-
7/22/2019 Demutualization of KSE
1/17
-
7/22/2019 Demutualization of KSE
2/17
Demutualization
Demutualization is the process by which a customer-
owned mutual organization or co-operative changeslegal form to a
joint stock company
-
7/22/2019 Demutualization of KSE
3/17
-
7/22/2019 Demutualization of KSE
4/17
-
7/22/2019 Demutualization of KSE
5/17
-
7/22/2019 Demutualization of KSE
6/17
-
7/22/2019 Demutualization of KSE
7/17
Problems of Stock
ExchangesLow Quality of Many Listed Companies
Narrow Base of Investors
Minimal Share Ownership
Number of Shareholders in the country is less
than 1% of Population
-
7/22/2019 Demutualization of KSE
8/17
-
7/22/2019 Demutualization of KSE
9/17
Stagnation in number of
Shareholders
-
7/22/2019 Demutualization of KSE
10/17
-
7/22/2019 Demutualization of KSE
11/17
-
7/22/2019 Demutualization of KSE
12/17
Shareholding structure
100% shares to be allotted equally among 200 existing members of
KSE
40% under house account
of existing members
60% in CDCs blocked account
under KSEs participant ID, to be
operated by the Board, and later
on, to be divested in the
following manner:
Upto 40% to strategic
investor(s)
Upto 20% to general public
through offer for sale
Any remaining share to
financial institutions
DEMUTUALIZATION OF KARACHI STOCK EXCHANGE: INTRODUCTION
&IMPLEMENTATION
-
7/22/2019 Demutualization of KSE
13/17
MethodologyMeetings with Stakeholders
Consultation through Questionnaire
Internal Meetings
-
7/22/2019 Demutualization of KSE
14/17
-
7/22/2019 Demutualization of KSE
15/17
-
7/22/2019 Demutualization of KSE
16/17
Conclusion
-
7/22/2019 Demutualization of KSE
17/17
