutual Fund and 4 TFCS on the Exchange with an aggregate capital of Rs. 572,057.266 million. The market capitalization stood at Rs. 1,943,646.210 million as on 16-12-2008 . The pace of listing has remained slow as the economy of the Country is under consistent pressure due to internal as well as external factors.
In comparison with major financial markets around the World, the functioning of capital market in Pakistan is still very much in its infancy and lacks advanced technology. In this context efforts are being made to bring ISE in line with the International system and methodology.

Mission Statement

"To create value for our investors and listed companies through dynamic market operations, fair and transparent business practices and effective management."

Vision Statement

"To be the pre-eminent stock market in Pakistan and achieve market recognition both in terms of quality and delivery of our services."

Members

A member/broker is either an individual or corporate body that owns a membership of the exchange and is authorized to deal in scrips listed on the exchange. Currently Islamabad Stock Exchange has 119 members against 200 as allowed to the exchange, in terms of Article 3(a) of Articles of Association. Of 118 members, 14 are individual and 104 are corporate members.

SECP issues draft of shares buy-back regulations 2009

ISLAMABAD (January 23, 2009): The Securities and Exchange Commission of Pakistan (SECP) has issued draft of the "The Companies (Buy-Back of Shares) Regulations, 2009," to elaborate the procedure for the listed companies to buy back/repurchase their own shares. The commission on Thursday issued draft SRO(I)/2009 for obtaining viewpoint of the stakeholders on the new procedure. 

Khalid Sherwani elected chairman NCCPL BoD

KARACHI (January 23, 2009): National Clearing Company of Pakistan Limited (NCCPL), in it´s board meeting held here on Thursday has unanimously elected Khalid Ahmed Sherwani as Chairman of NCCPL Board of Directors. According to a press release, Khalid Ahamed Sherwani has served on the Board of (KSE) and has diversified management experience of 39 years in banking sector including seven years as president Allied Bank of Pakistan. 

THE RUPEE: dollar moves both ways

KARACHI (January 23, 2009): The rupee moved both ways on the currency market on Thursday amid higher demand for dollars by the importers, dealers said. On the interbank market the rupee recovered 40 paisa in a single day rally for buying and selling at 79.85 and 79.95 in process of trading, they said. Slight improvement in the supply of dollars boosted the rupee´s value versus the US currency, they added. 

KSE index breaches 5,000 psychological level

KARACHI (January 23, 2009): Heavy selling pressure mainly by the foreign investors continued at the Karachi share market and the benchmark KSE-100 index breached 5,000 psychological level on Thursday. However, an aggressive recovery was witnessed in the mid-session that supported the index to close above 5000 level. 

LSE: shares extend losses amid selling pressure

LAHORE (January 23, 2009): Because of continued selling by banks and the open ended mutual funds, the equities extended further losses amid selling pressure on the Lahore Stock Exchange (LSE) on Thursday while transaction volume also dwindled in the absence of institutional support. 

Shares show negative signs on ISE

ISLAMABAD (January 23, 2009): Equities continued to show negative signs at the Islamabad Stock Exchange (ISE) where fresh bearish assault moved the entire ready-board in downward direction amid decrease in index. ISE Ten Index showed a decrease of 18.35 points, as the index moved from 1,067.78 to 1,049.43 points. 

BRIndex30 sheds 147.36 points further

Karachi (January 23, 2009): On Thursday, BRIndex30 opened in the negative zone at 4,302.03, with a downward gap of 74.92 points and remained there for whole of the trading time. It closed at 4,229.59 with a net negative change of -147.36 points and percentage change of -3.37. It recorded intra-day high of 4,308.83 and intra-day low of 4,172.49. 

Iqbal Munshi elected KSE Union CBA general secretary

KARACHI (January 23, 2009): M. Iqbal Munshi has been elected unopposed General Secretary of Karachi Stock Exchange Employees Union CBA for the years 2009-2010. Iqbal Munshi is also Senior Vice President of Pakistan Banks, Insurance, Financial and Commercial Employees Federation (PBIFCEF) and Finance Secretary of Pakistan Workers Federation (PWF) Karachi Sindh Region.

Contact Us

Islamabad Stock ExchangeStock Exchange building101-E Fazal-ul-Haq RoadIslamabad-44000Pakistan 

PHONE: - +92-51-111-600-800

FAX: - +92-51-2275044

E-MAIL: - ise@ise.com.pk