Karachi: Members of PSX Stockbrokers Association (PSA) and other participants of Capital Market are dismayed over the neglect of the Capital Market by the Federal Government in the budget for FY 2020-2021. Exorbitant rates of capital gain tax (CGT), absence of distinction between short term gains and gains on long… Continue reading

SECP focused on rejuvenating IPOs: Chairman SECP

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP), to attract new listings in stock market, improve capital formation and provide ease of doing business, aims at rejuvenating the complete regulatory regime of initial public offerings. The SECP Chairman, Aamir Khan said that the Commission has proposed amendments in the… Continue reading

Capital Market Committee submits report to SECP

ISLAMABAD: The Capital Markets Committee constituted by the Securities and Exchange Commission of Pakistan (SECP), submitted its report to the regulator. The Committee which was formed earlier this month comprised of representatives of the stockbrokers, mutual fund association, professionals with banking experience and CEOs of Pakistan Stock Exchange (PSX), National… Continue reading

SECP takes measures for capital market stability

ISLAMABAD: The Securities and Exchange Commission of Pakistan  (SECP) Chairman and Commissioner (Securities Market Division) along with his team, met with capital market stakeholders, including the senior management of Pakistan Stock Exchange, National Clearing Company of Pakistan Limited, Central Depository Company of Pakistan Limited, representatives of broker community, Mutual Funds… Continue reading

SGX welcomes new Issue Managers Haitong International, W Capital and Evolve Capital Asia

SINGAPORE: Singapore Exchange (SGX) welcomes Haitong International Securities (Singapore) Pte. Ltd., W Capital Markets Pte. Ltd. and Evolve Capital Asia Private Limited to a growing pool of accredited Issue Managers and Catalist Sponsors.[the_ad id=”31605″] Mohamed Nasser Ismail, Head of Equity Capital Markets, SGX, said, “We are glad to see strong… Continue reading

Small Cap Stocks on the move in first quarter of 2019

SINGAPORE: Over the first 12 weeks of 2019, key regional Small Cap Indices have outpaced Large Cap Indices, a significant contrast to their less competitive performances between 2016 and 2018, Singapore Exchange (SGX) said on Monday. Last week, five stocks with a market cap of less than S$1 billion were… Continue reading

Qatar Stock Exchange holds workshop for listed companies on Investor Relations Mandatory Rules

DOHA, QATAR: Qatar Stock Exchange (QSE) Tuesday held a workshop for listed companies in relation to the forthcoming introduction of a mandatory Investor Relations (IR) Rules regime.[the_ad id=”31605″]Qatar Stock Exchange (QSE) has invested in a number of initiatives in the area of IR over recent years and this represents a… Continue reading

Interloop Limited raises Rs5.025 billion from Pakistan stock exchange

KARACHI: Interloop Limited has successfully raised Rs5.025 billion through the largest private sector Initial Public Offering (IPO), placing itself among the top 50 companies listed on the Pakistan Stock Exchange (PSX) by market capitalisation, the company said on Thursday.[the_ad id=”31605″]The company that supplies foot-hosiery to global sportswear giants like Nike… Continue reading

PSX suggests perpetual amnesty scheme to attract undocumented money to capital market

KARACHI: Pakistan Stock Exchange (PSX) has proposed a perpetual amnesty scheme to form a bridge between undocumented money and the equity market, as the capital actually sits in the informal sector. “PSX has forwarded a proposal to Finance Minister Asad Umar for a permanent amnesty scheme to attract the undocumented… Continue reading

KPK Finance Minister visits Pakistan Stock Exchange

KARACHI: Minister for Finance of Government of KPK, Mr. Taimur Saleem Khan Jhagra visited the Pakistan Stock Exchange to open the trading session with the gong ceremony, a press release issued by PSX said. After the ceremony, the minister said he was looking forward to fruitful discussions with PSX team… Continue reading