Before going to our main topic we must first know the meaning of stock exchanges.
So, stock exchange is a sorted out sale platform for the buy and clearance of protections. Stock exchange play an important and depicted role in gauge of affliction and thriving of a country. The operational hub of funds and legislative issues of a country and as the store of the world. All developing political, monetary and mechanical states of the country are thought about the stock exchange. Its business will be business of organizations. It is similarly advantageous to financial specialists, brokers, investors, and government. It fills in as a turn of the exchange market and post of capital. Moreover, stock exchange is a significant union in an industrialist economy.
Nowadays, the two of the world’s biggest exchanges are
Pakistan Stock Exchange
Pakistan stock exchange, one of the emerging stock exchanges was formerly known as Karachi stock exchange. Back in 2012, after the implementation of Corporatization, Demutualization and Integration Act was converted to the public sector. In the year 2015-16 the Karachi, Islamabad and Lahore Stock Exchanges merged together and renamed as PAKISTAN STOCK EXCHANGE. The total market cap of PSX with 558 enlisted companies is PKR 9836 Bn. The companies registered in PSX are further divided into 35 sectors or groups of industries.
New York Stock Exchange
New York stock exchange is the largest stock exchange of the world due to the total market capitalization of its mentioned securities. The NYSE, previously a private organization back in 2005 becomes an open unit after purchasing the electronic trading exchange Archipelago. The development of NYSE Euronext made when it merged with the largest stock exchange of Europe, Euronext, which was further personalized by the current custodian of the New York Stock Exchange, the Intercontinental Exchange. The total market cap of NYSE in June 2018 was estimated to be $28.5 trillion.