PSX adds four Chinese directors on board
KARACHI: Pakistan Stock Exchange (PSX) made history with addition of four directors on board to represent the 40% stake bought by the Chinese consortium.
The new directors include Que Bo from Shanghai Stock Exchange, Zheng Hu from China Financial Futures Exchange, Yu Huali from Shenzhen Stock Exchange and Li Peng from Pak-China Investment Company.
The quartet would play a leading role in appointment of the PSX’s chief executive, chief financial officer and chief regulatory officer since they have been given rights to make nominations on the posts, while full-board would finalise the appointments.
Benchmark KSE-100 Index was closed at 49191 points with 200 points decrease on Friday.