When was the Karachi Stock Exchange founded____________?
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Answer: B. 18 September 1947
Explanation
The Karachi Stock Exchange was formally established and registered on September 18, 1947. Financial history archives confirm that traders founded the exchange shortly after independence. September 18 marks the official birthday of the institution that later evolved into the Pakistan Stock Exchange. Stock exchanges are vital financial institutions that facilitate capital formation and corporate investment. Establishing early economic institutions was a top priority for the newly formed government in Karachi. The Karachi exchange eventually merged with other regional bourses to form a unified national stock market.
Financial markets serve as economic barometers reflecting investor confidence and corporate health. Studying the origins of banking and commerce helps economists understand national financial development. Stock exchanges provide platforms for citizens to invest in industrial enterprises and public companies. August 18, 1947, is just days after independence when national establishment efforts were just beginning. October 8, 1947, is later in the autumn and misses the actual September formation date. November 21, 1947, occurs months after the formal business registration of the stock exchange.
- Subject
- Pakistan Studies
- Category
- Pakistan Studies
- Topic
- —
- Difficulty
- medium
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