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| Company type | Public |
|---|---|
| PSX: LSECL PSX: LSEFSL PSX: LSEVL | |
| Industry | Finance |
| Founded | 1970 |
| Headquarters | Lahore, Pakistan |
| Website | lse |
LSE Group, formerly known as Lahore Stock Exchange is a Pakistani investment company based in Lahore, Pakistan. LSE Group consists of three companies: LSE Capital, LSE Financial Services, and LSE Ventures, all of them are listed on the Pakistan Stock Exchange. [1]
The Lahore Stock Exchange (LSE) was established in October 1970, under the Securities and Exchange Ordinance, 1969 by the Government of Pakistan in response to the needs for the provincial capital of Punjab. [2] It initially had 83 companies listed and was headquartered at Bank Square in Lahore. The number of listed companies increased to 519 since its inception.
In 2000, LSE froze accounts following an unprecedented market crash, resulting in a two-day closure and a one-day trading suspension. [3] The crisis allegedly began when LSE members working for investor Nisar Danka exceeded their exposure limits and failed to settle their clearings. [3] Subsequently, Mian Nisar filed a damages suit under the Central Depository Act, 1979, against the LSE, Central Depository Company (CDC), and the Securities and Exchange Commission of Pakistan (SECP), claiming illegal sale of his shares by the LSE. [3] On December 18, 2006, Justice Jawwad S. Khawaja, in a single bench decision, held the LSE and CDC liable for damages to Mian Nisar Elahi. [3] In January 2007, a division bench of the Lahore High Court suspended the single bench's order, which had mandated the LSE and CDC to pay Rs500 million to Mian Nisar Elahi and other investors. [3]
In 2014, the Federal Investigation Agency (FIA) uncovered an alleged illegal hundi and hawala operation run by dealers at the Lahore Stock Exchange. [4] The FIA received information about an organized gang operating on the ground floor of the exchange and conducted a raid with the approval of the FIA Punjab Director. [4] Three suspects were arrested during the raid: Syed Alamdar Hussain, Nadeem Khawar, and Sami Aslam. [4] The FIA confiscated assets including prize bonds, cash in various currencies, and gold biscuits. [4] They also seized hundi receipts, electronic devices, weapons, and ammunition. According to the seized records, approximately Rs24.75 billion had been transferred abroad through hawala transactions. [4] The receipts only contained the names of the sender and receiver, along with the amounts involved, without proper documentation. [4]
The Lahore Stock Exchange opened branches in the industrial cities of Faisalabad and Sialkot for trading. The Sialkot branch was referred to as the Sialkot Trading Floor. [5]
With effect from 11 January 2016, the Lahore Stock Exchange was integrated with the Karachi Stock Exchange and Islamabad Stock Exchange under the Stock Exchanges (Corporatisation, Demutualization and Integration) Act, 2012 to form the Pakistan Stock Exchange.
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.
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.
TMX Group Limited is a Canadian financial services company that operates equities, fixed income, derivatives, and energy markets exchanges. The company provides services encompassing listings, trading, clearing, settling and depository facilities, information services as well as technology services for the international financial community.
Gujrat is the thirteenth largest city in the Pakistani province of Punjab. Located on the western bank of the Chenab River in northern Punjab's Chaj Do'āb, it serves as the headquarters of the eponymous district and disvision; and is the 20th most populous in Pakistan, with a population of 390,533 in 2017. Along with Sialkot and Gujranwala, Gujrat forms part of the "Golden Triangle of Punjab", as these industrial cities have export-oriented economies.
Chaudhry Shujaat Hussain is a senior Pakistani politician who previously served as 16th prime minister of Pakistan. Hussain is the party president of the Pakistan Muslim League (Q) since 2003 .
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The Wilshire 5000 Total Market Index, or more simply the Wilshire 5000, is a market-capitalization-weighted index of the market value of all American stocks actively traded in the United States. As of December 31, 2023, the index contained 3,403 components. The index is intended to measure the performance of most publicly traded companies headquartered in the United States, with readily available price data. Hence, the index includes a majority of the common stocks and REITs traded primarily through New York Stock Exchange, NASDAQ, or the American Stock Exchange. Limited partnerships and ADRs are not included. It can be tracked by following the ticker ^FTW5000.
