Trade: (Pakistan Stock Exchange starts functioning)

ISLAMABAD: Pakistan Stock Exchange has formally started functioning in Karachi after merger of the stock exchanges of Karachi, Lahore and Islamabad.

Finance Minister Ishaq Dar inaugurated the Pakistan Stock Exchange at a ceremony held here on Monday. The index of the Pakistan Stock Exchange is ‘PSX’.

The integration of three exchanges has completed the second phase of the Stock Exchanges Demutualisation and Integration Act 2012, passed by a joint session of parliament. The integration of three exchanges will pave the way for more foreign investor’s interest.