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Ibero-American Federation of Exchanges Annual Meeting
7 September 2009 - 8 September 2009
Lima, Peru
For more information, please contact correo@fiabnet.org
http://www.fiabnet.org
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 Lahore Stock Exchange
The market remained bearish during the year 2008. Challenging economic condition, unstable political conditions, higher inflation and interest rates, exchange-rate instability, stagnation of the privatization process, outflow of the portfolio investments, globally pervasive bearish markets, energy crisis, worsening law & order situation, political uncertainties, depletion of foreign-exchange reserves, lowering of countrys credit-rating etc. are the main factors for continuation of this bearish spell. The sense of crisis gripping Pakistans economy has now visibly eased as the government moved to address the most immediate risks, and entered into a macroeconomic stabilization program to support medium-term reforms under the aegis of the IMF.
LSE-25 Index after touching the height of 4,841.660 points in February 2008 started to decline sharply and is placed at 1,491.940 points on December 31, 2008 with market capitalization of US$ 21.416 billion. The average daily turnover of shares remained 12.476 million shares with an average daily value of shares traded of US$ 18.418 million. LSE listed 1 new company 7 Open-end Mutual Fund and 3 Term Finance Certificates during the period under review. The overall economic scenario has not been conducive for companies to list and for the investors to trade in the stock exchange. The Exchange is, however, well positioned in an enabling environment with the cooperation of the regulators to capitalize all available opportunities with its distinct performance to restore the confidence of investors and to tap the potential listing opportunities.
Mian Shakeel Aslam
Lahore Stock Exchange
CEO/Managing Director
Lahore SE page on FEAS Website »
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