A Gong Ceremony was held at Pakistan Stock Exchange (PSX) to welcome HBL on board as a Market Maker for debt securities on PSX. An agreement was signed between PSX and HBL today at the PSX Trading Hall whereby HBL becomes Market Maker for debt instruments listed on PSX.
The agreement was signed between Mr. Farrukh H. Khan, MD & CEO, Pakistan Stock Exchange, and Mr. Muhammad Aurangzeb, President & CEO – HBL. Also present at the ceremony were the Board of Directors of PSX and senior management of both the organizations.
On this occasion, Mr. Farrukh Khan, the MD & CEO of PSX, said,
He further stated, “We are confident that HBL as a market maker will add to the depth and development of the debt capital market of Pakistan. I congratulate and welcome HBL in their new role as Market Maker”.
Mr. Muhammad Aurangzeb, President & CEO – HBL, added,
Market Makers perform the crucial role of providing liquidity and depth to the market by facilitating investors to buy & sell securities through continuously quoting two-way prices, i.e., bid and offer prices.
Editorial & Legal Practice Group
Authored and reviewed by the corporate law and tax litigation practice group at Javid Law Associates. Our team comprises High Court advocates, corporate legal advisors, and authorized tax practitioners across Pakistan.
Advocates High Court & Tax Counsel
Jurisdiction: Pakistan