KARACHI: Foreign investors, other than foreign anchor investor, have been restrained from collectively - directly or indirectly - acquire or hold more than 10 per cent of the total issued share capital of the exchange, a notice released by the Pakistan Stock Echange (PSX) for all TREC holders/brokers on Wednesday stated.

“Provided that the Securities and Exchange Commission of Pakistan may, if it deems fit in the interest of capital markets, increase the limit of shareholding for foreign persons, other than foreign anchor investor, to 20pc of the total issued share capital of the exchange,” the statement added.

The notice clarified that once the holdings of the mentioned foreigns reaches the prescribed threshold of 10pc, further purchase of the PSX shares by foreign investors across any market of the bourse shall not be allowed. “However, they will be allowed to sell their positions in PSX (if so desired),” the bourse noted.

Published in Dawn, June 7th, 2018