December 03, 2016 2:10 AM ET

Capital Markets

Company Overview of Pakistan Stock Exchange Limited

Company Overview

Pakistan Stock Exchange Limited provides securities exchange services in Pakistan. It offers market information, market performance, products and services, announcements and notices, investor center, listing and companies, TRE certificate holders, legal framework, procedures and policies, general information, and downloads. Pakistan Stock Exchange Limited was formerly known as Karachi Stock Exchange Limited. The company was founded in 1947 and is based in Karachi, Pakistan.

Stock Exchange Building

Stock Exchange Road

Karachi,  74000

Pakistan

Founded in 1947

Phone:

92 21 111 001122

Fax:

92 21 241 0825

Key Executives for Pakistan Stock Exchange Limited

Chief Executive officer
General Manager of Operations
Managing Director and Director
Chief Regulatory Officer
Officiating Managing Director and Company Secretary
Compensation as of Fiscal Year 2016.

Pakistan Stock Exchange Limited Key Developments

Foreign, local Investors Kick-Start Evaluation Process Of PSX

Foreign and local strategic investors, including Chinese and US stock exchanges, have kick-started the evaluation process of Pakistan Stock Exchange Limited (PSX) to bid and buy a total of 40% stake by November 30, 20016 officials said on October 5, 2016. They would complete due diligence by end of October 2016. That will be followed by bidding to acquire 40% stake on sale as part of the demutualization of PSX, a PSX official said, who is part of the initiated divestment process and requested not to be named.

Shanghai Bourse To Buy Pakistan Stock Exchange

Pakistan Stock Exchange Limited has received interest from international companies including The Shanghai Stock Exchange, Ltd. to buy a stake, the head of the Pakistani bourse said. The Pakistani bourse has been searching for a strategic investor and in July 2016 invited companies to show interest in buying a stake of up to 40%. "By late August 2016, early September 2016 expressions of interest were received, including from Shanghai Stock Exchange," Nadeem Naqvi, Managing Director of Pakistan Stock Exchange, told Reuters by telephone. Shanghai Stock Exchange did not respond to a request for comment. Naqvi said all interested parties have to submit sealed bids by October 2, 2016. "Final outcome will be known by early November," he added.

PSX Reportedly Up For Privatization

Government of Pakistan is reportedly seeking to sell shareholding in Government of Pakistan is reportedly seeking to sell shareholding in Pakistan Stock Exchange Limited(PSX). An official on condition of anonymity stated that end-November 2016 is the time for completion of the divestment of shareholding of PSX and the process has already been initiated to be expedited for timely completion of the transaction.(PSX). An official on condition of anonymity stated that end-November 2016 is the time for completion of the divestment of shareholding of PSX and the process has already been initiated to be expedited for timely completion of the transaction.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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