KARACHI: The Pakistan Stock Exchange has formally launched the “property” sector for non-real estate investment trust (REIT) listed companies, a press release said on Wednesday.

This addition will take the PSX closer to an improved reflection of the economy in the composition of listed companies, it said.

The latest addition increases the number of sectors on the PSX to 36.

The three companies that have been placed in the property sector include Javedan Corporation Ltd, which was previously reported in the cement sector. The other two companies are Pace Pakistan Ltd and TPL Properties Ltd, which were both previously reported in the miscellaneous sector.

Published in Dawn, August 11th, 2022

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