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The index was introduced in 2009 [1] and the base period for this Islamic index is 30 June 2008. It was created as a joint effort by the Karachi Stock Exchange (now known as Pakistan Stock Exchange) and Al-Meezan Investment Bank (now known as Meezan Bank Limited). [2] The index is calculated using free float market capitalization. At any point ...
The KSE-100 Index is a total return stock index acting as a benchmark to compare prices on the Pakistan Stock Exchange (PSX) over a period. [1] In determining representative companies to compute the index on, companies with the highest market capitalization are selected. However, to ensure full market representation, the company with the ...
The Pakistan Stock Exchange (PSX), founded as Karachi Stock Exchange (KSE), is a stock exchange based in Karachi, Pakistan. [4] [5] PSX was classified by MSCI as a frontier market on 8 September 2021.
West Texas Intermediate crude oil slumped 1.10% to $73.44 a barrel. Brent crude , the international benchmark, inched up 0.16% to trade at $76.28 a barrel. Gold moved up 0.5% to $2,662 an ounce.
Today, its expense ratio is a minuscule 0.04%, and it remains one of the biggest index funds on the market. Pros and Cons of Index Funds It helps to understand the benefits and drawbacks before ...
The steady climb in yields kept the dollar index up at 108.870, having risen almost 0.9% last week to a top of 109.540. The euro was hanging on at $1.0315, uncomfortably close to last week's 26 ...
A stock fund, or equity fund, is a fund that invests in stocks, also called equity securities. [1] Stock funds can be contrasted with bond funds and money funds . Fund assets are typically mainly in stock, with some amount of cash , which is generally quite small, as opposed to bonds , notes, or other securities .
Good news on the U.S. economy is back to being bad for Wall Street, and the stock market slumped Tuesday following better-than-expected reports on the job market and business activity. The S&P 500 ...