Acquisition Marks: Percent and Exchange

acquisition marks: The Karachi-based PSX is currently the only stock exchange in Pakistan which was created in January 2016 following the merger of the Islamabad, Karachi and Lahore exchanges, according to Global Times China. Back in January 2015, at the start of the corporatization, Pakistan decided that the exchanges would offer no higher than 40 percent of their shares to international investors, no less than 20 percent to the public and the remaining to qualified domestic financial institutions. The three exchanges - China Financial Futures Exchange, Shanghai Stock Exchange and Shenzhen Stock Exchange - will take a combined 30 percent, while the remaining 10 percent will be halved between their local partners - Pak-China Investment Company and Habib Bank. The acquisition marks the first time that Chinese exchanges have bought stakes in a foreign bourse. The deal is also likely to boost Pakistan's market with the introduction of Chinese capital, technology, experience and financial products, and ready the Pakistani equity market for the launch of financial derivatives, such as futures and options. It's envisioned that the deal will further strengthen economic and financial cooperation between China and Pakistan. (news.financializer.com). As reported in the news.