Prevalence of Intestinal Parasites in Pet Rabbits S1009684

Prevalence of Intestinal Parasites in Pet Rabbits S1009684 Analyzing the prevalence of intestinal parasites in pet rabbits s1009684 ABSTRACT Domestic rabbits are becoming increasingly popular as household pets. There is conflicting advice currently given to pet owners with regards to the prevalence of intestinal parasites. 36 rescue rabbits were faecal sampled and assessed for intestinal parasites using a McMasters counting chamber method whereby oocysts per gram (OPG) were calcualted. Of the 36 rabbits sampled, 30 were shown to have intestinal parasites, coccidia being the most prevalent at 83%. Age of the rabbit sampled showed to be a significant indicator for prevalence of infection with rabbits 3 months to 1 year old having the highest prevalence of coccidia. Breed or number in housing environment had no effect on prevalence. Nematodes and cestodes were found in some of the rabbit faecal samples but were not considered significant. No rabbit sampled showed signs of disease or ill health, therefore concluding that OPG was not an indicator for prophylactic intestinal parasite treatment. INTRODUCTION Rabbits are currently rated the third most popular pet in the UK with PDSA estimating the pet population to be around 1.7 million (PDSA Animal Wellbeing Report 2012). As pet rabbits are available in a multitude of varying breeds, sizes, body shapes and personalities it is no wonder they have increased significantly in popularity as pets over the years. Typically domestic rabbits have a life span of 8-12 years with many living longer if cared for in the most appropriate manner. Cat and Dog owners today are very aware of the importance of routine intestinal parasite prevention however, the same cannot be said for rabbit owners. Currently there is a lack in continuity of advice from breeders, pet shop owners and vets as to whether or not it is appropriate to routinely prevent against intestinal parasites. Common intestinal parasites of pet rabbits are Coccidia, Nematodes and Cestodes all of which show little to no zoonotic threat. Coccidiosis is the most common intestinal parasite in rabbits and is a highly contagious protozoal sporazoral infection (Bhat et al 1996). It is caused by the protozoal parasite Eimeria sp. There have been as many as 25 species of coccidia identified, each with varying degrees or pathogenicityand organ specificity (AL-Naimi et al 2012). Healthy rabbits can be asymptomatic carriers of the protozoa. All Eimeria species undergo complex life cycle having both intracellular and extracellular stages and asexual and sexual reproduction (AL-Naimi et al 2012). Coccidiosis is initiated by oral ingestion of the sporulated oocyst by a susceptible host (AL-Naimi et al 2012) and the â€Å"infection will develop into disease in young rabbits primarily whereas adults are mostly carriers† (Coudert P., 1989). There are two main forms of the disease, hepatic and intestinal with the latter being more common (Coudert et al. 1995). The majority of the intestinal species develop in the small intesti nes. Symptoms of the disease include failure of young animals to gain weight, diarrhoea, anaemia and growth retardation (Hobbs and Twigg 1998). There are non pathogenic to slightly pathogenic Eimeria sp (E.media, E. exigua, E.perforans E. coecicola), moderately pathogenic (E. irresiduia , E.magna, E.piriformis) and extremely pathogenic (E.intestinalis, E.flavescens) (Licois and Coudert, 1980; Coudert et al., 1993). In all the intestinal types the prepatent phase lasts from 5-35 days. The nematode or pinworm Passalurus ambiguus is a very common parasite of the domestic rabbit (Boag 1988). They are long thin worms which are often first noted by owners on the surface of freshly passed faeces (Boag et al 2001). The adult worms are inactive with the immature larvae being mildly pathogenic causing weight loss (Cattadori, Albert and Boag, 2007). Infection is spread through faecal oral route from contaminated animals (Cattadori, Albert and Boag, 2007). Less common nematodes found in domestic rabbits are the Obeliscoides cuniculi and the Trichostrongylus spp (Cattadori, Albert and Boag, 2007). The most common cestode or tapeworm to be found in the domestic rabbit is the Taenia pisiformis, however in general cestodes are not commonly isolated from pet rabbits (Cattadori, Boag and Hudson, 2008). The larval forms of the tapeworm develop in the liver and abdominal cavity, compared to the adult form which can be found in the intestines of the rabbit (Cattadori, Boag and Hudson, 2008). The larval forms are more common in hutched rabbits. The life cycle of the T. pisiformis is dependent on the dog. Rabbits acquire tapeworms by ingesting contaminated feed and water containing tapeworm segments and eggs from the faeces of dogs (Poderson and Fenton, 2006). The young larvae are then released from the egg, penetrate the digestive tract and migrate to the liver (Poderson and Fenton, 2006). They migrate within the liver, entering into the abdominal cavity. Here they will form fluid filled cysts (cysticerci) which can exit the abdominal cavity with faeces which can then be ingested by do gs (Dolibes-Matcos et al,. 