In March 2017, a consortium comprising of entities from China and Pakistan acquired a 40 percent stake in Pakistan Stock Exchange. A year later, a Chinese consortium acquired 25 percent stake in Dhaka Stock Exchange.
Since the Pahalgam terror attack on April 22, KSE 100 has fallen nearly 13 percent while KSE 30 has crashed around 14 percent so far.
Financial analysts blamed the fear of a global recession for the massive fall in the stock exchange. Even after a cooling period of one hour, the PSX lost another 2,000 points when trading resumed, resulting in a record 8,600 points drop in intraday trade
The fire initially broke out on the fourth floor of the building housing offices of the Ali Habib Trading Company
However, Information Minister Murtaza Solangi and three-time Prime Minister Nawaz Sharif's Pakistan Muslim League-Nawaz (PML-N) party opposed the move.
Caretaker Prime Minister Anwaar ul Haq Kakar had more depressing news for the market on August 31 when he made it clear that the government would fulfil Pakistan's agreements with multi-financial institutions at any cost and there was no room for deviations.
On Monday, the Pakistan Stock Exchange closed at 43,899 points, up 2,446.32 points from Fridays close of 41,452.68.
The New York-based credit rating agency forecast a stable outlook for Pakistani banks and estimated the country's gross domestic product (GDP) growth rate to remain between three and four per cent.
Pakistan Prime Minister Imran Khan said there had been intelligence reports warning of attacks in Pakistan and he had informed his cabinet about the threat.
Four heavily armed militants on Monday made a brazen attempt to take over the Pakistan Stock Exchange (PSX) building here, killing three security guards and a police officer before being shot dead by security forces.
A consortium led by Chinese firms has signed a strategic agreement to acquire 40 per cent equity of Pakistan Stock Exchange for USD 85 million, in a move aimed at mobilising funds for the USD 46-billion CPEC project and facilitating China's entry into the Pakistani capital market.
The high-capacity transmission line will be the first of its kind in Pakistan and will link Matiari town in the south, near a new power station, to Lahore city in the east, a key link in transmission infrastructure, the Pakistani government said.
Three Chinese exchanges have come forward to buy 40 percent stake in Pakistan Stock Exchange, reports Reuters. This consortium of bourses will be offering Rs 28 (USD 0.27) per share to buy the aforementioned stake, Reuters reports, quoting a statement and the bourse's top official.