Islamabad Stock Exchange has Bright Future and Potential Growth

Islamabad, June 22, 2012 (PPI-OT): The Islamabad Stock Exchange (ISE) has much growth potential after demutualization.

The demutualization will provide opportunity to the bourses to tap local as well as foreign investment through strategic investors. The ISE has complied with all the requirements of the demutualization law required to be met so far. The ISE will make enormous development in post demutualization scenario.”

This was stated by Mian Ayyaz Afzal, Managing Director at the opening ceremony of brokerage house of Mr. Jehanzaib Gondal, member of the Exchange.

The MD apprised the participants about the salient features of the demutualization law as well as investor education program being launched through SECP at national level.

Mr. Zahid Latif Khan, Director ISE and CEO of Zahid Latif Khan Securities (Pvt.) Limited inaugurated the brokerage house as Chief Guest of the event that was attended by a large number of participants including members and staff from different brokerage houses.

Mr. Zahid Latif Khan said that the approval of demutualization law was a part of SECP’s efforts to bring about structural and regulatory changes through legal reforms in the capital market.

The member’s community is confident and optimistic about the corporatization and demutualization process that would result in improved governance and transparency at the stock exchanges and striking balance between interests of all stakeholders through segregation of commercial and regulatory functions and separation of trading rights and ownership rights.

Through participation of strategic investor, the ISE shall have more growth potential that will benefit the entire securities market of the country.

Mr. Zahid Latif Khan congratulated Mr. Jehanzaib Gondal on joining the ISE family. He expressed his good wishes for Mr. Jahanzaib and hope that his house will play an important role in boosting trading activities at ISE.

Mr. Jehanzaib Gondal, the new member, appreciated the role of the ISE in providing investment opportunities to the investors of the region and its focused program on investor education.

He also expressed his future plans and in the end he thanked all the participants for attending the event.

For more information, contact:
Islamabad Stock Exchange
ISE Towers
55-B, Jinnah Avenue, Islamabad, Pakistan
Tel: +92(51)111-473-473
Fax: +92(51)111-473-329

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