PSX holds Gong ceremony upon launch of ETFs

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Staff Reporter

Karachi

Pakistan Stock Exchange held a gong ceremony today to formally mark the launch of Exchange Traded Funds (ETFs) at PSX. These ETFsare NIT Pakistan Gateway Exchange Traded Fund, UBL Pakistan Enterprise Exchange Traded Fund, Meezan Pakistan Exchange Traded Fund, andNBP Pakistan Growth Exchange Traded Fund.
The ceremony was attended by PSX Chairman of the Board, Mr. Sulaiman S. Mehdi and Members of the Board; CEO PSX Mr. Farrukh H. Khan; Chairman SECP, Mr. Aamir Khan who was the Chief Guest, Commissioner SECP, Mr. Farrukh Sabzwari & senior management of SECP; and Directors, CEOs & senior management of other capital market entities.
Speaking at the occasion, the CEO PSX, Mr. Farrukh Khan, said, “The launching of ETFs is an important development in the PSX growth story. Globally ETFs are now probably the single largest asset class, worth over $7tn in market cap.
So, it is not only exciting but it was imperative that we bring this innovative instrument to investors in Pakistan’s capital markets. We hope that this product will be a popular investment option for the retail and institutional investors.