Pakistan Stock Exchange says Shanghai bourse interested in buying stake
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KARACHI: Pakistan Stock Exchange (PSX) has received interest from international companies including the Shanghai Stock Exchange to buy a stake, the head of the index said on Monday.
The index has been searching for a strategic investor and in July invited companies to show interest in buying a stake of up to 40 per cent.
The PSX index is a merger of the Karachi, Lahore and Islamabad stock exchanges and was inaugurated earlier this year.
The integration was expected to help reduce market fragmentation and create a strong case for attracting strategic partnerships necessary for providing technological expertise and assistance.
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Comments (3) Closed
Oct 03, 2016 04:34pm
One day China will buy whole the country!
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Oct 03, 2016 05:17pm
Karachi stock exchange was converted to Pakistan exchange and is now being sold to Shanghai stock exchange. K electric already sold to Shanghai electric. Its like new east India company.
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Oct 03, 2016 09:35pm
Amazing news. FDI coming to Pakistan
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