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Pakistan Stock Exchange to sell 40pc stake next week

KARACHI: Pakistan's main bourse is to sell a 40 per cent stake next week, a company official said on Friday, citing Chinese and British consortia as among the prospective buyers. At least 17 entities have expressed an interest in the Pakistan Stock Exchange (PSX), whose benchmark stock index was one of the best performing indices worldwide in 2016, gaining 38 per cent so far. The PSX is currently owned by more than 300 Pakistani brokers. "We are opening bidding for the 40 percent share of the PSX on December 15,"…