2009), where it is able to develop into a mature tapeworm (Poderson and Fenton, 2006). Therefore parasite prevention within multi pet households plays a pivotal role in cestode population within domestic rabbits (Poderson and Fenton, 2006). There has been considerable research done on intestinal parasites of rabbits used for farming purposes, whether it be for meat or fur production as they have the potential to be a production loosing expense. However the same cannot be said for the domestic household pet rabbit. For this reason there is inconsistent advice given to rabbit owners with regards to the prevalence, prevention and treatment of intestinal parasites. In an attempt to correct this short coming, this study aims to analyse the prevalence of intestinal parasites in a random population of domestic rabbits, to ascertain if prophylactic intestinal parasite treatment is warranted. METHODS AND MATERIALS Faecal samples were collected from 36 randomly selected domestic rabbits. The rabbits were all rescued or surrendered rabbits with unknown previous parasite treatment history. The rabbits were all of varying ages and breeds. The rabbits when sampled were all housed outdoors either in multi rabbit accommodation or single hutches. It was unknown if the rabbits had previously been housed indoors or outdoors. Fresh faecal pellets were collected from each rabbit individually. The faeces was stored in plastic sealed bags and stored at 4 °C until analysis. The McMasters technique was used to assess the faecal samples. 4 grams of faeces was placed into a container and 56ml of saturated salt solution was added (400grams of sodium chloride in 1000ml of water with a specific gravity of 1.18-1.20) (Carvalho et al. 2011; Mundt et al. 2005; Velkers, et al. 2010). The contents of the container were thoroughly mixed and then filtered through a tea strainer (Cattadori, Albert and Boag, 2007). The r emaining suspension was then transferred into the McMasters counting chamber using a pipette and rested for 5 minutes (Coudert et al. 1995). The number of oocysts, nematodes and cestodes were calculated within each chamber and then multiplied by 50 to give the oocyst, nematodes or cestode per gram of faeces (OPG) (Cattadori, Albert and Boag, 2007). Analysing the McMasters chamber allowed for the identification of different nematode and cestode eggs however only the Eimeria sp was able to the identified. Further analysis into what subspecies was present was not completed as this required sporulation of the oocysts which was not feasible in this study. This statistical package Minitab was used for data analysis and a value of P RESULTS Of the 36 rabbit faecal samples tested, 30 rabbits showed to have intestinal parasites. Table 1 shows the most common parasite found on faecal analysis was coccidia, Eimeria sp with a prevalence of 83% followed by Passalurus ambigious 22%. With 83% of the population sampled infected with Eimeria sp further analysis was done with regards to possible influences on the intensity of invasion. Table 2 shows the effect of age of the rabbits with regards to prevalence of Eimeria sp. There was a significant difference (P value Eimeria sp. There was a higher prevalence noted with rabbits who were aged 3 months to 1 year compared to less than 3 months or over one year old. This is consistent with results recorded by Fa Jing et al. 2011. Table 3 shows the effect of breed with regards to the prevalence of Eimeria sp. The Lionhead rabbits were most effected with Eimeria sp, with a prevalence of 28% however there was no significant difference (P value >0.05) in varying breeds with prevalence of th e parasite. Table 3 reports that there was a slightly higher prevalence of Eimeria sp in rabbits housed in a multiple rabbit hutch compared to rabbits who were housed signally, prevalence being 44% and 39% respectively. However, there was no significant difference seen between the two groups (P value >0.05). Table 1: Prevalence of intestinal parasites of 36 sampled domestic rabbits Table 2: Prevalence and intensity of coccidia infection in rabbits sampled dependent on age groups Table 3: Prevalence and intensity of coccidia infection in rabbits sampled dependent on breed Table 4: Prevalence and intensity of coccidia infection in rabbits sampled dependent number in housing DISCUSSION Rai et al. (1985) reported that coccidosis was the most common protozoan disease encountered by rabbits causing acute and chronic disease in all age groups. Be it that the subject group Rai et al 1985 reported on were farmed rabbits destined for the meat trade, this study focussing on domestic pet rabbits has revealed comparable results, with Eimeria sp being the most prevalent internal parasite recorded. Coudert, (1989) suggested that there was no correlation between OPG and the severity of the disease seen in the rabbits. This suggestion correlates to the results reported in this study as even the rabbits with the highest OPG’s, Lionhead breeds and rabbits of 3 months to 1 year of age were not showing any signs of clinical disease (Licois and Coudert, 1980; Coudert et al., 1993). Previous studies by Pakandl et al. (2008) and Papeschi et al. (2013) showed that adult rabbits have the ability to be asymptomatic carriers of the protozoa which stands to reason why non of the rabb its sampled for this study who showed to have a coccidia infestation were not showing any clinical signs of illness. Bhat et al. (1996) described rabbit coccidia as â€Å"very immunogenic† with the ability for hosts to develop natural resistance especially with regards to E.intestinalis. Possibly this may be the reason for 6 rabbits of the 36 sampled to be free from coccidia. A â€Å"crowding phenomenon† was described by Brackett and Bliznick, (1952) which discusses the importance of housing population numbers with respects to OPG’s recorded. Although the prevalence of coccidia in rabbits housed in multiple numbers was higher compared to rabbits housed as individuals, there was no significant difference to be found between the two in this study. Subclinical coccidiosis disease is a possible explanation for 30 of the 36 rabbits sampled who showed to have OPG but not showing clinical signs of disease. As there was no previous history on the rabbits, it is not possible to