Pakistan Stock Exchange to start operations from December 28

KARACHI: A single equity trading platform by the name of the Pakistan Stock Exchange (PSE) will become operational from December 28. Karachi, Lahore and Islamabad stocks exchanges have merged together. While addressing the press briefing KSE MD Nadeem Naqvi said that PM Nawaz will inaugurate the PSE in the second week of January. The licences of both Lahore and Islamabad stock exchanges along with their trading right entitlement certificates (TREC) holders will be terminated. In next phase PSE will sell over 40% stakes to the strategic investor. Borsa Ýstanbul has sent an “initial letter of interest” to the KSE to acquire up to 40% shareholding in the PSE. “Qatar Stock Exchange and London Stock Exchange have also shown interest,” he added.