Diversified Financial Services
Company Overview of Karachi Stock Exchange Limited
Karachi Stock Exchange Limited operates as a liquid stock exchange in Pakistan. Its listed securities include ordinary shares, preference shares, and debt securities. The company provides securities and index trading services; and securities deliveries services through central depository company, as well as clearing and settlement services. Karachi Stock Exchange Limited was formerly known as A. Jabbar H. AH Mohammed Khanani. The company was founded in 1947 and is based in Karachi, Pakistan.
Stock Exchange Building
Stock Exchange Road
Founded in 1947
Key Executives for Karachi Stock Exchange Limited
General Manager of Operations
Compensation as of Fiscal Year 2015.
Karachi Stock Exchange Limited Key Developments
Karachi Stock Exchange Reported Stake Sale Talks With Two Exchanges
Jan 6 15
Karachi Stock Exchange Limited is in talks with two bourses to sell a strategic stake before a planned initial public offering. Two additional exchanges have indicated verbal interest in a deal, Nadeem Naqvi, Managing Director and Chief Executive officer at the Karachi Stock Exchange, said in an e-mailed interview, without identifying the bourses. The Karachi Stock Exchange plans to sell a 40% to a strategic partner and another 20% to the public through the IPO. Stockbroker members will hold the remaining stake. The stake sale talks come more than a year after the Karachi Stock Exchange hired Deutsche Bank AG to find a strategic investor.
Karachi Stock Exchange (Guarantee) Limited Appoints Shafqat Ali as Chief Regulatory Officer
Sep 27 13
The board of directors of the Karachi Stock Exchange has appointed Shafqat Ali, general manager of Risk Management and Market Surveillance of the exchange, as the chief regulatory officer (CRO) of the exchange. The CRO is heading the Regulatory Affairs Department (RAD) of the exchange and reporting to the regulatory affairs committee of the board.
KSE Seeks New Buyer
Sep 17 13
Karachi Stock Exchange (Guarantee) Limited Board recommends a dividend for shareholders with a view to seek a new buyer. “This will go a long way in the strategic sell-off of the Karachi bourse”, Mohammad Sohail, Chief Executive Officer of Topline Securities (Pvt.) Limited said while speaking to The Express Tribune. “The process of selling the strategic stake of the KSE is in an advanced stage, and this dividend will help find a new buyer for the exchange”, said Mohammad Sohail whose brokerage house is one of the 200 members that own the exchange’s initial share capital equally among themselves.
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