Glossary · PSX Mechanics
All Share Index
The PSX All Share Index tracks the performance of every company listed on the exchange. While the KSE-100 focuses on the largest 100 companies, the All Share Index provides a broader view of the entire Pakistani equity market.
01—What is All Share Index?
The definition — and what it means in practice.
The All Share Index is a stock market index that tracks the combined performance of every company listed on an exchange. On the Pakistan Stock Exchange (PSX), it aims to reflect the overall direction of the entire listed equity market, rather than focusing only on the biggest or most liquid shares. This makes it broader than indices such as the KSE-100, which covers a subset of large companies.
For investors, the All Share Index is a useful yardstick for understanding how “the whole market” is moving, including smaller and less-followed shares that may not influence large-cap indices much. It can help you compare your portfolio’s performance against a broad benchmark, and it can highlight whether gains or declines are concentrated in a few large stocks or spread across many listed companies.
If most PSX-listed companies rise together, the All Share Index rises too; if many fall, it falls, giving a whole-market view beyond just 100 large stocks.
- Covers every company listed on the PSX, giving the broadest single-market snapshot.
- Broader than the KSE-100, which represents only the largest 100 companies.
- Helps judge whether market moves are widespread or driven by a small group of large shares.
- Useful as a reference point when reviewing overall portfolio performance.
02—How all share index works on the PSX
The Pakistan-specific rules, conventions, and numbers.
On the PSX, investors commonly track headline indices such as the KSE-100, but the All Share Index provides a wider lens by including all listed companies. That difference matters when smaller-cap shares are moving differently from large caps, because those moves may show up more clearly in a broad index than in a large-cap benchmark.
In day-to-day practice, a PSX investor encounters the All Share Index as part of the market overview alongside other benchmarks (such as the KSE-30 and KMI-30). It is typically used for context, rather than for placing an order: your trades still happen stock-by-stock through your broker, and settlement follows PSX processes such as T+1 settlement and electronic shareholding at the Central Depository Company (CDC).
03—Common misconceptions
Where investors most often get this wrong.
If the KSE-100 is up, the All Share Index must be up too.
Not necessarily. The KSE-100 reflects only large companies, while the All Share Index includes every listed company, including smaller ones that may be falling.
The All Share Index is the ‘best’ index to trade directly.
An index is mainly a measurement tool. On the PSX you trade individual listed shares (and other instruments where available), not the index itself.
All Share means it includes every share in Pakistan.
It includes every company listed on the PSX, not private companies or assets outside the exchange.
04—Using all share index on BSL
Where this term shows up across the platform — with live data.
- Check broad market moves on the market page.
- Compare large-cap performance with the KSE-100 Index.
- See other PSX benchmarks alongside it, such as the KSE-30 Index.
- Look up the full list of tradable listed shares via Stocks.
05—Frequently asked questions
What investors ask about all share index on the PSX.
Frequently Asked Questions
The PSX All Share Index is a market index designed to track the performance of every company listed on the Pakistan Stock Exchange, giving a broad view of overall market movement.
The KSE-100 covers the largest 100 listed companies, while the All Share Index includes all PSX-listed companies. As a result, it can reflect smaller-company moves that may not affect the KSE-100 much.
It helps investors gauge whether market gains or losses are spread across many listed companies or concentrated in a small number of large shares, and it can be used as a broad benchmark for portfolio comparison.
An index is a performance measure, not a tradable share. Investors generally trade individual listed shares through a broker, and use indices like the All Share Index to understand market direction.
No. The All Share Index is broad and includes all PSX-listed companies. A separate Shariah-focused benchmark exists for compliant listings, such as the KMI All Shares index.
06—Related terms
Keep building the picture.
A statistical measure tracking the performance of a selected group of securities. The KSE-100 Index is Pakistan's primary benchmark, representing the 100 largest companies listed on the PSX by market capitalisation.
The primary benchmark index of the Pakistan Stock Exchange, comprising the 100 largest listed companies by market capitalisation across all sectors. Widely used as a barometer of Pakistan's equity market performance.
An index of the 30 largest and most liquid companies on the PSX, selected based on free-float market capitalisation and used as a tradable index for certain derivative products.
The total market value of a company's outstanding shares, calculated by multiplying the share price by the number of shares in circulation and used to classify companies as large-cap, mid-cap, or small-cap.
The portion of a company's shares available for public trading, excluding shares held by promoters, directors, or strategic investors. A higher free float generally means better liquidity.
Spreading investments across different assets, sectors, or geographies to reduce the impact of any single position performing poorly.
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