determine if the rabbits have been slowly decreasing on body weight over time. Even though body weight is a simple recording to be made it is the most accurate when determining if subclinical protozoan disease is present or not (Boag et al 2001; Licois and Coudert, 1980). Multiple studies have shown that there is a relationship between myxoma virus and internal nematode infections within rabbit populations (Boag, 1988; Boag et al., 200; Lello et al., 2005). It has been concluded by Cattadori et al., (2007), (2008) that rabbits which are infected with myxoma virus and or rabbit haemorrhagic disease virus (RHDV) are more susceptible to intestinal nematode and cestode infections (Licois and Coudert, 1980). Given that the vast majority of domestic rabbits are commonly vaccinated against both myxoma virus and RHDV, it stands to reason that this is a contributing factor for the low nematode and cestode prevalence recorded in this study. The aim of this study was to determine if the prevalence of intestinal parasites in pet rabbits warrants routine worming. Given that no rabbit in the sample population was showing signs of clinical intestinal parasitic disease and there were low prevalence percentages for nematodes and cestodes, it can be concluded that routine worming of pet rabbits is not warranted. The high prevalence of coccidia within the population could be contributed to asymptomatic carriers, whereby until clinical signs of disease develop namely weight loss and diarrhoea it would then be appropriate to consider treatment for the disease. This topic should not be considered exhausted by any means. There is great room for scope in this field with only limited research published on this subject to date. Further studies would benefit from greater background knowledge on the sample population, especially with regards to previous medical history and treatment. Given that the domestic rabbits as household pets is continuing to increase in popularity further research into preventable disease is paramount.

Beginnings

All great things In life start with an even greater beginning. When I was 12 years old I Joined my first competitive swim team; I swam for the downtown Suffolk YMCA. At first I only swam because of all of my friends that swam and I wanted to spend more time with them, but then realized how much more potential I had In swimming. After that moment I started to become more and more dedicated to swimming. I began to realize the true competitive nature of swimming and I liked it. Swimming has become a big part of my life since then and the beginning is the most important part to all good decisions.I first started swimming to be with friends and to make new friends. After we were on the same team we started to challenge each other and race one another to see who was the fastest. That's how I began to see the competitive nature of swimming. Nick Burton and Joey Kauffman are two guys I started racing me near the beginning of my swimming career and I still race them now to get better. My fami ly always supported me when I went to my meets. My brother would be swimming In the same meet, he could be In the next event, but he always took time to cheer for me; Then, I started to do the same for him.My mom Is the only reason could even do swimming, without her I would never have had a ride to any practices. Karen Keenan was my first coach on ODDS; she is the reason I am where I am at today. The first team I ever joined the YMCA cancelled the entire swimming team program. I had a choice put in front of me: stop sports all together, Join ODDS, or find another mediocre swim team. I chose to Join ODDS; ODDS stands for Old Dominion Aquatic Club. Once I joined ODDS I began to practice more and more. I spent more and more and more energy on practices and I could feel myself getting better, so it was equivalent to a new beginning in my eyes.I was more prepared to race on a higher level and I wanted to. After I got my first tastes of true competition, all I wanted was more of It. I be gan to practice harder than I ever had before In order to get to the next level. The next level for me was to get 3 state championship time standards and make It to the high performance group. Once I made t there I did not stop I still wanted to get better and try my hardest; there is always a higher goal. My next goal was to make national standards; I did not stop there, my new goal is to make the US Open and race against the top athletes in this country.In Conclusion, Swimming is one of my greatest achievements; I only made it this far because of how I began in swimming. Beginnings are one of the most important parts of beginning something new, along with Influential people, A lot of dedication, and a strive to do more than you ever have before. Those key factors are the reasons some people get so good at what they do. Just always remember, Beginnings are Important. Beginnings By loggias All great things in life start with an even greater beginning. When I was 12 years more time w ith them, but then realized how much more potential I had in swimming. Supported me when I went to my meets.My brother would be swimming in the same meet, he could be in the next event, but he always took time to cheer for me; Then, I started to do the same for him. My mom is the only reason I could even do swimming, The first team I ever Joined the YMCA cancelled the entire swimming team Aquatic Club. Once I Joined ODDS I began to practice more and more. I spent more After I got my first tastes of true competition, all I wanted was more of it. I began to practice harder than I ever had before in order to get to the next level. The next level for me was to get 3 state championship time standards and make it to the high important.