The Karachi Stock Exchange was a stock exchange located in Karachi, Pakistan. Since 1947, it has been located at the Stock Exchange Building on I. I. Chundrigar Road. It has now been consolidated in the Pakistan Stock Exchange, along with the Lahore Stock Exchange and Islamabad Stock Exchange. The KSE was Pakistan's largest and oldest stock exchange. According to Bloomberg, the Pakistani benchmark stock market index is the third-best performer in the world since 2009. In June 2015, Khaleej Times reported that since 2009, Pakistani equities delivered 26% a year for US dollar investors, making Karachi the top-performing stock exchange in the world.
The KSE-100 Index is a stock index acting as a benchmark to compare prices on the Pakistan Stock Exchange (PSX) over a period.
The Lahore High Court is a provincial court house based in Lahore, Punjab, Pakistan. It was established as a high court on 21 March 1882. The Lahore High Court has jurisdiction over the province of Punjab. The High Court's principal seat is in Lahore, but there are benches in three other cities of the province: Rawalpindi, Multan and Bahawalpur.
Wateen Telecom is a converged communication services provider based in Lahore, Pakistan, and was a sister concern of Warid Telecom. The company was incorporated in 2005 and began its operations in 2007 with the deployment of the largest fibre optic network in the country.
Cross-listing of shares is when a firm lists its equity shares on one or more foreign stock exchange in addition to its domestic exchange. To be cross-listed, a company must thus comply with the requirements of all the stock exchanges in which it is listed, such as filing.
The KSE-30 Index is a stock market index which tracks the performance of the top 30 most liquid companies listed on the stock exchanges in Pakistan. The index is based on a free float methodology in differentiation to other indices based of paid-up capital.
In November 2008 Munaf Kalia, Yusuf Kalia, and associates, were charged with illegally transferring funds from Pakistan to Afghanistan. In light of the charges, the State Bank of Pakistan revoked the license for Khanani and Kalia International to operate its foreign exchange business and shut down its offices.
Chaudhry Moonis Elahi is a Pakistani politician hailing from Punjabi Jatt Warraich family, who has been a member of the National Assembly of Pakistan from October 2018 to August 2023. He has been the Minister for Water Resources from 13 July 2021 till 10 April 2022 when the no-confidence motion against Imran Khan succeeded. Previously, he was a member of the Provincial Assembly of the Punjab from 2008 to May 2018.
Mian Muhammad Hamza Shahbaz is a Pakistani politician, businessman, and the eldest son of current Prime Minister Shehbaz Sharif. He served as the Leader of the Opposition in the Provincial Assembly of the Punjab from September 2018 to April 2022, and resumed this role on 20 October 2022 and continued until the dissolution of the assembly. He briefly held the position of Chief Minister of Punjab from 30 April 2022 to 2 May 2022. His tenure as a member of the Provincial Assembly of the Punjab spanned from August 2018 to January 2023. Prior to this, he was a member of the National Assembly of Pakistan from June 2008 to May 2018.
Pakistan's e-trading mainly involves buying and selling goods, and services using internet or telephone, through the use of electronic means such as computer, fax machine, cellular phone, automated teller machines (ATMs), and other electronic appliances with or without using the internet. Online banking, e-tickets, share trading in stock exchange are few examples of e-commerce of modern advancement. With its potential, e-trading can reduce the cost per transaction, increase efficiency, support contest, lower prices and boost international demand. It can open new areas for business in the service sector like online education, medical services, consultancy, and data exchange. It can also provide expansion in trade through domestic and international market research, advertising and marketing. In the financial services area, it can make easy and speedy transactions and transfer of money at a minimum risk. The interesting feature of online trading is that an investor simply sitting in his office or home can buy or sell through the Internet via mobile/tablet or PC and before being an experienced trader he may learn a lot by watching market screens or web portals at his convenience.
The Pakistan Stock Exchange is a stock exchange in Pakistan with trading floors in Karachi, Islamabad, and Lahore. The Lahore floor has a subfloor in Sialkot. PSX was classified by MSCI as a frontier market on 8 September 2021.
Nishat Group is a group of companies headquartered in Lahore, Pakistan. The company was founded by Pakistani business magnate Mian Muhammad Yahya in 1951. Mian Muhammad Mansha is the current chairman of the group.
Nishat Chunian Limited is a Pakistani vertically integrated textile company based in Lahore. It is listed on the Pakistan Stock Exchange and is one of the largest textile company of Pakistan.
Central Depository Company of Pakistan (CDC) is a Pakistani central securities depository company which provides services for equity, debt and other financial instruments. It is based in Karachi, Pakistan.
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