ANL 28.85 Increased By ▲ 0.50 (1.76%)
ASC 15.15 Increased By ▲ 0.01 (0.07%)
ASL 24.15 Increased By ▲ 0.50 (2.11%)
AVN 97.95 Increased By ▲ 2.35 (2.46%)
BOP 9.30 Increased By ▲ 0.10 (1.09%)
BYCO 10.35 Increased By ▲ 0.28 (2.78%)
DGKC 135.50 Increased By ▲ 3.00 (2.26%)
EPCL 49.98 Increased By ▲ 1.28 (2.63%)
FCCL 25.16 Increased By ▲ 0.61 (2.48%)
FFBL 25.22 Decreased By ▼ -0.41 (-1.6%)
FFL 16.04 Increased By ▲ 0.04 (0.25%)
HASCOL 11.07 Increased By ▲ 0.01 (0.09%)
HUBC 85.00 Increased By ▲ 0.80 (0.95%)
HUMNL 7.70 Increased By ▲ 0.43 (5.91%)
JSCL 25.75 Increased By ▲ 1.10 (4.46%)
KAPCO 37.45 Increased By ▲ 1.35 (3.74%)
KEL 4.17 Increased By ▲ 0.12 (2.96%)
LOTCHEM 15.13 Increased By ▲ 0.37 (2.51%)
MLCF 47.18 Increased By ▲ 1.18 (2.57%)
PAEL 39.40 Increased By ▲ 0.65 (1.68%)
PIBTL 12.04 Decreased By ▼ -0.01 (-0.08%)
POWER 10.65 Increased By ▲ 0.05 (0.47%)
PPL 91.00 Increased By ▲ 0.40 (0.44%)
PRL 26.69 Increased By ▲ 0.39 (1.48%)
PTC 9.05 Decreased By ▼ -0.09 (-0.98%)
SILK 1.45 Increased By ▲ 0.05 (3.57%)
SNGP 38.75 Decreased By ▼ -0.25 (-0.64%)
TRG 145.70 Increased By ▲ 6.95 (5.01%)
UNITY 32.90 Increased By ▲ 0.75 (2.33%)
WTL 1.61 Increased By ▲ 0.05 (3.21%)
BR100 4,959 Increased By ▲ 85.49 (1.75%)
BR30 25,734 Increased By ▲ 497.97 (1.97%)
KSE100 45,966 Increased By ▲ 603.04 (1.33%)
KSE30 19,199 Increased By ▲ 314.87 (1.67%)
Markets

PSX’s multi-million dollar system to commence operations from March

  • Back in November 2019, a contract was signed between then PSX Chairman Sulaiman S Mehdi and the Chief Executive Officer of Shenzhen Stock Exchange, Wang Jianjun to purchase the system.
18 Dec 2020

The much anticipated Pakistan Stock Exchange (PSX) trading and surveillance systems acquired from China’s Shenzhen Stock Exchange (SZSE) is expected to go live by March next year.

“The system acquired at the cost of around $5 million is in the process of implementation and is expected to come live by March next year,” Farrukh H. Khan, the Chief Executive Officer and Managing Director of PSX told Arab News.

“The implementation will also encourage and boost investors’ confidence because of the robustness of the system and effective surveillance,” he said.

Back in November 2019, a contract was signed between then PSX Chairman Sulaiman S Mehdi and the Chief Executive Officer of Shenzhen Stock Exchange, Wang Jianjun to purchase the system.

The system offered by SZSE is a state-of-the-art, robust system. The additional benefits of the SZSE trading system would be built-in risk management, market access, market data dissemination, market control, real-time trading system, disaster Recovery & System operation, monitoring and management, growth enterprise market (so far known as Small and Medium Enterprise trading), bonds/term finance certificate trading, single stock option trading, index option trading and real time fault-tolerant system.

“I am sure that increased transparency [through the] stronger surveillance framework and system in place as well as new products like options and index trading that will be available on Pakistan exchange, will continue to increase attractiveness for international investors from the Middle East to take the advantage of profitable opportunities in Pakistan,” Khan said.