Bourse: KSE to launch Index Futures Contracts
KSE will launch SIFC on tradable sector indices from January 2012 in oil and gas and banking sectors.
November 17, 2011
Less than a minute read
Bourse: KSE to launch Index Futures Contracts
KARACHI:
Karachi Stock Exchange (KSE) will launch Stock Index Futures Contracts (SIFC) on tradable sector indices from January 2012 in oil and gas and banking sectors. According to KSE here on Wednesday, oil and gas sector will have four companies namely, OGDC, POL, PSO and PPL while banking sector will have MCB, NBP, UBL, HBL, Bank Al-Falah, ABL and Bank Al-Habib. Sector Index Futures offer opportunities to investors wishing to gain exposure in specific sectors without actually buying each share in that sector. Such investors can use SIFC on sector indices to take positions in an entire sector which can be purchased and sold easily and inexpensively. SIFC contracts on tradable benchmark indices are agreements to buy or sell a standardised value of a tradable sector index thereby allowing investors to track the performance of a basket of securities in a given benchmark index.
Published in The Express Tribune, November 17th, 2011.
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