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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (48059)	3/14/2005 5:51:43 PM
From: IQBAL LATIF	Read Replies (2) \| Respond to of 50167

Story of a market rocketing up from 6 billion US $ to 40 billion US $, a saga of trajectory post 911.Latest news from the best performing market in the world;;; post 911 a new nation, vibrant, active emerging with the help of Mr. Bush from the ahses of the past to a nex future.;Glass is half full and getting fuller..gg New York Stock Exchange Chairman and Chief Executive, Hon Thain said that achievement of $40 Billion Market Capitalization by Karachi Stock Exchange KSE) is a significant value for an emerging capital Market. This he commented in response to Moin Fudda's Managing Director KSE comments at the Annual International Exchange Globalization & Clearing Forum held at New York earlier this week. Mr. Thain complimented KSE for outstanding performance and particularly surpassing the turnover of 1 billion shares, which he believed, was by far the highest turnover for Stock Exchange in a developing market. And news from the best performing market in the world;;; post 911 a new nation vibrant and active emerging with the help of Mr. Bush.; Karachi Stock Exchange is the biggest and most liquid exchange and has been declared as the “Best Performing Stock Market of The World For the year 2002”. As on January 31, 2005, 659 companies were listed with the market capitalization of Rs. 1,862.99 billion (US$ 31.42 billion) having listed capital of Rs. 413.08 billion (US$ 6.96 billion). The KSE 100 Index closed at 6747.39 on January 31, 2005. In last five weeks the index has closed up to 9998 with market cap increasing to 40 billion US$ . All with the help of US administration, nudging a 'failed state' to great recovery, result of successful carrot and stick policy. KSE has been well into the 4th year of being one of the Best Performing Markets of the world as declared by the international magazine “Business Week”. Similarly the US newspaper, USA Today, termed Karachi Stock Exchange as one of the best performing bourses in the world.