Unusual Movement of Pakistan Stock Exchange Limited

Karachi, Pakistan Stock Exchange Limited informed Pakistan Stock that the Exchange is not aware of any matter or material development that might have resulted in a substantial increase in the share price of PSX during the last three months, as highlighted in your above-referred notice.

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.