ISLAMABAD - The Islamabad Stock Exchange (ISE) has much growth potential after demutualization. The demutualization will provide opportunity to the bourses to tap local as well as foreign investment through strategic investors. The ISE has complied with all the requirements of the demutualization law required to be met so far. The ISE will make enormous development in post demutualization scenario.
This was stated by Mian Ayyaz Afzal, Managing Director, at the opening ceremony of brokerage house of Jehanzaib Gondal, member of the Exchange. The MD apprised the participants about the salient features of the demutualization law as well as investor education program being launched through SECP at national level.
Zahid Latif Khan, Director ISE and CEO of Zahid Latif Khan Securities (Pvt) Limited, inaugurated the brokerage house as chief guest of the event that was attended by a large number of participants including members and staff from different brokerage houses. Zahid Latif Khan said that the approval of demutualization law was a part of SECP’s efforts to bring about structural and regulatory changes through legal reforms in the capital market.