Lahore Stock Exchange facts for kids
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| Public | |
| Traded as | PSX: LSEPL PSX: LSEVL |
| Founded | 1970 |
| Headquarters |
Lahore, Pakistan
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The LSE Group, once known as the Lahore Stock Exchange, is an investment company from Lahore, Pakistan. It is made up of two companies, LSE Proptech and LSE Ventures. Both of these companies are listed on the Pakistan Stock Exchange.
Contents
History of the Lahore Stock Exchange
The Lahore Stock Exchange (LSE) started in October 1970. It was created by the Government of Pakistan to help with financial needs in Punjab. When it first opened, 83 companies were listed there. Its main office was in Bank Square in Lahore. Over time, the number of listed companies grew to 519.
In 2000, the LSE faced a big financial problem. This led to the market being closed for two days and trading being stopped for one day. This happened because some people working for an investor had gone over their trading limits.
The Lahore Stock Exchange also opened smaller offices in other cities. These included Faisalabad and Sialkot. The Sialkot office was called the Sialkot Trading Floor.
On January 11, 2016, the Lahore Stock Exchange joined with the Karachi Stock Exchange and Islamabad Stock Exchange. They all came together to form the new Pakistan Stock Exchange. This was done under a special law passed in 2012.
Leaders of the LSE
- Noshir F. Dastoor was one of the chairmen of the Lahore Stock Exchange.
Understanding Stock Indexes
A stock index is like a special score that shows how well a group of stocks is doing. It helps people understand if the market is going up or down. The Lahore Stock Exchange had two main indexes: LSE-25 and LSETRI.
LSE-25 Index
The LSE-25 index measured the performance of 25 top companies listed on the Lahore Stock Exchange. This index looked at how the prices of stocks changed. It did not adjust for things like cash payments (dividends) that companies might give to their shareholders. It also assumed that new shares issued by companies only increased the total number of shares, without changing the price calculation.
LSETRI Index
The LSETRI (Lahore Stock Exchange Total Return Index) was another way to measure stock performance. This index assumed that any money paid out by a company, like dividends, was immediately put back into the index. This means it showed the total return an investor would get if they reinvested all their earnings. The LSETRI was adjusted for these payouts, making it easier to compare its value over time.
See also
- List of South Asian stock exchanges
