Press releases 2013
London Stock Exchange hosts Pakistan Capital Markets Day
- His Excellency, the High Commissioner for Pakistan, Mr. Wajid Shamsul Hasan opens London trading
- 18 leading Pakistani companies attending
- 150 investor meetings scheduled
London Stock Exchange today held its second Pakistan Capital Markets Day at its 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 plc CEO, Alexander Justham and Shazad Dada, Chief Executive Barclays Bank, Pakistan.
Speaking at the event Alexander Justham, CEO London Stock Exchange plc 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 on 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."
Shazad Dada, Chief Executive of Barclays Pakistan said:
“The conference provides an excellent opportunity for leading Pakistani businesses to showcase their potential to a focused audience of global investors at what is an exciting time for Pakistan”.
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 further information please contact:
Tom Gilbert, Press Office
+44 (0)20 7797 1222
Notes to Editors
Pakistani companies attending the event included:
Fauji Fertilizer Co.
National Bank of Pakistan
Pak Oil Fields
Pakistan State Oil Company
About London Stock Exchange Group:
London Stock Exchange Group (LSE.L) is a diversified international exchange Group that sits at the heart of the world's financial community. The Group can trace its history back to 1801.
The Group operates a broad range of international equity, bond and derivatives markets, including London Stock Exchange; Borsa Italiana; MTS, Europe's leading fixed income market; and the Pan-European equities and derivatives platform, Turquoise. Through its markets, the Group offers international business, and investors, unrivalled access to Europe's capital markets.
Post trade and risk management services are a significant and growing part of the Group’s business operations. LSEG operates CC&G, the Rome headquartered CCP and Monte Titoli, the significant European settlement business, selected as a first wave T2S participant. The Group is also a majority owner of leading multi-asset global CCP, LCH.Clearnet.
The Group offers its customers an extensive range of real-time and reference data products, including Sedol, Unavista, Proquote and RNS, as well as access to over 200,000 international equity, bond and alternative asset class indices, through LSEG’s world leading index provider, FTSE.
London Stock Exchange Group is also a leading developer of high performance trading platforms and capital markets software. In addition to the Group’s own markets, over 30 other organisations and exchanges around the world use the Group’s MillenniumIT trading, surveillance and post trade technology.
Headquartered in London, United Kingdom with significant operations in Italy, France, North America and Sri Lanka, the Group employs approximately 2,800 people.
Further information on London Stock Exchange Group can be found at: www.lseg.com