PSX Becomes First Self-Listed ​Stock Exchange in South Asia

Pakistan Stock Exchange (PSX) has now become the first self-listed stock exchange in South Asia.

To celebrate self listing and share sales, PSX organized a get-together at the stock exchange building earlier today. Governor Sindh Muhammad Zubair was the chief guest on the occasion.

Acting Managing Director PSX Haroon Askri, lead consultant for PSX shares sales Arif Habib and other celebrated individuals were present at the event along with a large number of brokers and investors.

PSX share sales and self listing process completed in 2 phases. A total of 60 percent shares were sold, out of which 40 percent shares were sold to strategic investors while 20 percent shares were sold to 150 investors via book building process.

The share price remained same in both phases at Rs. 28 per share. Total worth of the transaction stood at Rs. 13.448 billion. Remaining 40 percent shares of exchange remain with 200 owner brokers of PSX.

Governor Sindh Muhammad Zubair congratulated the Securities and Exchange Commission of Pakistan (SECP) for promoting stock market in the country. Governor stressed the need for self projection of PSX.

“There is need to highlight the economic success of Pakistan on the front pages of news papers, “governor said in his speech.

Arif Habib in his speech told that after many years of struggle, stock exchange finally completed self-listing and its own shares trading at last. He highlighted the hard term and conditions for PSX IPO.

“For IPO it is necessary the applicant must be registered with the tax authority. Despite the
​tough term​s​ and conditions PSX IPO over subscription was a great success,” Arif Habib remaked.

  • Can some explain self listing? How does it work? Isn’t stock exchange a mechanism for trading shares. How can it can be traded?

    • PSX in itself is a company, used to be owned by brokers, however, it has since been sold to a consortium of Chinese Investors. The company has revenues generated from trading of stocks, stock exchange fee, and listing fee etc – it is profitable as well.

      The company in itself can be listed on the stock exchange

  • The headline is misleading – While it is a great achievement, PSX is not the first self listed stock exchange in South Asia, BSE Sensex listed itself in 2016

  • what a disaster, stock market itself listed as a company in the stock market. When the crash will happen which can happen in a capitalist dip in every 3-5 years, all companies listed will go down as well.

    Anyways this is capitalism dressing gambling as business.

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