KARACHI: The Pakistan Stock Exchange (PSX) announced the introduction of a new ‘property’ sector for non-REIT real estate-related listed companies.
The addition brings the total number of sectors on PSX to 36.
Three companies have been placed in this category, namely Javedan Corp. Ltd. (JVDC), which was previously placed in the cement sector; Pace (Pak) Ltd. (PACE); and TPL Properties Ltd. (TPLP); the latter two falling under the miscellaneous category before.
This step showcases the efforts PSX is making towards representing the listed companies and relevant economic activity in an improved manner.
“This is an attempt to distinctly represent the important elements of real estate and construction in the Pakistan Stock Exchange,” stated the bourse in an issued notice.
As per the Global Industry Classification Standard (GICS), it is customary to title the sector as Real Estate, with further subdivisions accordingly.
Quetta Town is a residential neighbourhood located in the vibrant city of Karachi, Pakistan. Known…
Akbar Chowk in Lahore stands as one of the city’s most critical intersections, serving as…
Khuda Baksh Colony, located near Bhatta Chowk in Lahore, is a rapidly developing residential area…
Gol Market in Karachi is one of the city's most iconic and bustling commercial centres.…
Model Town, located in the heart of Gujranwala, is one of the city’s most prestigious…
ISLAMABAD, Pakistan— In a major move to address the longstanding grievances of overseas Pakistanis, the…
Welcome to Graana Blog - Pakistan’s Smartest Property Portal!
For more than a decade our intention has been to revolutionise the real estate industry in Pakistan. The same belief drove the vision of our real estate team, Graana where quality beats quantity.
We have introduced an extremely transparent and purposeful portal where we will help you buy, rent or sell your property. A place where you can sit back relax and let us market your projects and listings. We believe we have set new standards for the future of real estate in Pakistan by providing the smartest property portal.
