Karachi Stock Exchange Plans Internet Trading

The Karachi Stock Exchange (KSE), emboldened by a remarkable performance in 2004, plans cross-border listings, Internet trading and over the counter market.

“The future projects include cross-border listings, Internet trading and over the counter market,” said the KSE’s annual report released on the eve of its Annual General Meeting on October 28.

The report covered up to September 30, 2004 and compared with the year-ago period, said the listed companies stood at 663 compared with 701, some 13 companies were listed compared with six, market capitalisation stood at Rs1,489 billion compared with Rs951 billion and average daily turnover rose to 351 million from 309 million.

The KSE-100 index at the year-end closed at 5217.65 points compared with 4471.60 and touched high at 5620.66 and low at 4473.03 during the period under review…