(Bloomberg) -- The Karachi Stock Exchange,
Pakistan's biggest stock market, may sell a 10 percent stake to
an overseas bourse before its initial share sale to help spur
trading on a market that has risen 14-fold in six years.
``I have received interest from a number of regional, even
European exchanges, including the Dubai International Financial
Exchange,'' Razi-ur-Rahman Khan, chairman of the Islamabad-based
Securities & Exchange Commission of Pakistan, said in an
interview in Karachi on July 16. ``My vision is that a foreign
stock exchange could take a five or 10 percent stake, become an
active partner and play an active role in management.''
Read more at Bloomberg Emerging Markets News
Pakistan's biggest stock market, may sell a 10 percent stake to
an overseas bourse before its initial share sale to help spur
trading on a market that has risen 14-fold in six years.
``I have received interest from a number of regional, even
European exchanges, including the Dubai International Financial
Exchange,'' Razi-ur-Rahman Khan, chairman of the Islamabad-based
Securities & Exchange Commission of Pakistan, said in an
interview in Karachi on July 16. ``My vision is that a foreign
stock exchange could take a five or 10 percent stake, become an
active partner and play an active role in management.''
Read more at Bloomberg Emerging Markets News
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