Chinese-Led Consortium Acquires 40% Stake in Pakistan Stock Exchange

[kreslik.news]

A Chinese-led consortium that includes three Chinese exchanges and two Pakistani financial institutions, has signed a final deal to purchase a 40-percent stake in the Pakistan Stock Exchange. The bourse’s market capitalization from 558 listed companies is $77 billion.

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The group includes China Financial Futures Exchange (CFFEX), Shanghai Stock Exchange (SSE), Shenzhen Stock Exchange (SZSE), Pak China Investment Company Limited and Habib Bank Limited.

The three Chinese exchanges will take up 30% stake, through a deal valued at $85 million, while their Pakistani partners will pick ... (read more)