He said that Pakistan had a lot of investment opportunities and Turkish investors would take full advantage of these opportunities. "Despite improved diplomatic relations between the two Islamic countries, trade relations are not up to the mark, therefore now we are focusing to enhance trade between Pakistan and Turkey," he added. He said that Karachi share market was aggressively progressing and hopefully further improve in the future.
On the occasion, Nadeem Naqvi, Managing Director KSE, said that presently Unilever had only sent information to Karachi Stock exchange that its majority share holders were interested for buy-back and de-listing of Unilever shares from Pakistan's equity markets. However, he said, the company has so far not applied officially for de-listing of its shares.
"Any company can de-list its shares, however, its KSE's responsibility to protect the investors' interest and a committee will negotiate with Unilever, once the formal application for de-listing will be received by the KSE," he added. "The committee will negotiate with Unilever on the share price, offered by the majority share holders, and will try to fix a valuation, which will be in favor of investors," he said.
Talking about the market performance, he said that during the last three years listed companies had performed well and registered 20-22 percent growth. Later, Turkish Consul General rang the bell in the KSE trading hall to start trading of the day. Haroon Askari, deputy managing director, Zafar Moti and other were also present.