Inside Financial Markets

KSE along with Bloomberg will hold the ‘largest-ever’ investment road show in New York

kse nasadqKarachi Stock Exchange along with Bloomberg will hold the ‘largest-ever’ investment road show in New York City on June 9-10, Sources KSE

Karachi Stock Exchange along with Bloomberg and JS Global Company hold the road show in New York (NASDAQ)

As many as 100 investors have signed up for meetings. “It is going to be the largest investment road show held The investment conference is all the more important after recent reports suggested that the government plans to reduce its share in state-owned energy companies to around 51%, in a bid to raise cash needed for clearing the circular debt. The government owns 71% of PPL, while it has a 74.9% stake in OGDC.

“The conference is of particular importance for SOEs because they won’t have to introduce themselves to global investors in case they decide to issue global depository receipts (GDR). Foreign shareholding creates liquidity in their stocks, increases their credibility and leads to better corporate governance,” KSE official

 

Ali Nawaz

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Inside Financial Markets was a joint publication of Pakistan Stock Exchange (PSX)and Society of Technical Analysts Pakistan (STAP)