London Stock Exchange Group hosts Pakistan Capital Markets Day
- Mohammad Zubair, Minister of State for Privatisation opens London trading
- 14 leading Pakistani companies attending
- 140 investor meetings scheduled
London Stock Exchange today held its 4th annual Pakistan Capital Markets Day at its London headquarters in Paternoster Square. The event was held in conjunction with Citi and featured participation from 14 of Pakistan’s leading companies, as well as London-based and international investors.
To mark the occasion, Mohammad Zubair, Minister of State for Privatisation and His Excellency Syed Ibne Abbas, High Commissioner for Pakistan to the United Kingdom took part in a Market Opening Ceremony together with London Stock Exchange Group’s Head of International Business Development, Nikhil Rathi and Nadeem Lodhi, CCO & MD citibank, Pakistan.
Speaking at the event Nikhil Rathi, Head of International Business Development, London Stock Exchange Group said:
“This event plays host to leading Pakistani companies which are helping to support and drive growth in the country’s economy. Since 2006, we have seen listings in excess of £10bn from Pakistan, underlining exceptional London investor interest in building exposure to the country’s fast-growing economy. Today’s event gives us the opportunity to reflect on the strong partnership between our two markets and to explore how we can further strengthen our collaboration.”
Mohammad Zubair, Minister of State for Privatisation said:
"Pakistan Capital Markets Day 2015 at London Stock Exchange is an important event where we can apprise potential investors of the business and investment potential of Pakistan. The Pakistani capital market is among the most productive and profitable in the world having ranked among the top 10 stock markets in the world for the last three years.
“KSE 100 Index companies have shown nearly 20% p.a. growth in profits successively in the last 5 years and return on equity of about 20% during this period. This makes the listed corporate sector in Pakistan amongst the top performing in Asia. Also, this is a sure manifestation of investors' confidence in our government’s economic reform agenda. I invite investors to avail themselves of the investment opportunities on offer in Pakistan.”
Nadeem Lodhi, CCO & MD citibank N.A., Pakistan said:
“Supporting initiatives such as the Pakistan Capital Markets Day at London Stock Exchange are part of our ongoing efforts to drive the country’s growth. Our role, as a market leader in the country is to work with companies that have appetite for growth and provide them with a platform to showcase their potential to a focused audience of global investors. This event offers us an opportunity to reflect on the potential of the country.”
There are five Pakistani companies listed on London Stock Exchange across the Main Market and AIM, with a combined market capitalisation of £10.5bn. In addition to equity fundraising, London Stock Exchange is also one of the world’s leading sukuk venues, bringing together international Islamic finance issuers and investors. The Pakistan Capital Markets Day is part of a series of events London Stock Exchange runs to facilitate dialogue between London-based and global investors with international companies.
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Notes to editors:
Pakistani companies attending the event included:
Hub Power Company
National Bank of Pakistan
Oil & Gas Development Company Limited
Pakistan International Bulk
United Bank of Pakistan
About London Stock Exchange Group:
London Stock Exchange Group (LSE.L) is a diversified international exchange Group that sits at the heart of the world's financial community. The Group can trace its history back to 1801.
The Group operates a broad range of international equity, bond and derivatives markets, including London Stock Exchange; Borsa Italiana; MTS, Europe's leading fixed income market; and the pan-European equities platform, Turquoise. Through its markets, the Group offers international business, and investors, unrivalled access to Europe's capital markets.
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