BUSINESS DESK
ISLAMABAD: After implementing the PRIDE system, which provides an automatic listing process for equity issues and debt, Pakistan Stock Exchange (PSX) has gone live with Public PRIDE.
It is a one-stop solution focused especially on investors for all information regarding upcoming public offerings.
According to a statement issued by PSX, the system has been developed to keep the investors and masses informed about the investment avenues available in the primary market.
Public Pride concentrates information related to publicly issued debt listings and upcoming Main Board listings. It facilitates investors to know easily the listing applications’ status and to review the relevant documents before making an investment decision.
Pakistan Stock Exchange’s PRIDE initiative
It is an extension of PRIDE, which Pakistan Stock Exchange soft-launched in December last year. Then it was fully launched in September this year. The aim of Public PRIDE is to ensure the continuous flow of information to the masses through its web pages.
Earlier, the listing process used to be a manual one with a considerable amount of documentation in hard form involved. Now, the new system made it fully digital and easily manageable.
PRIDE is a one-stop solution facilitating Advisors, Consultants, and Lead Managers to digitally submit applications for the listing of debt, equity, Exchange Traded Funds (ETFs), and mutual funds. –APP
