Business Pakistan

President Alvi expresses satisfaction over PSX’s performance

KARACHI: President Dr Arif Alvi expressed his satisfaction over the performance of the Pakistan Stock Exchange (PSX) and stressed on the potential for further growth to attract more investment.

The president was addressing media after holding an interactive session with PSX management here at the Pakistan Stock Exchange building. He was accompanied by Sindh Governor Imran Ismail along with PSX Chairman Suleman Mehdi, Managing Director Farrukh Khan and Director Shahzad Chamdia.

The president was given a detailed briefing on the PSX’s working, role in the country’s economy and the initiatives in the pipeline to further strengthen its position in the world.

He said the emerging of the PSX as a world class capital market shows that Pakistan was at the pickup point and each indicator was positive and offered very good return, however, more public limited companies should be listed.  He said the PSX was moving up with clarity and certainty with a prosperous future and man products had been introduced to raise capital.

PSX Managing Director Farrukh H Khan said the Pakistan Stock Exchange had not been closed due to the tough situation arisen arising from the COVID-19 pandemic He said they managed to keep the exchange running in a very difficult situation through the economic activities remained almost suspended across the world.

During the interactive meeting, many issues relating to the capital market were discussed and both the dignitaries assured their support in resolution of certain issues to encourage investment in the capital market and listing of companies on the Pakistan Stock Exchange.