Pakistan Stock Exchange (PSX) is a stock exchange based in Karachi, Pakistan. The acronym or abbreviation for this market is PSX. This page contains information on the trading hours, market holidays, contact information and more.
Pakistan Stock Exchange is located in the country of Pakistan.
Stock exchanges near Pakistan Stock Exchange include the following markets: Tehran Stock Exchange, Saudi Stock Exchange, Dar-es-Salaam Stock Exchange, Dhaka Stock Exchange & Chittagong Stock Exchange.
The main currency of Pakistan Stock Exchange is PKR. It's symbol is ₨.
Pakistan Stock Exchange: A Deep Dive
Pakistan Stock Exchange (PSX) is the main equity market of Pakistan. It is located in Karachi, the country's largest city and financial hub. The PSX plays a vital role in fostering economic growth and development in Pakistan by providing a platform for companies to raise capital from investors. It is regulated by the Securities and Exchange Commission of Pakistan (SECP).
History of Pakistan Stock Exchange
The history of the Pakistan Stock Exchange can be traced back to the 1940s when the first stock exchange in Pakistan was established in the city of Lahore. Over the years, the stock exchanges of Karachi, Lahore, and Islamabad combined to form the Pakistan Stock Exchange in 2016. The PSX has come a long way since then and has witnessed several highs and lows, including the 2008 global financial crisis, political unrest, and economic instability.
Pakistan Stock Exchange Today
The PSX today is a thriving equity market that comprises 571 listed companies from a range of sectors, including banking, oil and gas, textiles, and cement. In 2020, the PSX was one of the best-performing stock markets in the world, with an annual return of over 7%. The market capitalization of the PSX stood at around PKR 8.03 trillion in 2021.
The PSX has also taken steps to embrace digitalization and innovation, launching electronic trading platforms, mobile trading applications, and online portals to improve accessibility and transparency for investors. The SECP has also introduced several regulatory reforms to enhance the integrity and efficiency of the stock market.
In conclusion, the Pakistan Stock Exchange is a critical contributor to the growth and development of Pakistan's economy. With a diverse range of listed companies and robust regulatory oversight, the PSX offers investors a range of investment opportunities. Despite past challenges, the PSX has shown resilience and is expected to continue to grow and evolve in the coming years.
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