Leaving the trading floor as soon as the gong-striking ceremony, which marks the commencement of the trading session, was over, the KSE management hurriedly took the Chinese delegation to the administration block without letting its members speak to journalists.
The delegation received a presentation on the makeup of the KSE, its upcoming de-mutualisation, market indices, volatility and returns in comparison with other stock markets in the region, according to the official handout. Kamal briefed the delegation regarding the KSE’s performance. He informed the visitors that that the KSE-100 Index, the benchmark for Pakistan’s $43 billion equity market, rose 7.3% in the past three years when adjusted for price swings, gaining the most among 72 markets worldwide according to the Bloomberg Riskless Return Ranking.
While the official statement described in detail the contents of the presentation that the KSE chairman made in front of Gao, it did not say whether the CIC was going to invest in Pakistan’s capital markets in the near future.
WITH ADDITIONAL REPORTING FROM APP
Published in The Express Tribune, December 4th, 2012
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The visit of Gao at the forum of CIC is an opportunity to KSE and the chair to an opportunity to the CIC. The CIC is very, very keen to investment in the internatiotal markets in those regions where China has a firm footing and base of infrastructure, and development. Automobile is one area where China is very keen to invest in Pakistan, despite the very loyal consumer brand, and long time presence of the Japanese. Not only are Chinese making investments in the automobile sector but also make investments in developing brand, technologies, financing for autos to consumer for financing/amortising payment for 84 months payments, with either nominal interest or zero interest. Brazil is one of the market where China made sizeable investment. Our capital market should focus on such areas as well.