Bombay Stock Exchange

Bombay Stock Exchange is the oldest stock exchange in Asia with a rich heritage, now spanning three centuries in its 133 years of existence. What is now popularly known as BSE was established as "The Native Share & Stock Brokers' Association" in 1875.

BSE is the first stock exchange in the country which obtained permanent recognition (in 1956) from the Government of India under the Securities Contracts (Regulation) Act 1956. BSE's pivotal and pre-eminent role in the development of the Indian capital market is widely recognized. It migrated from the open outcry system to an online screen-based order driven trading system in 1995. Earlier an Association Of Persons (AOP), BSE is now a corporatised and demutualised entity incorporated under the provisions of the Companies Act, 1956, pursuant to the BSE (Corporatisation and Demutualisation) Scheme, 2005 notified by the Securities and Exchange Board of India (SEBI). With demutualisation, BSE has two of world's best exchanges, Deutsche Börse and Singapore Exchange, as its strategic partners.

Over the past 133 years, BSE has facilitated the growth of the Indian corporate sector by providing it with an efficient access to resources. There is perhaps no major corporate in India which has not sourced BSE's services in raising resources from the capital market.

Today, BSE is the world's number 1 exchange in terms of the number of listed companies and the world's 5th in transaction numbers. The market capitalization as on December 31, 2007 stood at USD 1.79 trillion . An investor can choose from more than 4,700 listed companies, which for easy reference, are classified into A, B, S, T and Z groups.

The BSE Index, SENSEX, is India's first stock market index that enjoys an iconic stature , and is tracked worldwide. It is an index of 30 stocks representing 12 major sectors. The SENSEX is constructed on a 'free-float' methodology, and is sensitive to market sentiments and market realities. Apart from the SENSEX, BSE offers 21 indices, including 12 sectoral indices. BSE has entered into an index cooperation agreement with Deutsche Börse. This agreement has made SENSEX and other BSE indices available to investors in Europe and America. Moreover, Barclays Global Investors (BGI), the global leader in ETFs through its iShares® brand, has created the 'iShares® BSE SENSEX India Tracker' which tracks the SENSEX. The ETF enables investors in Hong Kong to take an exposure to the Indian equity market.

About the Main Market

The Main Market is the Exchange’s flagship international stock market for established companies. It provides the world's premier listing and trading environment for equity, debt and specialist securities and sets the standard for capital markets globally.
Corporate advisers including sponsors, stockbrokers, lawyers, accountants and investor relations/public relations advisers play a key role in enabling companies to list on the Main Market, and in helping them make the most of their quotation once they are listed.

What is Forex

Forex market is an international money market. Forex formed its name from foreign currency exchange operation: FOReign EXchange, or FOREX, for short. Forex is one of the youngest financial markets and has had its present appearance since the 1970s. Due to the sheer volume of the money market, Forex is the most dynamically developing market.

Forex’s daily trading rotations reach 4 trillion USD, that is 30 times more than the general volume of all stock market exchange in the US. Like any other market, Forex trades certain goods. In the case of the money market, these goods consist of national foreign currency. Fundamentally, currency rates are set by government institutions as well as commerce companies all around the world that need to convert currency for trading in foreign countries. They make up 5% of the general currency market rotation volume. The other 95% comes from speculative trading on the part of traders trying to earn profit from buying and selling currency at fluctuation rates. An important money market feature is its steadiness.

The main financial market danger comes from sudden drops, or when the stock index collapses. However unlike the stock market, Forex doesn’t drop. When stocks depreciate, that means a crash is coming. But should the dollar fall, this simply means that some other currency will become stronger.

InstaForex financial world

The InstaForex Company provides a complete spectrum of services for currency trading on the international financial Forex market. The company’s main working directions are: providing qualified investment services aimed at earning speculative profit on international financial trading markets.

Dealing Center InstaForex provides the access to the international trading platforms for internet on-line trading. Our clients operate their capital on the currency market Forex staying at home or office. Besides the receiving information about the latest financial world events and reading the economical forecast, you can also receive training in Forex trading by getting the free demonstrational account on currency market Forex. Cooperation with the West Brokers guarantees covering of all clients? orders on Forex. That is why opening a trading account with InstaForex you get a direct access to the market and currency operations on Forex. No one Forex Broker can guarantee profit. Trading on Forex has some risks of partial or full funds loss. This fact should be taken into consideration by any trader who is planning to make profit on Forex. We provide an opportunity to trade without swap. Nowadays more than 10 000 of traders have chosen InstaForex as their Broker for trading on Forex using MetaTrader platform.

