Property Sector Finally Launched on PSX

To index the listed firms similarly to sectors like cement, banking, telecoms, etc., the Pakistan Stock Exchange (PSX) has introduced a “Property” sector. The number of sectors on PSX has increased to 36 with the inclusion of this sector.

According to the PSX announcement, non-REIT listed firms with a real estate focus will comprise the real estate sector.

With this innovation, PSX is getting closer to reflecting listed firms’ important economic activities more accurately and effectively. It is an effort to clearly depict the crucial components of real estate and construction in the PSX.

ALSO READ

HOW TO INVEST IN PAKISTAN STOCK EXCHANGE

TPL Properties, Javed Corp Ltd, and Pace (Pak) Limited are the three businesses that were first assigned to the sector. These businesses had previously been listed in several industries.
PSX has also been actively engaged in the real estate market in a variety of ways.

The management of PSX has announced plans to list more than a dozen real estate investment trusts (REITs) to allow REITs to obtain capital for their real estate projects by making shares available to the public on the stock exchange.

REITs are extra real estate developments that produce revenue for shareholders. To make money on their investments or funding, people might fund REITs (construction projects) and buy stock in rental properties.

All Pakistani REITs are still trusted by the Central Depository Company (CDC).

Similar Articles

Comments

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Advertisment

Most Popular