My Life Of Pursuing Higher Education - 917 Words

The thought of pursuing higher education wasn’t uncommon in my household. Even though no one in my family had ever gone to college, my mother desired to see her children attend. I remember such encouraging phrases for me to proceed to college since I was a child barely in elementary. Her weary eyes, though dulled through the years, twinkled some spark of hope, a smothered remembrance from what she wished could be. With that spark, my mother would tell me the lay of my future. Of course the choice of occupation was mine, she would make that clear, but I was well informed that my education would continue beyond high school. With this she would smile revealing lines well worked into her cheeks and brow. Such features had perhaps been created through many a mirthful event, yet I knew this smile was my mother’s escape from the pain she felt and the lines were worn by pass and current wearies. My mother knew not of the challenges that I would face in later years, but her teac hings provided as a stable foundation to base my decisions on what was to come. Despite my mother’s efforts, from a young age I was urged to remain what people viewed my family to be. I was to work after high school and refrain from any yearning of college. As I entered the early stages of high school, people often expressed their thoughts of my dream to continue to college. Blinded by ignorance, armed with hatred, and gifted with speech, several came to me with pleading tones, downgrading comments, andShow MoreRelatedHigher Education: Pursuit of Degrees1654 Words   |  7 PagesHigher Education: The Pursuit for Degrees Pursuing a degree is more valuable than not. My employer without warning decided to end pay raises and step increases for its employees. The impact was so crucial for me that it caused me to evaluate my situation and decide what was best for me to do in order to support my family. 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Expanding the way you learn, think, and express yourself is necessary if you want to be successful in whatever you decide to do. Without a college education, you will not have many choices when looking for a job. An associate, bachelors, masters, and so on, will help you with a career of your choiceRead MoreBecoming A Licensed Christian Counselor920 Words   |  4 Pageson the explanation of God’s physical, emotional and spiritual design for them. This is where the Christian counselor comes in. It is my dream and goal to ultimately become a Christian counselor specializing in at-risk teens and families. To become a licensed Christian counselor, one must start the journey by setting solid academic goals and pursuing the education required for such licensure. For me, these educational goals include Associate’s and Bachelor’s degrees in Psychology and a Master’s degree

Flexible Work Schedules Essay - 756 Words

Technology has been rapidly changing the appearance of organizations and the way we interact with others on a daily basis. In an evolving marketplace, technology provides growth opportunities to organizations and assists in the continuation of a competitive. Many organizations have tested the new flexible schedule work theory to use modern technology as a competitive advantage and a way to stay ahead of the competition. Flexible schedules can have positive and negative effects on an organization. Positive effects include reducing overhead costs by saving money in the office by saving cost on supplies, electricity, and the amount of space an organization needs which assists the company in participating in the go green campaign and flexed†¦show more content†¦Management must ensure the appropriate amount of daily contact such as video-conferencing, frequent phone calls, and e-mails to keep track of employees, this will also assist managers in creating an environment where ever yone feels as if they are part of the team. When conflict does arise, the manager should address the conflict immediately through a face-to-face meeting. There is often a miscommunication through technology, voice tones and messages can be misconstrued. Each off-site team member should have a leader and a manager to contact when issues or conflicts arise. At Boeing, there is a large gap between the generations employed. The â€Å"pre-senior boomers† age ranges from 50-65 and Generation Y â€Å"the newbies† age ranges from 22-30. There tends to be a lot of conflict between the two generations, the â€Å"pre-senior boomers† feel Generation Y is overly confident and lacks the social skills necessary to build rapport with the customer and co-workers and Generation Y feels the Boomers are unsusceptible to change and take everything to a personal level. Boeing does not allow flexible schedules in the workplace due to the differences in performance from the two generations they feel that this may cause unnecessary conflict and lack of performance due to personal distractions. I feel that Boeing has made the right choice in not pursuing flexible work schedules, they have done a test run in the past and many individuals wereShow MoreRelatedFlexible Work Schedules1800 Words   |  7 PagesIntroduction The world of work is transmuting. 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There Was a Child Went Forth and Do Not Weep, Maiden, for...

There are many pieces of American Literature that include American Values and mixed emotions. Some writers pushed the details further than others. I think the writers Walt Whitman and Stephen Crane did a great job of writing realistically. They both wrote pieces that people still analyze even today. Therefore, there will be an explanation of Walt Whitman’s, â€Å"There Was a Child Went Forth† and Stephen Cranes, â€Å"Do Not Weep, Maiden, for War Is Kind†. The poem â€Å"There Was a Child Went Forth† was written by Walt Whitman around the year 1856. Walt wrote this as if he was a child and how they experience the world. There are many reasons for how a child develops and that is why everyone is unique. We all have different observations when it came to the family, people, and nature that we grew up around. All of this exposure helps to create how the child makes decisions and proceeds to their own future. For example, â€Å"And that object became part of him for the day or a certain part of the day† (American Literature 178). This explains how a child becomes the first object that they see. The child integrates the object into himself for a while. There are many objects that can fill a child’s heart with joy. Children develop at different paces and I think the society and culture they grew up in helps shape them into whom they are as a person. The