History, in the remaking…

According to this newspaper article published today, the 3 stock exchanges of the country have withdrawn their joint legal suit against PEX Limited.

The decision comes at an interesting time, since Mr. Lodhi has been appointed as the MD of the KSE less than a week ago.

PEX Limited is a privately managed ECN (Electronic Communications Network), that was set up to act as the fourth Stock Exchange in Pakistan. Being an ECN, it could be set up anywhere around the globe, and all processes would be completely electronic.

Read more regarding PEX, the case and other issues created by the pre-existent Stock Exchanges here.

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