Home »Stocks and Bonds » Pakistan » AKD lays foundation stone of new KSE building

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  • Nov 26th, 2013
  • Comments Off on AKD lays foundation stone of new KSE building
Aqeel Karim Dedhi, Chairman AKD Securities, has laid the foundation stone of new building of Karachi Stock Exchange (KSE) here on Monday. The ceremony was held at trading hall of KSE which was attended by the officials of stock exchange, senior brokers, TRE certificate holders, senior people from financial industry and others.

Addressing the event as chief guest, Aqeel Karim Dhedhi said that KSE was providing much better field for trading among all the regional capital markets as a result foreign investors are coming here for trading.

He said that KSE 100-Index is touching all-time-high levels on daily basis and this trend of record-making would continue in future as well, as there are many positive news in the market which are enhancing the confidence level of investors.

Nadeem Naqvi, Managing Director, said that stock's new building would be constructed at a cost of Rs70 million (seven crores), it is 1+10 floor building.

He said that the basic structure of the building would be ready in one year while it would be completed in next 18 months. The building would have 110 rooms in comparison with 54 rooms in old (existing) building.

He said that foreign inflow is playing major role in KSE-100 Index's record making, the index would make more new records in near future, he claimed.

Later talking to media, Naqvi said that demutualization process is continued, the meeting of concerned committee would be held next week. "We are working to enhance our local investors' network, Hyderabad's show was successful", he said.

He said that more road shows would be organised; our team is working on it.

Nadeem said that after Sindh, KSE would organise some awareness shows in Punjab. Small investors would be made aware about the new laws of stock exchange.

Copyright Business Recorder, 2013


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