following example explains that, â€Å" His development is shown objectively by interlinked patterns of space, colors, passing time, and socialShow MoreRelatedDetailed Summary on Greek Mythology by Edith Hamilton Essay7051 Words   |  29 PagesI-THE GODS The Greeks believed that the Earth was here before the gods; the gods did not create the universe, instead the universe made the gods. So the heaven and earth were the first parents, after them came the titans, and following them came the gods and goddesses. The titans were known to be big and of great strength. The one titan who over-ruled the rest was Cornus, also known as Saturn. He reigned until Zeus- his son dethroned him. Zeus was amongst the twelve Olympians, the other eleven includedRead MoreEnter Antigone and Ismene from the Palace10899 Words   |  44 PagesAntigone Enter ANTIGONE and Ismene from the palace. ANTIGONE: Ismene, my dear sister through common blood, do you know of any evil from Oedipus Zeus will not perform on us who still live? For I have seen nothing—nothing painful, nothing mad or shameful or dishonorable—(5) that is not among your or my sorrows. And now what do they say? The general has just put an edict over the whole city. Have you heard it? Or have you avoided learning how our friends suffer the fate of foes?(10) Read MoreEssay on The Odyssey21353 Words   |  86 PagesThe Odyssey Set in ancient Greece, The Odyssey is about the hero Odysseus long-awaited return from the Trojan War to his homeland, Ithaca, after ten years of wandering. The current action of The Odyssey occupies the last six weeks of the ten years, and the narrative includes many places - Olympus, Ithaca, Pylos, Pherae, Sparta, Ogygia, and Scheria. In Books 9-12, Odysseus narrates the story of his travels in the years after the fall of Troy, and this narrative includes other far-flungRead Moretheme of alienation n no where man by kamala markandeya23279 Words   |  94 Pagesof Oedipus and his wife-mother, Jocasta, as well as the double fratricide of Eteocles and Polynices. Furthermore, Antigone dies after defying King Creon. The play is set in Thebes, a powerful city-state north of Athens. Although the play itself was written in 441 B.C., the legend goes back to the foundations of Hellenic culture, many centuries before Sophocles’ time. All the scenes take place in front of the royal palace at Thebes. Thus Sophocles conforms to the principle of the unity of place

Stock Exchange Free Essays

What is Stock Exchange? A stock exchange is the market place for the purchase and sale of second hand securities. It provides â€Å"trading† facilities for stock brokers and traders, to trade shares of the listed companies and other financial instruments such as Term Finance Certificates and Derivatives. Stock exchanges also provide facilities for the issue (listing), redemption (delisting) of securities and other capital events including the payment of income and dividends. We will write a custom essay sample on Stock Exchange or any similar topic only for you Order Now It is a key institution for smooth functioning and steady growth of the corporate sector and can be seen as a key to the economic life of a nation. Stock exchange is the home of the capital and pivot of the money market, providing proper mobility for capital. The securities of joint-stock companies, government securities and securities issued by semi-government organization are dealt with on a stock exchange. History of Stock Exchange The history of stock exchanges can be traced to 12th century France, when the first brokers (the role of an individual or a firm when it acts as an agent for a customer and charges the customer a commission for its services) are believed to have developed, trading in debt and government securities. Unofficial share markets existed across Europe through the 1600s, where brokers would meet outside or in coffee houses to make trades. The Amsterdam Stock Exchange, created in 1602, became the first official stock exchange when it began trading shares of the Dutch East India Company. These were the first company shares ever issued. By the early 1700s there were fully operational stock exchanges in France and England, and America followed in the later part of the century. Share exchanges became an important way for companies to raise capital for investment, while also offering investors the opportunity to share in company profits. The early days of the stock exchange experienced many scandals and share crashes, as there was little to no regulation and almost anyone was allowed to participate in the exchange. Today, stock exchanges operate around the world, and they have become highly regulated institutions. Investors wanting to buy and sell shares must do so through a share broker, who pays to own a seat on the exchange. Companies with shares traded on an exchange are said to be ‘listed’ and they must meet specific criteria, which varies across exchanges. Most stock exchanges began as floor exchanges, where traders made deals face-to-face. The largest stock exchange in the world, the New York Stock Exchange, continues to operate this way, but most of the world’s exchanges have now become fully electronic. Functions of Stock Market ? Ready Market Stock exchange is a continuous market for the resale of existing securities. It is a centre where buyers and sellers assemble to deal in securities at any time during the business hours. It enables investors to realize quickly their shares and debentures. This facility encourages people to invest in business enterprise by means of buying industrial securities. It helps new investors to obtain securities at any time at market price. ? Protection to investors Protection of the interest of the investors is another function of stock exchange. This it does by ensuring safety and fair dealing to the average investors through strict enforcement of its rules and regulations. Without the cover of a stock exchange there may be unfair competition between different brokers. The investors may be deceived by clever and dishonest brokers. In a stock exchange any malpractice by a broker carries a severe penalty. ? Profitable use of funds Another major function of the stock exchange is the mobilization of surplus funds of individuals firms and companies for investment in industrial securities. Without the stock exchange, these funds would have remained idle. It directs the surplus funds into the most profitable channel and thereby secures their effective utilization. People invest their savings in companies yielding good returns. Stock exchange in Pakistan In Pakistan there are three stock exchanges, ? Karachi stock exchange (KSE) Lahore stock exchange (LSE) ? Islamabad stock exchange (ISE) Karachi Stock Exchange The KSE is the first stock exchange of Pakistan established in September 18, 1947 and incorporated in March 10, 1949. KSE start with 5 companies with a paid-up capital of RS 37 million. The first index was the KSE 100 index. KSE Indices Family ? KSE 100 The KSE100 index is a benchmark by which the stock price p erformance can be compared to over a period of time. In particular, the KSE 100 is designed to provide investors with a sense of how the Pakistan equity market is performing. Thus, the KSE100 is similar to other indicators that track various sectors of the Pakistan economic activity such as the gross national product, consumer price index, etc. The KSE-100 Index was introduced in November 1991 with base value of 1,000 points. The Index comprises of 100 companies selected on the basis of sector representation and highest market capitalization, which tracks over 85% of the total market capitalization of the companies listed on the Exchange. ? KSE-30 Index The Karachi Stock Exchange has launched the KSE-30 Index with base value of 10,000 points, formally implemented from Friday, September 1, 2006. The main feature of this index that makes it different from other indices is: ? Based on the â€Å"Free Float Methodology† ? It includes only the top 30 most liquid companies listed on the KSE. ? KMI-30 ? Index introduced in September, 2008 ? Tracks the 30 most liquid Shariah-compliant companies listed at KSE weighted by free float adjusted market capitalization. ? Shariah Screening performed by Shariah Supervisory Board of Meezan Bank (chaired by Justice (Retd. ) Mufti Muhammad Taqi Usmani). ? KSE All Share Index ? It consists of all the companies listed on the KSE. ? KSE-GTOi Oil Gas Sector plays vital roles in Pakistan’s economy and therefore KSE has developed a Tradable Oil Gas Index which tracks at least 80% free-float market capitalization of the Oil Gas Sector. This index provides Investors and Market Intermediaries with an appropriate benchmark that captures the performance of each segment of the economy. KSE-100 Composition Basis The selection criteria for stock inclusion in the existing KSE-100 Index is based on three main filters, namely Sector rule, Capitalization rule and Default rule. The top sector companies may also qualify for inclusion on the basis of their market capitalization. Sector Rule Largest market capitalization in each Karachi Stock Exchange sectors excluding Open-end Mutual Fund Sector ? The Largest Capitalization Rule The remaining index places are taken up by the largest market capitalization companies in descending order. ? The Default Counter and Non Tradable Rule Company which is on the Defaulters’ Counter and/or its trading is suspended; declare Non-Tradable (i. e. NT) in preceding 6 months from the date of re-composition shall not be considered in the re-composition of KSE-100 Index . How many stocks are registered and categories? The total number of companies listed in KSE is 572 with a listed capital of RS. 1103072. 80 million ? In KSE companies are listed under following categories according to the nature of their industry. |Sector Wise Categories of Companies | |Oil and Gas |Pharma and Bio Tech | |Chemicals |Media |Forestry |Travel leisure | |Industrial metals and mining |Fixed line Telecommunication | |General industries |Electricity | |Electronic and electrical Goods |Multiutilities | |Engineering |Commercial Banks | |Industrial Transportation |Non Life Insurance | |Support services |Life insurance | |Automobile and Parts |Real estate investment and services | |Beverages |financial services | |Food Producers |Equity Investment Instruments | |Household Goods |Software an d computer services | |Leisure Goods. |Technology Hardware and Equipment | |Personal Goods | | |Personal Goods | | |Tobacco | | Advance /Decline: If there is increasing trend in the prices of share then we said that the market gains the index or points and vice versa. Points: Points shows the Overall worth of the market. There are many factors that influence the market points and due to these factors market’s point increases or increases. These factors consist of formulae of capital structure and other related things. In Pakistan value of 1 point is approximately equal to 5 crores and it changes due to inflation and other economic factors. When an individual invest an amount equal to 5 Crores then 1 point increases and when he/she pull back his investment then 1 point decreases 1 point = 5 Crores How to cite Stock Exchange, Papers Stock Exchange Free Essays string(108) " section of a market are captured in price indices called stock market indices, of which there are many, e\." A stock market or equity market is a public (a loose network of economic transactions, not a physical facility or discrete) entity for the trading of company stock (shares) and derivatives at an agreed price; these are securities listed on a stock exchange as well as those only traded privately. The size of the world stock market was estimated at about $36. 6 trillion at the start of October 2008. We will write a custom essay sample on Stock Exchange or any similar topic only for you Order Now The total world derivatives market has been estimated at about $791 trillion face or nominal value,[2] 11 times the size of the entire world economy. The stocks are listed and traded on stock exchanges which are entities of a corporation or mutual organization specialized in the business of bringing buyers and sellers of the organizations to a listing of stocks and securities together. The largest stock market in the United States, by market capitalization, is the New York Stock Exchange (NYSE). In Canada, the largest stock market is the Toronto Stock Exchange. Major European examples of stock exchanges include the Amsterdam Stock Exchange, London Stock Exchange, Paris Bourse, and the Deutsche Borse (Frankfurt Stock Exchange). In Africa, examples include Nigerian Stock Exchange, JSE Limited, etc. Asian examples include the Singapore Exchange, the Tokyo Stock Exchange, the Hong Kong Stock Exchange, the Shanghai Stock Exchange, and the Bombay Stock Exchange. In Latin America, there are such exchanges as the BMF Bovespa and the BMV. A few decades ago, worldwide, buyers and sellers were individual investors, such as wealthy businessmen, usually with long family histories to particular corporations. Over time, markets have become more â€Å"institutionalized†; buyers and sellers are largely institutions (e. g. , pension funds, insurance companies, mutual funds, index funds, exchange-traded funds, hedge funds, investor groups, banks and various other financial institutions). The rise