Karach i-Creating awareness amongst US investors regarding investment opportunities in Pakistan’s capital market and also creating a positive perception about Pakistan, Karachi Stock Exchange organised Pakistan Investment Conference” in New York.

KSE in partnership with Bloomberg LP, the leading global financial news & data provider, and in coordination with JS global organised the event on the 10th of June 2013.

This conference brought together the top management of Pakistan’s most successful listed companies and several international financial institutions and potential investors from across the United States, including many well-known mutual funds invested in emerging and frontier markets.

It has long term growth potential as a major emerging market with a large and vibrant domestic demand base. Given the interest shown in the conference proceedings by participants, it is expected that the Stock Market of Pakistan should get a favourable and enthusiastic response from US. institutional investors. 

Addressing to the conference, KSE Chairman, Muneer Kamal highlighted the strong performance of the Pakistan Stock Market despite challenging global financial environment.  The enthusiasm of international investors for Pakistan equities was a clear sign that confidence has been restored in the country’s capital market. No wonder, Pakistan market’s performance has been one of the best not only in Asia but also within the emerging and frontier markets universe in the last 12 months, with the KSE-100 Index rising by over 65pc during this period.

Muneer Kamal highlighted the important milestone in Pakistan’s political history where, for the first time, there was change from one civilian govt to another civilian govt through the election process.

Nadeem Naqvi elaborated on the significant improvement in the capital market regulatory regime both at the SECP level as well as the exchanges level with focus on systemic risk management, post demutualisation separation of regulatory and commercial functions of the exchanges to avoid conflict of interest and empowering investors to protect their interests.

Naqvi stated that the recent bullish move in the market was due to both strong corporate fundamentals and earnings growth in Pakistan as well as valuation expansion in anticipation that the new PML(N) government would move quickly to provide a conducive macro environment for private sector to take the lead in rejuvenating economic growth in the country.

Hamza Director Monitory Policy SBP also participated in the conference. Other capital market institution present at the conference was the Central Depository Company of Pakistan, represented by its Chief Executive Hanif Jhakura.  Representative of the different companies including MCB Bank, OGDC, Nishat Mills, Nishat Chunian, Nishat Chunian Power, Kot Addu Power, Fatima Fertilizer, PTCL, Bank Al Falah, FFBL, DG Khan Cement, Lucky Cement, Attock Petroleum, Attock Refinery and Pakistan Oilfields also attend the event.