6,878
June 4, 2009The KSE-100 index has been getting fucked shapeless since last Friday and is down nearly 400 points on rumours of brokerage houses being taxed in the upcoming budget. The market has not closed at this index level since March 31st and could continue to get buggered further downwards. The absence of a ‘leverage ‘ product ( like badla ) is not helping matters either.
News : The Dow Jones Indexes, a leading global index provider and the Federation of Euro-Asian Stock Exchanges (FEAS) plan to launch the Dow Jones FEAS Indexes on Friday (June 05), which will include the Karachi Stock Exchange (KSE). According to information sent to KSE on Wednesday, this is the first time that indexes are created to measure the performance of companies across the Euro-Asian region. The three indexes that are being launched on June 05, are a composite, and two regional sub-indexes. The Dow Jones FEAS Indexes are designed to underlie index-linked investment products such as funds and structured products. The Dow Jones FEAS Composite Index currently includes component stocks of 10 of the 32 member states of the Federation of Euro-Asian Stock Exchanges.
The exchanges are: Abu Dhabi (UAE), Amman (Jordan), Bahrain (Kingdom of Bahrain), Belgrade (Serbia), Bulgaria (Bulgaria), Istanbul (Turkey), Karachi (Pakistan), Macedonia (Republic of Macedonia), Muscat (Oman), and Zagreb (Croatia)…Aaj News
