Foreign Investors Can Now Acquire 20% PSX Shareholding

The Securities and Exchange Commission of Pakistan (SECP) has revised the applicable limit on foreign persons or institutions for acquiring or holding of Pakistan Stock Exchange (PSX) shares, under the Stock Exchange (Corporatisation, Demutualisation, and Integration) Regulation 2012.

The new limit is 20%.

Earlier, the limit of shareholding was 10% for foreign persons. Also, it may be mentioned that, as per SECP requirement, it is mandatory for a foreign person to disclose if they have 1% holding of PSX shares or for a foreign institution to disclose if they have 2.5% holding of PSX shares.

The SECP has advised PSX and Central Depository Company (CDC) to coordinate on the above announcement and put in place a mechanism and system that can allow for the said increase in the shareholding limit of PSX shares by foreign persons or institutions.

The decision will bode well for PSX’s trading as the investment will increase due to this step.

The PSL 2020 is almost here! Want to know everything about it? Visit the pages below (Live stream will be available when the matches begin).
PSL Live Streaming PSL Points Table | 2020 PSL Teams PSL 2020 Schedule PSL 2020 Highlights PSL 2020 Statistics