NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Extraordinary General Meeting of Pakistan Cables Limited will be held on Thursday, May. | April 11, 2023
Club of 31 families dominate PSX
Boards of KSE-100 companies include people close to these families
Paper findings challenge the deeply-held notion that the stock market is a reflection of strong economy and vibrant financial sector. PHOTO: FILE
ISLAMABAD:
Only 31 families dominate the Pakistan Stock Exchange and boards of directors for KSE-100 index companies are mostly filled with people close to these families, some of them are their employees, reveals a study by the Pakistan Institute of Development Economics (PIDE).
In 2018, when the data was collected, 31 families dominated the KSE-100, states the “Small club: distribution and networks in financial markets of Pakistan” - a study by vice chancellor of PIDE, Dr Nadeemul Haq and Amin Husain.