AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
London, July 05, 2013 (PPI-OT): London Stock Exchange today held its second Pakistan Capital Markets Day at its London headquarters in Paternoster Square. The event was held in conjunction with Barclays Bank and featured participation from 18 of Pakistan’s leading companies as well as London-based and international investors.
To mark the occasion His Excellency, the High Commissioner for Pakistan, Mr.Wajid Shamsul Hasan took part in a Market Opening Ceremony together with London Stock Exchange CEO, Alexander Justham and Shazad Dada, Chief Executive Barclays Bank, Pakistan.
Speaking at the event Alexander Justham, CEO London Stock Exchange said:
“This event plays host to leading Pakistani companies which are helping to support and drive the country’s economy. Our role in London is to work with these businesses, supporting their development. Today’s event gives us the opportunity to reflect on the strong partnership between our two economies, and explore how we can further strengthen our collaboration.”
His Excellency, the High Commissioner for Pakistan, Mr. Wajid Shamsul Hasan:
“Capital markets are an important barometer of the health of an economy and important component of the financial sector. The Pakistani capital market is among the most productive and profitable in the world. During the last five years, the KSE 100 index has repeatedly touched new heights of investment, from 5000 points in 2008 to nearly 23,000 points in June 23, 2013. With the success of democracy and the newly-elected government under Prime Minister Muhammad Nawaz Sharif, the stock market is still going up–a sure manifestation of investors’ confidence in democracy and the new government. I am happy to share with you that while the global markets are slowly recovering from the worst recession of recent history; Pakistan’s capital market has been growing from strength to strength.”
The Pakistan Capital Markets Day is part of a series of events London Stock Exchange runs to facilitate dialogue between London-based and global investors with international companies. Recent events have included: Egypt, Lebanon, Africa, Jordan and Saudi Arabia.
For more information, contact:
Mohan Bhuyan
Communications Consultant, Primary Markets
South Asia, Middle East and Africa
London Stock Exchange
T: +91 120 2426158
M: +91 98100 58564
E: mbhuyan@lseg.com or mbhuyan@gmail.com