Professional Documents
Culture Documents
Nadeem Naqvi
Managing Director Karachi Stock Exchange February 15, 2012
www.kse.com.pk
01
02
PRIMARY MARKET
SECONDARY MARKET
RISK MANAGEMENT
03
04
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
Average
33%
20%
11%
10%
8%
4%
05
06
Rs5.4bn in 6 years
Engro Chemical
2006
1.2bn
2007
3.2bn
2008
3.2bn
2009
4.3bn
Rs11.4bn in 4 years
NIB Bank
2006
19.0bn
2007
12.0bn
2011
3.0bn
Rs34.0bn in 6 years
07
15,676
14,000
12,262
12,000
10,000 8,000 6,000
4,815
2009 2010 2011 2012
Source: KSE
08
1.9%
-3.1%
Singapore
Hong Kong
Pakistan
Philippines
Indonesia
Malaysia
Thailand
Sri Lanka
Vietnam
China
India
09
Singapore
Hong Kong
Philippines
Vietnam
Pakistan
India
Indonesia
Malaysia
Thailand
Sri Lanka
China
10
45%
40% 35% 30% 24.9% 15.6% 9.9% 16.1% 31.6%
36.5%
33.7%
25%
20% 15% 10%
18.3% 18.2%
16.5%
5%
FY02 FY03 FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12
Source: KSE; Economic Survey FY11 *As at Mid Feb 2012
11
365
257
258
250
200
150 100 50
133
CY04
CY05
CY06
CY07
CY08
CY09
CY10
CY11
Source: KSE
CY12
12
12,000
16,000
4,000
8,000
KSE-100 Index
03-Mar-08 17-Mar-08
02-Mar-09 16-Mar-09
Source: KSE
13
30-Mar-09
14
5.0
4.2
4.7 3.6
2.8
0.6
0.5
0.4
FY09
FY10
FY11
Source: KSE
15
PkRbn
PkRbn
Total Income
8.4
PkRbn
Net Profit
2.2
1.4
6.0
5.0
3.0 2.0 1.0 2008 2009 2010 2011
2.4 2.3 1.7
3.9 3.2
2009
2010
2011
2008
2009
2010
2011
16
Operating Profit
PkRmn
868
Net Profit
800 700
603 508 772
1,400
1,000
1,200
1,000 800 600
771
668 701
800
600 400 200
320 303 458
600 500
243
198
314
400
200 -
(200) (400)
(295) (314)
100
0
68
50
17
18
19
KSE
CDC
Investor UIN
No comingling of investors funds with broker's funds (separate bank accounts) SMS & email alert service on any share movement / transaction in UIN from CDC & NCC
NCC
20
Client Level Margining Client shares by the broker can not be utilized for his own business or trades of other clients New Margining Regime Concentration margins at all leveraged & futures markets; liquidity margin in the ready market over and above existing VAR margins
21
22
23
24
25
26
Sustainability of an Exchange
Information Technology Quality of Human Resources
Access to Customers
27
THANK YOU
28