Islamabad Stock Exchange:
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.
At present there are 103 Members out of which 29 are corporate bodies including commercial and investment banks, DFIs and brokerage houses. The other 74 Members are individual persons.
Since the inception of automated trading system which is called ISECTS the trade volume is multiplying day by day and the average daily turnover has now crossed the figure of 7.5 million shares. The automated system which was indigenously developed replaced the outcry system in 1997. Now all the listed securities are traded through the ISECTS. The system of physical handling of shares and securities is being phased out and majority of the scrips are settled through Central Depository Company of Pakistan Limited.
At the moment there are 285 companies/securities listed on the Exchange with an aggregate capital of Rs. 155,352.618 million. The market capitalization was Rs. 209,360.670 million (US $ 4,551.132 million) as on 10-09-98
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