Bourses to invest in Pakistan

Consortium to buy 40 percent stake in Karachi stock exchange

A Chinese-led consortium has successfully bid to buy a 40 percent strategic stake in Karachi-based Pakistan Stock Exchange (PSX), according to an announcement of the Shanghai Stock Exchange (SSE). This is the first time for a Chinese bourse to acquire shares of a foreign stock exchange.

The announcement, dated Dec 30, 2016, said the consortium includes three Chinese bourses - Shanghai-based China Financial Futures Exchange, the Shanghai Stock Exchange, and the Shenzhen Stock Exchange. Together, they will take a 30 percent share. Two Pakistani financial institutions in the consortium, Pak-China Investment Company Limited and Habib Bank Limited, will take 5 percent each.