Islamabad Stock Exchange or ISE is one and 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. For the first time, it started trading in July 1992.Trading System of Islamabad Stock Exchange (ISE)
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.
Members / Brokers of Islamabad Stock Exchange (ISE)
Currently Islamabad Stock Exchange has 120 members against 200 as allowed to the exchange, in terms of Article 3(a) of Articles of Association. Of 120 members, 26 are individual and 94 are corporate members.
Listed Companies of Islamabad Stock Exchange (ISE)
There are 261 companies listed in Islamabad Stock Exchange at the moment. However, number of listed companies varies from time to time due to delisting, mergers and default of companies.
ISE Towers (Islamabad Stock Exchange Towers) – Islamabad, Pakistan.
ISE intended to construct a high-rise structure in order to cope with the up-coming demands of stock exchange business. For this purpose, ISE build new building which is properly designed using latest techniques to with stand against any natural disasters. The salient features of this building are as under:
ISE tower is 22 storey building located at (plot no 3035) Jinnah Avenue Blue Area Islamabad which makes it the second highest tower of Islamabad after construction of Telecom Towers. Area covered by the building is 562,629 sq.ft, it consists of three levels of basements and ground plus 18 floors above. Basements have capacity to accommodate three hundred cars at a time; also it has a plant room for latest HVAC system requirements. Ground floor is allocated for meeting the requirements of banks. Each floor is provided with (6 No) passenger lifts, accompanied by one cargo lift and three stair halls. The central cooling and heating system is provided in the building and it is also equipped with latest communication and electrical systems. For a safe working environment, properly designed fire fighting system is provided along with the emergency fire exists. It is also the first building in Islamabad to have an LCD screen attached on it.
ISE Towers are designed by NESPAK Pvt. Ltd. and the contractors were Habib Rafiq Pvt. Ltd. The construction started in early 2006 and the Towers were completed in April 2009. It was inaugurated by Prime Minister Syed Yousuf Raza Gilani on 31 July 2009.
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