Material Information of Pakistan Stock Exchange Limited

Karachi, Pakistan Stock Exchange Limited informed Pakistan Stock Exchange In continuation to PSX’s earlier announcements dated February 23, 2018, and August 28, 2019, with respect to in-principle approval of PSX’s Board of Directors regarding the proposed demerger of PSX’s real estate from its operations, the Board has resolved to form a wholly-owned subsidiary of PSX for the purpose of demerger, instead of creating a sister concern owned by PSX’s shareholders.

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.