KSE to hold media briefing on Pakistan Stock Exchange

KARACHI: The Karachi Stock Exchange (KSE) and the Securities and Exchange Commission of Pakistan (SECP) on Friday will jointly brief media about the establishment of the Pakistan Stock Exchange (PSE), said a KSE statement here on Thursday.

The PSE is coming up after the recent demutualisation of three stock exchanges of the country including the Karachi Stock Exchange, the Lahore Stock Exchange and the Islamabad Stock Exchange.

The three stock exchanges were demutualised under the Stock Exchange Demutualisation Act-2012. Keeping in view the development and benefits to the capital market and the national interest, the SECP supervised this entire process.

The emergence of a single stock exchange would be in the best interest of the investors, listed companies and market participants. This would foster an enhanced standard for every market participant and help eventually in the growth of the capital market.

For introducing the PSE to potential investors, the management of the KSE had initiated a nationwide awareness campaign under the title “Shaping Pakistan’s Capital Market.”

The campaign consists of conducting interactive awareness sessions across 13 major cities of the country.

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