Lahore Stock Exchange (Guarantee) Limited (LSE) is Pakistan's second largest stock exchange after the Karachi Stock Exchange. It is located in Lahore, Pakistan.
History
The Lahore Stock Exchange (Guarantee) Limited came into existence in
October 1970, under the Securities and Exchange Ordinance of 1969 by the
Government of Pakistan in response to the needs of the provincial metropolis of the province of Punjab. It initially had 83 members and was housed in a rented building in the crowded Bank Square area of Lahore.
The number of listed companies has increased to 519 since its
inception. With 37 sectors of the economy and 519 listed companies with
total capital of Rs. 555.67 billion having market capitalization of
around Rs. 2.51 trillion . The LSE has 152 members of which 81 are
corporate, and 54 are individual members. The LSE was the first stock
exchange in Pakistan to use the internet and currently 50% of its
transactions are via the internet.
The Lahore Stock Exchange has opened branches in the industrial cities of Faisalabad and Sialkot for trading. The Sialkot branch is referred to as the "Sialkot Trading Floor".
LSE Index
LSE-25: The Lahore Stock Exchange Twenty Five company index calculates the performance of stocks assuming that all rights issues and bonus share issues only increase the listed capital so that the prices of the shares are not adjusted as they are in the case of the LSETRI. The LSE25 also assumes that dividends paid out by a component company are not reinvested. In summary, in the LSE25, no price adjustments are made when any component company issues cash dividends.
LSETRI
The Lahore Stock Exchange Total Return Index calculates the
performance of stocks assuming that all payouts are reinvested in the
index on the ex-date. The LSETRI assumes that if a component company
issues bonus shares or announces a rights issue it will increase the
listed capital. Additionally, the LSETRI also assumes that all pay-outs
by a component company are 100% reinvested in the index. Therefore, the
LSETRI is adjusted against such payouts announced by any of index
constituents on its ex-date allowing the index value to remain
comparable over time.
Members
Some of the most notable Stock Brokers/Members in Lahore Stock Exchange include: Zafar Securities Pvt Ltd (Zafar Stocks) 128 Securities,
Abbasi & Company, Adeel Zafar Securities, Dr. Arslan Razaque
Securities, Dosslanis Securities, Habib Ullah Sheikh, Javed Iqbal
Securities, KSR Stock Broker, M.R. Securities, MAHA Securities, MTM
Securities(PVT)LTd, Fairway Securities (PVT) Ltd, Mubashar Latif
(Ex-President), Azan Mubashar (Ex-Executive Vice-President), Abubakar
Mubashar (Ex-C.E.O), Monica Labrador securities, Hilary Labrador
securities,
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