May 28, 2003	Wednesday	Rabi-ul-Awwal 25,1424

KARACHI, May 27: A two-member trade mission from South Africa along with Mr Arif Elahi, director general, Board of Investment (BoI) and Ms Nasreen Ali visited the Karachi Stock Exchange (KSE) on Tuesday, a KSE press release said.

The mission had called on the exchange to discuss the Pakistan capital markets and to explore the investment opportunities. Mr. Firozuddin Cassim, chairman KSE, Mr Moin M. Fudda, managing director KSE and the adviser on marketing, KSE apprised the delegation about major changes in the regulatory reforms, emphasis on investors protection and transparency of the system.

Mr Cassim was stated to have observed that besides the above the principal reason that the bulls were in the driving seat was the “confidence of investors and the acceptance of reform measures by the member and member firms of the Exchange”.

The MD KSE told the delegates about the possibilities of privatization of mega government entities through the stock exchanges. He informed them about the potential in the market and gains to be made in future, as prices remained undervalued.