Pakistan Stock Exchange (PSX) held a Gong Ceremony to on board HBL as a Market Maker for debt Instruments at PSX. In this regard, agreement was signed between Habib Bank Ltd and Pakistan Stock Exchange at the Trading Hall of the exchange whereby HBL was announced as Market Maker for listed debt securities listed at PSX. Mr. Farrukh H. Khan, MD Pakistan Stock Exchange and Mr. Muhammad Aurangzeb, President – Habib Bank Ltd signed the agreement. The Board of Directors of PSX and senior management of HBL were present at the occasion.

MD &CEO of PSX, Mr. Farrukh Khan said on the occasion:

This is a very important step in developing collaboration between the banking sector and capital markets. The development of debt markets is an important strategic objective of PSX and critical for the economic growth of Pakistan. Hence, it is a very positive development that the largest bank of Pakistan is coming on board as the designated Market Maker for debt securities listed on PSX. HBL, which was also the first company to be listed on the Stock Exchange, is now going to act as a market maker for corporate and government debt securities listed on PSX.

President & CEO – HBL said at the event:

Today’s signing ceremony marks the commencement of a market-making relationship between HBL and the Pakistan Stock Exchange (PSX). This is a historic moment, and we are grateful for PSX’s continued trust in the Bank. The arrangement allows investors to buy and sell debt securities with HBL willing to act as a buyer and/or seller. This will not only increase the attraction for debt instruments as an investable asset and add greater liquidity to the Exchange but will also pave the way to enhance the outreach of the debt market. We look forward to building a strong relationship with the Pakistan Stock Exchange and continue to play our role in developing the economy of the country.


Please enter your comment!
Please enter your name here