KSE board approves oil, banking indices

KARACHI, May 13 (Business Recorder): The board of directors of Karachi Stock Exchange Wednesday approved introduction of two new indices ie oil and banking. Initially, some four companies including Oil and Gas Development Company and Pakistan State Oil would be incorporated in the oil index. While some eight leading banks would be included in the banking index.
According to sources, KSE has sent the proposal to the regulator and formal announcement would be made after the approval of the Securities Exchange Commission of Pakistan.