KSE approves listing of SME’s, having paid up capital less than PKR 200 mn
Karachi: The Karachi Stock Exchange (KSE) has approved a Small Medium Enterprises (SME) board in a move to attract new listings of SME’s having paid up capital less than PKR 200 mn.
According to Alfalah Securities Limited, in order to facilitate these listings, the KSE board has decided to charge a lower listing fee and less documentation would be required from these enterprises. KSE would also form two separate boards i.e. a normal board for listed large companies and an SME board for small and medium enterprises however, their trading would be done on the same terminal.
The listing of Small and Medium Enterprises (SMEs) on KSE would attract new investors to participate into the market which would result in an increase in overall market activity while, the decision would enable the SMEs to raise enormous long term capital.