KARACHI, March 17: The status of Karachi Stock Exchange will soon be changed from a corporate entity to that of a ‘public entity’ -- a term usually referred to as being ‘demutualised’.
The KSE will then only be the 15th stock exchange to have such a status.
Speaking at seventh show in the series of road shows on investment at a Faisalabad hotel, KSE Managing Director Adnan Afridi briefed the audience on the working of the bourse and its current and past performances.
According to a press release issued here on Monday, he briefed them on the future outlook of the stock market and plans of the KSE.
Central Depository Company CEO Muhammad Hanif in his presentation said that the CDC currently holds more than 53 billion shares worth close to Rs3 trillion.
Mr Hanif told retail investors from Faisalabad and adjoining areas that the electronic process introduced by the CDC had rid the market of time-consuming procedures for transfer of ownership, pledging and credit of corporate benefits.
The series of road shows was first initiated from Sialkot in 2005 and they had been held in Peshawar, Hyderabad, Quetta, Multan and Sukkur.—PPI
