Stock exchange of islamabad Pakistan

Topics: Stock market, Islamabad, Corporate governance Pages: 4 (932 words) Published: February 25, 2014

Assignment # 01

Submitted By:Zeeshan Alam (080)
Raja Zain Tariq (059)
Sarah Mehwish
Neelab Majeed
Section:MBA IIIB
Dated:17 Feb, 2014

Submitted To:

Department Of Management Sciences
COMSATS Institute of Information Technology, Islamabad

1. Trading System 2
2. Settlement System 2
3. Members/Brokers 2
4. Listed Companies 2
5. Unified Trading System 2
6. Indexes 3
7. Investors’ Protection 3
8. Code of Corporate Governance 3
9. ISE Towers 3

Islamabad Stock Exchange or ISE is the youngest of the three stock exchanges of Pakistan and is located in the capital of Islamabad. Islamabad stock exchange (ISE) was incorporated as a guarantee-limited company on 25 October 1989 in Islamabad capital territory with the main object of setting up of a trading and settlement infrastructure, information system, skilled resources, accessibility and a fair and orderly market place that ranks with the best in the world. It was licensed as a stock exchange on 7 January 1992. It started trading in July 1992. Trading System:

Initially, an outcry method of trading (a method of trading that uses verbal bids and offers in the trading pits) in shares was adopted which was replaced with the automated trading system (a computerized system for matching orders in securities) commonly called “ISE-CTS” in 1997. In the year 2002, ISECTS gave way to “ULTRA TRADE” trading system which is not only very efficient but also has extended trading capacity, internet trading functionality. The computerized trading system has brought about much needed transparency in the securities trading. It has been designed in such a way to provide automatic matching of bids and offers for execution purpose. All orders are treated in strict price and time priority, thus ensuring a pure...
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