The Securities and Exchange Commission of Pakistan (SECP) have officially revised the applicable limit on the people of different countries or the Representatives from other countries of different businesses, in order for them to get any sort of shares or holding any type Pakistan Stock Exchange (PSX) shares, under the Stock Exchange (Corporatization, Demutualization, and Integration) Regulation 2012.
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Now it has been revealed that the new limit will be 20% for all foreign investors. The limit was previously 10% for foreign investors but now has been revealed to risen to 20%. Furthermore, it should also be noted that according to the regulations of an SECP requirement, it is mandatory for a foreign person to disclose if they have 1% holding of PSX shares or for a foreign institution to disclose if they have 2.5% holding of PSX shares.
Foreign Investors can now acquire 20% Pakistan Stock Exchange shareholding in Pakistan!
Moreover, the Depository Company (CDC) is looking set toimplement on the above announcement and put in place a systemwhichmay allow the said increase in the shareholding limit of PSX shares by foreign persons or institutions. The decision will bode well for PSX’s trading as the investment will increase due to this step.
