Karachi Stock Exchange converts into Pakistan Stock Exchange
ISLAMABAD: Karachi Stock Exchange has become Pakistan Stock Exchange (PSX). Islamabad and Lahore stock exchanges have merged in Pakistan Stock Exchange.
As per details, membership certificate of Pakistan Stock Exchange have been issued to 100 brokers of Lahore and Islamabad stock exchanges. 40% shares of Pakistan Stock Exchange will be privatized as per law.
The shares will be sold through open auction to international investors including Pakistanis. London and Istanbul stock exchanges have showed their interest to buy 40% shares of PSE.
Lahore and Islamabad stock exchanges will shut down and their trading rights will be given to PSE.