Pakistan Stock Exchange

Pakistan stock exchange

History

Pakistan Stock Exchange Limited (PSX) (formerly: Karachi Stock Exchange (Guarantee) Limited (KSE) was established on September 18, 1947. It was incorporated on March 10, 1949. Only five companies were initially listed with a total paid-up capital of 37 million rupees.

In October 1970, under the Securities and Exchange Ordinance of 1969 by the Government of Pakistan, a second stock exchange was established in Lahore in response to the needs of the provincial metropolis of the province of Punjab

Yet another stock exchange known as Islamabad Stock Exchange was established in Islamabad, the capital city of Pakistan on October 25, 1989 with the main object of setting up of a trading and settlement infrastructure, information system,

Advantages of stock exchange

·         Liquidity

·         Best price of securities

·         Transparency in dealing

·         Enable the management to boarden and diversify  shareholding

·         Helps the company to gain national importance and wide spread recognition

·         Help in rising additional capital