of the institutional investor has brought with it some improvements in market operations. Thus, the government was responsible for â€Å"fixed† (and exorbitant) fees being markedly reduced for the ‘small’ investor, but only after the large institutions had managed to break the brokers’ solid front on fees. (They then went to ‘negotiated’ fees, but only for large institutions. History : Established in 1875, the Bombay Stock Exchange is Asia’s first stock exchange. In 12th century France the courratiers de change were concerned with managing and regulating the debts of agricultural communities on behalf of the banks. Because these men also traded with debts, they could be called the first brokers. A common misbelief is that in late 13th century Bruges commodity traders gathered inside the house of a man called Van der Beurze, and in 1309 they became the â€Å"Brugse Beurse†, institutionalizing what had been, until then, an informal meeting, but actually, the family Van der Beurze had a building in Antwerp where those gatherings occurred; the Van der Beurze had Antwerp, as most of the merchants of that period, as their primary place for trading. The idea quickly spread around Flanders and neighboring counties and â€Å"Beurzen† soon opened in Ghent and Amsterdam. In the middle of the 13th century, Venetian bankers began to trade in government securities. In 1351 the Venetian government outlawed spreading rumors intended to lower the price of government funds. Bankers in Pisa, Verona, Genoa and Florence also began trading in government securities during the 14th century. This was only possible because these were independent city states not ruled by a duke but a council of influential citizens. Italian companies were also the first to issue shares. Companies in England and the Low Countries followed in the 16th century. The Dutch East India Company (founded in 1602) was the first joint-stock company to get a fixed capital stock and as a result, continuous trade in company stock emerged on the Amsterdam Exchange. Soon thereafter, a lively trade in various derivatives, among which options and repos, emerged on the Amsterdam market. Dutch traders also pioneered short selling – a practice which was banned by the Dutch authorities as early as 1610. 7] There are now stock markets in virtually every developed and most developing economies, with the world’s biggest market being in the United States, United Kingdom, Japan, India, China, Canada, Germany’s (Frankfurt Stock Exchange), France, South Korea and the Netherlands. Importance of stock market : The stock market is one of the most important sources for companies to raise money. This allows businesses to be publicly traded, or raise additional financial capital for expansion by selling shares of ownership of the company in a public market. The liquidity that an exchange provides affords investors the ability to quickly and easily sell securities. This is an attractive feature of investing in stocks, compared to other less liquid investments such as real estate. History has shown that the price of shares and other assets is an important part of the dynamics of economic activity, and can influence or be an indicator of social mood. An economy where the stock market is on the rise is considered to be an up-and-coming economy. In fact, the stock market is often considered the primary indicator of a country’s economic strength and development. Rising share prices, for instance, tend to be associated with increased business investment and vice versa. Share prices also affect the wealth of households and their consumption. Therefore, central banks tend to keep an eye on the control and behavior of the stock market and, in general, on the smooth operation of financial system functions. Financial stability is the raison d’etre of central banks. Exchanges also act as the clearinghouse for each transaction, meaning that they collect and deliver the shares, and guarantee payment to the seller of a security. This eliminates the risk to an individual buyer or seller that the counterparty could default on the transaction. The smooth functioning of all these activities facilitates economic growth in that lower costs and enterprise risks promote the production of goods and services as well as employment. In this way the financial system contributes to increased prosperity. Stock market index : The movements of the prices in a market or section of a market are captured in price indices called stock market indices, of which there are many, e. You read "Stock Exchange" in category "Papers" g. , the SP, the FTSE and the Euronext indices. Such indices are usually market capitalization weighted, with the weights reflecting the contribution of the stock to the index. The constituents of the index are reviewed frequently to include/exclude stocks in order to reflect the changing business environment. Derivative instruments : Financial innovation has brought many new financial instruments whose pay-offs or values depend on the prices of stocks. Some examples are exchange-traded funds (ETFs), stock index and stock options, equity swaps, single-stock futures, and stock index futures. These last two may be traded on futures exchanges (which are distinct from stock exchanges—their history traces back to commodities futures exchanges), or traded over-the-counter. As all of these products are only derived from stocks, they are sometimes considered to be traded in a (hypothetical) derivatives market, rather than the (hypothetical) stock market. Leveraged strategies : Stock that a trader does not actually own may be traded using short selling; margin buying may be used to purchase stock with borrowed funds; or, derivatives may be used to control large blocks of stocks for a much smaller amount of money than would be required by outright purchase or sales. Short selling : In short selling, the trader borrows stock (usually from his brokerage which holds its clients’ shares or its own shares on account to lend to short sellers) then sells it on the market, hoping for the price to fall. The trader eventually buys back the stock, making money if the price fell in the meantime and losing money if it rose. Exiting a short position by buying back the stock is called â€Å"covering a short position. † This strategy may also be used by unscrupulous traders in illiquid or thinly traded markets to artificially lower the price of a stock. Hence most markets either prevent short selling or place restrictions on when and how a short sale can occur. The practice of naked shorting is illegal in most (but not all) stock markets. Margin buying : In margin buying, the trader borrows money (at interest) to buy a