Fudda gave a presentation to the IMF representative and briefed him about the tremendous growth attained by the stock market during last five years and said that during this period the KSE 100 Index has appreciated by over 340 percent and the market capitalisation has increased by 371 percent.
He said that this was possible due to major changes in the regulatory reforms.
While answering to the various queries, the Chairman & the Managing Director-KSE further informed that the Exchange has provided a cost-effective and transparent market. This was possible due to substantial investments made in the IT infrastructure & software applications, which are comparable to international standards.
They said: "The KSE is now in a position to provide capital on competitive cost to the companies, market liquidity & efficient price discovery to the investors."
However, despite all this, listings of the companies on the stock exchanges are slow mainly due to non-availability of any tax incentive for the listed companies likewise in the past.