KARACHI, Jan 9: Arif Habib, one of the former presidents of the Karachi Stock Exchange, was on Friday unanimously elected chairman of the board of directors for the year 2004.

He could well be named as one of the top chief executives of the KSE as he had previously been president four times and his current election as a chairman is for the third time.

Arif Habib, who had polled one of the largest votes in late December annual KSE elections for the board of directors has actively been associated since long with the KSE journey from the manual trading to full automation and implementation of the new prudential rules.

He along with some other sponsors has recently set up a corporate entity under the name of Arif Habib Securities, which has paid a good dividend to its shareholders. He also heads a leading brokerage house.