The stock market is expected to further receive a boost from the continued implementation of the privatization program, issuance of GDRs by OGDC – a large utility company – and as the banking sector offloads more of their shareholding to markets, and companies initiate IPOs to meet their financing requirements.
To restore investor confidence, the regulator is encouraging systematically the strengthening of the governance of exchanges by restructuring of Boards and appointment of independent management, encouraging the demutualization of exchanges, while strengthening risk management systems that have involved the introduction of T+3 settlement and circuit breaker limits, proper capital adequacy for brokers etc.