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SE demutualization committee’s session held in Karachi

KARACHI: The Securities and Exchange Commission of Pakistan (SECP) has directed to expedite the process of sale of Karachi Stock Exchange’s share, ARY News reported.

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SECP has directed the committee formed to demutualize all three stock exchanges of the country to speedily complete the sale of KSE’s shares.

A meeting of demutualization committee was held on Tuesday in Karachi. Chairman of SECP Tahir Mehmood chaired the meeting to review the process of sale of KSE’s share.

According to details 40 per cent shares of KSE would be sold to members, 20 per cent to general public while remaining 40 per cent will be sold to local financial institutes.

Chairman of demutualization committee informed SECP Chairman that soon the interested investors will be asked for offer regarding buying of KSE’s share.

 

 

 

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