Pakistan Stock Exchange Role of PSX in providing
Author : olivia-moreira | Published Date : 2025-05-10
Description: Pakistan Stock Exchange Role of PSX in providing equity debt March 9 2019 Presentation by Richard Morin CEO PSX at a glance 546 listed companies 7 indices Market capitalization of PKR 769 trillion 233000 retail investors 230 active
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Transcript:Pakistan Stock Exchange Role of PSX in providing:
Pakistan Stock Exchange Role of PSX in providing equity & debt March 9, 2019 Presentation by Richard Morin, CEO PSX at a glance 546 listed companies 7 indices Market capitalization of PKR 7.69 trillion 233,000 retail investors 230 active brokers *As on 31st December 2018 Pakistan Stock Exchange is the national bourse of Pakistan. Diversity of listed companies on PSX *As on 31st December 2018 Historic annualized returns Rates annualized PIB 10YR tenure average T-Bills 6M tenure average Weighted average deposit rate SBP Inflation is 2012-2018 average 2009 - 2018 Pakistan vs emerging markets Source : MSCI 31st December, 2018 Pakistan vs emerging markets Source : MSCI 31st December, 2018 PSX vs peers Source: WFE Statistics, World Bank, PSX Research Data as of December 31, 2018 Economy 70% (?) undocumented Capital sits in informal sector; cannot come to capital markets Over investment in real estate Pakistanis priced-out of real estate while companies are starved of capital National savings scheme Distortions impede capital market development Pakistanis miss out on much higher long term returns on stock market GOP pays extra Rs. 100 bn\year in interest Economic growth suffers Structural issues Bond market micro structure SBP as regulator, issuing agent and clearing agent Only banks are primary dealers Lack of transparency Brokers business model Clearing and non-clearing; brokers vs family offices\prop-trading houses Fee for advice; Separately Managed Accounts Mutual funds platform In-house margin financing Structural issues Thank You
