Pakistan Stock Exchange has been very active and fast in the past few months and has emerged as an alternative to banks for investors.
As a result of the historic boom, the value of the Pakistan Stock Exchange has reached Rs 835 billion, which has attracted companies to acquire equity from market shares.
According to the data released by Arif Habib Limited, five new companies have been registered in the Pakistan Stock Exchange during the current calendar year, while two companies have joined the GEM Board. 8.43 billion rupees have been raised from the sale of shares, while the 10 already listed companies have raised 18.35 billion rupees.
Apart from this, the stock market has also developed a debt market, and during the current calendar year, the government has borrowed Rs 800 billion from the stock market for the first time, while four listed companies have also received a loan of Rs 8.56 billion.
It should be noted that during the current calendar year, the Pakistan Stock Exchange has reached a historical level of 90 thousand points, breaking all previous records, while the profit of 100 listed companies has reached a high rate of 1.6 thousand billion rupees with an increase of 24.4 percent. Investor confidence in the stock market is increasing, and investors are turning to the stock market instead of banks for financing.
