There is a misconception among businessmen and people that small and medium enterprises (SMEs) cannot be listed at the Pakistan Stock Exchange (PSX), said a leading businessman. In this regard, many issues have been resolved to address concerns of investors.
While presiding over an awareness session, organised in collaboration with the PSX, Lahore Chamber of Commerce and Industry (LCCI) President Kashif Anwar said that companies should be listed at the stock market as it would provide them with a lot of benefits.
He voiced hope that liaison between the Lahore Chamber and PSX would prove to be very fruitful.
Anwar called the bourse an important indicator to examine the health of economy. “Currently, Pakistan Stock Exchange is performing well,” he said.
He added that the purpose of the awareness session was to inform LCCI members about the PSX, encourage them to get their companies listed on it and highlight issues of capital and liquidity.
Speaking on the occasion, PSX Director Ahmad Chinoy said that the PSX had taken various initiatives and people were being informed about its benefits through a door-to-door campaign.
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He stressed that they were spreading awareness about listing at the PSX, investment and other matters. “This is the best forum for investors. Listed companies make people shareholders at market value. This brings diversified experience and provides a better advice.”
Chinoy announced that they had introduced reforms in the stock market where a company could get listing certificate in just 29 days.
This turns local companies into international brands and also improves their profile. At present, 534 elite companies are listed at the stock exchange and “our local companies will also get the status of elite companies by getting listed on the bourse”.
He emphasised that the entry of domestic companies into the PSX would lead to the development of the economy and increase market capitalisation. At the event, where PSX CEO Farrukh Khan was also present, a detailed presentation was given about the aims and objectives of the bourse.
Published in The Express Tribune, February 13th, 2024.
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