Globe Residency REIT: First Listed Developmental REIT at PSX

Karachi: Globe Residency REIT (GRR) was listed at the Pakistan Stock Exchange on Wednesday by Arif Habib Dolmen REIT Management Limited at a Gong Ceremony, making it Pakistan’s first listed Developmental Real Estate Investment Trust (REIT). Minister for Finance, Senator Ishaq Dar was the Chief Guest on the occasion. Arif Habib, Chairman, Arif Habib Dolmen …

Stocks in the PSX-100 continued to fall

Karachi: Pakistani equities fell further on Tuesday, as investors remained concerned about the possibility of the Pakistan Stock Exchange (PSX) being included into the Morgan Stanley Capital International (MSCI) index. Today, MSCI will announce Pakistan’s reclassification from Emerging Markets (EM) to Frontier Markets (FM). On November 21, the semi-annual index review, the prospective reclassification is …

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