Karachi, Pakistan Stock Exchange Limited informed Pakistan Stock Exchange that the transaction for additional investment of PKR 69,411,706/- in NCCPL by the Exchange through acquisition of 2,669,681 ordinary shares of PKR I01- each from Pakistan Kuwait Investment Company (Private) Limited (a shareholder of NCCPL) at a price of PKR 26/- per share, has been positively concluded. As a result of the above transaction, the aggregate shareholding of PSX in NCCPL has been increased to 49.71 per cent (i.e. 50,130,598 ordinary shares of PKR 10/- each).
The Exchange was incorporated in 1949 as a company Limited by Guarantee. As a result of demutualization, the Exchange stood corporatized and demutualized as a public company limited by shares under the name of ‘Karachi Stock Exchange Limited’, with effect from August 27, 2012. Subsequently, the three stock exchanges namely Karachi Stock Exchange, Lahore Stock Exchange & Islamabad Stock Exchange were integrated into Pakistan Stock Exchange Limited (PSX) on January 11, 2016.
PSX provides a reliable, orderly, liquid and efficient digitized market place where investors can buy and sell listed companies’ common stocks and other securities. For over 60 years, the Exchange has facilitated capital formation, serving a wide spectrum of participants, including individual and institutional investors, the trading community and listed companies.