KSE board clears new free-float index


The Governing Board of Directors of the Karachi Stock Exchange (KSE) has decided to introduce a new 100-index free float benchmark that would run parallel with the existing full capitalization index at the bourse. The Board, in its April 24 meeting, decided to approve the recommendation of the KSE Index Committee to introduce the new index. This methodology is a variation of the market capitalization method used for our current (KSE-100) Index, said Haroon Askari, deputy managing director KSE, in a statement issued on Friday.