Investor Specification

Foreign Investor - specific:


The foreign investors are freely allowed to operate in the capital market without any retention period.

There are no restrictions on the extent of foreign ownership stake and also no limit for holding the shares for trading purposes.

Funds invested in the capital market are freely transferable along with dividend income.

Foreign investors are treated at par with local investors in tax treatment.

Local Investor specific:


Capital gains on sale of listed securities are exempt from income tax up to the year 2010. This exemption is available since 1974.

The dividend is subject to withholding tax at 10%.

Dividend income is taxed as a separate block of income in the hands of individual shareholders.

Any income derived from TFC's is subject to income tax with effect from income year 2001 – 2002.

Lahore Stock Exchange

Lahore Stock Exchange is the second largest and first automated stock exchange of Pakistan.

We are dynamic and emerging market with large number of listed companies and state of the art technology.

We provide a transparent, fair and geographical independent trading environment to attract retail investors.
Lahore Stock Exchange offers trading in equities and derivatives through following markets

• Regular Market
• Odd Lot Market
• IPO Market
• Future Market (Deliverable and Cash Settled Futures)

FOREX.com

Try Currency Trading with a Free $50,000
FOREX.com Practice Account
Trade currencies and gold - no risk, no obligation
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Utilize training & educational tools, including free daily webinars
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Free Share Trading Demo Account

Trade North American, European and Asia/Pacific shares and indices commission free, with 2% margin requirement. To receive a free demonstration version of our online trading software, please complete the form below. This software allows investors to trade and manage a demo account in real time over the internet, with 50,000 "demo dollar" account balance. Since no money is actually at risk, this is an excellent way to evaluate our software and trade execution.

Live market prices stream into the trading software. Just click on a price to trade indices or shares - including S&P 500, Dow Jones Industrials, DAX 30, IBM, Vodafone, Microsoft, and many more.

Comprehensive account-statements, real-time Account Balance tracking and live charts and quotes.

Complete the form below to try a Free demo account now! Login instructions and Password will appear immediately

Moving the Market

Stocks are now sporting a modest year-to-date gain after a strong session in which strength in foreign markets, better-than-expected economic data, and leadership from bank shares helped the S&P 500 ascend to its best level since January.

Monday's gains were broad-based amid relatively high trading volume, which had showed signs of tapering off late last week. More than 1.7 billion shares traded hands on the NYSE this session.

Buyers took early cues from overseas markets, where Asian stocks marched higher following word that several Asian finance ministers ordered an emergency liquidity fund of $120 billion to be pooled. News that China's second quarter GDP is expected to outpace that of the first quarter, and a better-than-expected April PMI report, provided additional support.

European bourses fed off the good news, shrugging off news that the European Commission expects the European Union economy to shrink 4% this year, which is down from the 1.8% contraction that it had previously forecast, according to The Wall Street Journal. Germany's DAX gained 2.8% and France's CAC advanced 2.5%. Britain's FTSE was closed for holiday observance.

The upbeat tone abroad helped support a positive sentiment heading into the U.S. open. Optimism was further bolstered by news that pending home sales for March advanced by a better-than-expected 3.2% month-over-month. Though the news feeds into the housing recovery argument, it threatens to stall a housing recovery since interest rates could respond by moving higher.

Construction spending in March increased 0.3% month-over-month, exceeding the 1.6% decrease that was expected. In turn, the March report will likely be an incremental positive when contemplating first quarter GDP revisions.

The better-than-expected data helped propel the major indices markedly higher in a broad-based advance, but financials garnered the most interest. Led by diversified bank stocks (+20.5%), the financial sector gained 10.1%.

Despite what seemed to be a vote of confidence in banks, participants expect that several banks may need additional capital to satisfy the government's bank stress tests, which are scheduled to be released on May 7. In fact, an AP report said that regulators told Wells Fargo (WFC 24.25, +4.64) to shore up its balance sheet since the bank would have trouble surviving a deeper recession. Earlier in the morning, billionaire investor Warren Buffett indicated in a CNBC interview that Wells Fargo and US Bancorp (USB 20.34, +2.38) would be fine if macro conditions deteriorated further. US Bancorp was actually put on watch negative by Standard & Poor's, according to Dow Jones.

Introduction

VISION

To be a leading financial institution, offering efficient, fair and transparent securities market in the region and enjoying full confidence of the investors.

MISSION

To strive to provide quality and value-added services to the capital market in an efficient, transparent and orderly manner, compatible with international standards and best practices.
To provide state-of-the-art technology and automated trading operations, driven by a team of professionals in accordance with good corporate governance.
To protect and safeguard the interests of all its stakeholders, i.e. members, listed companies, employees and the investors at large.
To reflect the country’s economic health and behavior and play its role for the growth, development and prosperity of Pakistan.

