Pakistan bourse to hive off 40% stake this year

Pakistan arrow px230 for gc
By John Loh
03 Oct 2016

The Securities & Exchange Commission of Pakistan (SECP) said the country’s stock exchange will complete a 40% sale this year, but declined to confirm if the Shanghai bourse was eyeing the stake.

The Shanghai Stock Exchange (SSE) has reportedly submitted a letter of intent to buy up to 40% of the Pakistan Stock Exchange (PSX), which would be the first by a Chinese stock exchange of a foreign bourse.

SECP did not confirm if the Shanghai exchange was an ...

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