Pakistan's Murree Beer Shares in KSE-100 Index
Murree Brewery Company (KAR-MURE), a publicly listed beer maker founded in 1861, has now been added to the Karachi Stock Exchange's KSE-100 index, according to media reports from Pakistan's financial capital Karachi. The Murree Brewery is one of the oldest public companies of the sub-continent. Its shares were traded on the Calcutta Stock Exchange as early as 1902, and is now the oldest continuing industrial enterprise of Pakistan, and among the top 25 performing public companies listed on the Karachi Stock Exchange . The Karachi Stock Exchange KSE100 Index includes the top company from each of the 34 sectors on the Karachi Stock Exchange, in terms of market capitalization. The rest of the companies are picked on market cap ranking, without any consideration for the sector to make a sample of 100 common stocks with base value 1,000. As of Feb 26, 2010, the new index, with the inclusion of 11 new companies, makes up 91.11 percent of the total market capitalization of Karachi S...