Stock market

The turnover volume stood at 272.941 million shares as prices of 290 scrips recorded gains while 54 sustained losses and seven remained unchanged.



A dealer at a leading brokerage house said that market was bullish since morning on hectic buying. Bulls were in total control in both the sessions and they drove the bears out from the market at the weekend.



The market capitalisation improved by about Rs 90.011 billion to Rs 2.290 trillion.



KESC was the volume leader with a turnover of 16.958 million shares followed by NIB Bank 16.732 million shares, NBP 13.416 million shares, Bank of Punjab 13.089 million shares and Pervez Ahmed 12.766 million shares.



Bank Al-Falah closed at 14.73, NBP 101.30, NIB Bank 6.53, DG Khan Cement 26.50, KESC 3.73, Jahangir Siddiqui Co 38.30, Bank of Punjab 15.75 and Pak PTA 3.17.


Wyeth Pak recorded the highest gain of Rs 43 to close at 1494 followed by Bata Pak which went up by Rs 31.99 to 826.99 while Unilever Pak dipped by Rs 14.80 to 1815.20 and Hinopak Motors went down by Rs 9.87 to 187.54.

CURRIENCIES

# Take your investment strategy beyond the US economy. Trade your view on the US, the European Union and Japan - or look beyond the US entirely and gain exposure to other major international economies such as the United Kingdom, Canada, Australia, and Switzerland among others.

# No short selling restrictions - Take advantage of trading opportunities in both up and down markets; freely trade your bearish view on a country via its currency.

# Trade on your schedule - The forex market is open 24 hours a day, 5 days a week.

# Trade commission-free - Pay only the bid/ask spread.

Demo Account

Trade North American, European and Asia/Pacific shares and indices commission free, with 2% margin requirement. To receive a free demonstration version of our online trading software, please complete the form below. This software allows investors to trade and manage a demo account in real time over the internet, with 50,000 "demo dollar" account balance. Since no money is actually at risk, this is an excellent way to evaluate our software and trade execution.

*

Live market prices stream into the trading software. Just click on a price to trade indices or shares - including S&P 500, Dow Jones Industrials, DAX 30, IBM, Vodafone, Microsoft, and many more.
*

Comprehensive account-statements, real-time Account Balance tracking and live charts and quotes.

Lahore Stock Exchange

Lahore Stock Exchange is the second largest and first automated stock exchange of Pakistan.

We are dynamic and emerging market with large number of listed companies and state of the art technology.

We provide a transparent, fair and geographical independent trading environment to attract retail investors.

Lahore Stock Exchange offers trading in equities and derivatives through following markets

• Regular Market
• Odd Lot Market
• IPO Market
• Future Market (Deliverable and Cash Settled Futures)

Stocks - Shares

The concepts involving stocks and shares are often baffling to people. However, it is not quite as complex as people make out. At its most basic, a share of stock is a share of ownership in a corporation, when someone owns more than one such stock, they are known as a shareholder. These shares can take a number of forms and can influence whether or not a person owning them can vote in corporate decisions. Like most things in our society, however, the concepts involved have a long history dating back to Roman times and play large role in shaping everyday life.

The Roman Empire contracted many of its services to private groups called publicani. Shares in these were called socci when the cooperatives were large, and particulae for smaller companies (like todays Over-The-Counter shares). Records are small for this time but there is an account of it in Edward Chancellor’s Devil Take The Hindmost. In this book he refers to speculation that these shares were very widespread, possibly causing the first of what is known as speculative bubble in stocks, when price of stocks rise and become overvalued by any measure. From the Middle Ages onwards the first company to issue shares of stock was the Dutch East India Company in 1606. This is notable as it is of great interest to historians due to the legalities of their actions.


But what about today How are shares managed in modern Britain First it should be noted that shares can be held not just in stock, but also in mutual funds, limited partnerships, and REIT's (Real Estate Investment Trust), but shares in stock are the most well known forms and there are some different versions of it in the modern day: Common Stock: This normally carries voting rights that can be used in corporate decisions.


Preferred Stock: This does not typically carry a voting right, but the owner of preferred stock is legally allowed receive a certain amount of dividend (payments made by a corporation to its shareholder members) before any can be issued to others. One of the largest stock exchanges in the world is the LSE, or London Stock Exchange near St. Paul’s Cathedral in the City of London. Founded in 1801 it deals with the stocks of around 3,233 corporations, showing the sheer size and infrastructure that shares have today.