stock and hopes for it to rise. Most industrialized countries have regulations that require that if the borrowing is based on collateral from other stocks the trader owns outright, it can be a maximum of a certain percentage of those other stocks’ value. In the United States, the margin requirements have been 50 %% for many years (that is, if you want to make a $1000 investment, you need to put up $500, and there is often a maintenance margin below the $500). A margin call is made if the total value of the investor’s account cannot support the loss of the trade. (Upon a decline in the value of the margined securities additional funds may be required to maintain the account’s equity, and with or without notice the margined security or any others within the account may be sold by the brokerage to protect its loan position. The investor is responsible for any shortfall following such forced sales. ) Regulation of margin requirements (by the Federal Reserve) was implemented after the Crash of 1929. Before that, speculators typically only needed to put up as little as 10 percent (or even less) of the total investment represented by the stocks purchased. Other rules may include the prohibition of free-riding: putting in an order to buy stocks without paying initially (there is normally a three-day grace period for delivery of the stock), but then selling them (before the three-days are up) and using part of the proceeds to make the original payment (assuming that the value of the stocks has not declined in the In margin buying, the trader borrows money (at interest) to buy a stock and hopes for it to rise. Most industrialized countries have regulations that require that if the borrowing is based on collateral from other stocks the trader owns outright, it can be a maximum of a certain percentage of those other stocks’ value. In the United States, the margin requirements have been 50 %% for many years (that is, if you want to make a $1000 investment, you need to put up $500, and there is often a maintenance margin below the $500). A margin call is made if the total value of the investor’s account cannot support the loss of the trade. (Upon a decline in the value of the margined securities additional funds may be required to maintain the account’s equity, and with or without notice the margined security or any others within the account may be sold by the brokerage to protect its loan position. The investor is responsible for any shortfall following such forced sales. ) Regulation of margin requirements (by the Federal Reserve) was implemented after the Crash of 1929. Before that, speculators typically only needed to put up as little as 10 percent (or even less) of the total investment represented by the stocks purchased. Other rules may include the prohibition of free-riding: putting in an order to buy stocks without paying initially (there is normally a three-day grace period for delivery of the stock), but then selling them (before the three-days are up) and using part of the proceeds to make the original payment (assuming that the value of the stocks has not declined in the In margin buying, the trader borrows money (at interest) to buy a stock and hopes for it to rise. Most industrialized countries have regulations that require that if the borrowing is based on collateral from other stocks the trader owns outright, it can be a maximum of a certain percentage of those other stocks’ value. In the United States, the margin requirements have been 50 %% for many years (that is, if you want to make a $1000 investment, you need to put up $500, and there is often a maintenance margin below the $500). A margin call is made if the total value of the investor’s account cannot support the loss of the trade. (Upon a decline in the value of the margined securities additional funds may be required to maintain the account’s equity, and with or without notice the margined security or any others within the account may be sold by the brokerage to protect its loan position. The investor is responsible for any shortfall following such forced sales. ) Regulation of margin requirements (by the Federal Reserve) was implemented after the Crash of 1929. Before that, speculators typically only needed to put up as little as 10 percent (or even less) of the total investment represented by the stocks purchased. Other rules may include the prohibition of free-riding: putting in an order to buy stocks without paying initially (there is normally a three-day grace period for delivery of the stock), but then selling them (before the three-days are up) and using part of the proceeds to make the original payment (assuming that the value of the stocks has not declined in the New issuance : Global issuance of equity and equity-related instruments totaled $505 billion in 2004, a 29. 8 %% increase over the $389 billion raised in 2003. Initial public offerings (IPOs) by US issuers increased 221 %% with 233 offerings that raised $45 billion, and IPOs in Europe, Middle East and Africa (EMEA) increased by 333 %%, from $ 9 billion to $39 billion. Taxation : According to much national or state legislation, a large array of fiscal obligations are taxed for capital gains. Taxes are charged by the state over the transactions, dividends and capital gains on the stock market, in particular in the stock exchanges. However, these fiscal obligations may vary from jurisdictions to jurisdictions because, among other reasons, it could be assumed that taxation is already incorporated into the stock price through the different taxes companies pay to the state, or that tax free stock market operations are useful to boost economic growth. How to cite Stock Exchange, Papers

John Stuart Mill Nietzsche on Creativity free essay sample

Describes compares philosophers views on history as creative source, creative individuals; Nietzsches views on free spirits good evil. In On Liberty (1859) John Stuart Mill (1806-1873) begins his meditations on the past as the source of creativity by citing the philosophical and social writings of the German thinker, Baron Wilhelm von Humboldt (1761-1835). In his chapter On Individual-ity, Mill focuses on Humboldts claim that originality derives from the individuality of power and development which depends upon the two requisites of freedom and variety of situations allowing individual vigor and manifold diversity to manifest itself (Mill, 1985, 121). Mill agrees with Humboldt that individuality is to be highly prized. Mills position is that individuals should not be expected merely to mimic the past and its greatness. Rather the greatest achievement for an individual according to Mill is to use and interpret experience in his own