The document discusses the Karachi Stock Exchange (KSE) in Pakistan. It provides background on the KSE, establishing that it was founded in 1949 and is Pakistan's largest stock exchange. It also discusses some key terms related to stock exchanges, such as shares, and the roles that different entities play in the stock market such as members, agents, investors, and banks. The document outlines how stock exchanges can raise capital for businesses and mobilize savings for investment in a country's economy.