KARACHI: Trading in the shares of the Pakistan Stock Exchange (PSX) will begin on June 29, the first trading day after Eid holidays.

The listing of the PSX on itself is a rare event in South Asian capital markets. Earlier in February, the Bombay Stock Exchange was listed on the second stock exchange on Dalal Street — the National Stock Exchange.

The PSX listing comes after the divestment of shares in the bourse, enabling a broad-based ownership. A sale-purchase agreement was signed with a Chinese consortium, which made the highest bid of Rs28 per share for 40 per cent strategic stocks and paid $85 million.

Another 40pc shares are vested with stockbrokers while remaining 20pc equity was offered to the public through an Initial Public Offering (IPO).

In a notice to the Trading Right Entitlement Certificate (TREC) holders, the PSX said on Saturday the PSX will hold a get-together in the trading hall of the exchange on June 30. The PSX asked the TREC holders to attend the session where “future opportunities and challenges” will also be discussed.

Published in Dawn, June 25th, 2017