04 Dec, 2023 b>Pakistan Stock Exchange– is the key stock exchange of the country having trading floors in Islamabad, Karachi and Lahore. Most of trade and commerce of the country is carried out in these main cities of the country. PSX is classified as a MSCI Emerging Market, where as the FTSE has categorized Pakistan Stock Exchange as the ‘Secondary Emerging Market ‘in May 2017.
PSX was established back on 11th January 2016 as a result of merger of Karachi, Lahore, and Islamabad stock markets. In May 2016, there were 560 companies are listed in PSX catering to the market/ capitalization of $98 billion.
Along with that there are 1886 foreign institutional investors, and 883 domestic institutional investors along with about 0.22 million retail investors. Other members of Pakistan Stock Exchange include 400 brokerage houses, 21 asset management companies. According to the sources, during 2009 to 2015, PSX achieved the status of world’s best performing stock market, delivering 26% a year. In December 2016, PSX sold 40% strategic shares to a Chinese consortium for $85 million.
Integration of stock exchange - Pakistan Stock Exchange (PSX) with reference to the schemes of integration between the Karachi Stock Exchange Limited (KSE) and Lahore Stock Exchange Limited (LSE), and KSE and Islamabad Stock Exchange Limited (ISE) submitted to the Securities and Exchange Commission of Pakistan (SECP) under section 17 of the Stock Exchanges (Corporatization, Demutualization and Integration) Act, 2012 (the "Act") read with regulation 11 of the Stock Exchanges (Corporatization, Demutualization and Integration) Regulations, 2012.