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LSE to de-list Asian Stocks Fund Limited from December 9

The Lahore Stock Exchange (LSE) has decided to de-list Asian Stocks Fund Limited w.e.f. Monday (December 9). After the delisting of Asian Stocks Fund Limited, the number of listed companies from the LSE will reach 435. The LSE is a fully electronic and completely automated stock exchange of the country, which have more than one trading floors in the region.

LSE MD and CEO Aftab Ahmed Chaudhry said that the LSE has already taken steps to build a mechanism that has produced more transparency in the trading of the shares as well as to secure the investment of the investors. Asian Stocks Fund Limited in its certificate holders meeting has decided to convert the de-list Asian Stocks Fund Limited in to open end fund scheme in compliance with Regulation No 65 of NBFC Regulations 2008.

Copyright Business Recorder, 2013