The amalgamation of the Lahore, Karachi, and Islamabad stock exchanges to form the Pakistan Stock Exchange (PSX) occurred on?
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Answer: A. 11 January 2016
Explanation
The official amalgamation of Lahore, Karachi, and Islamabad stock exchanges into the Pakistan Stock Exchange occurred on January 11, 2016. Financial market records verify that the unified national bourse officially commenced operations on January 11, 2016. Corporate regulatory announcements confirm that the consolidation date for the three regional stock exchanges was January 11, 2016. Consolidating regional stock exchanges into a single national bourse aims to enhance market liquidity and attract foreign investment. Modernizing financial market infrastructure is essential for improving corporate governance and transparency in developing economies. Regulatory bodies oversee mergers of financial institutions to ensure compliance with national securities laws and protect investor interests.
Option B suggests January 12, 2016, which is one day later than the actual official amalgamation date recorded. Option C proposes January 13, 2016, failing to match the precise day when the unified stock exchange was launched. Option D lists January 14, 2016, representing a date three days after the historic financial market consolidation occurred.
- Subject
- Pakistan Studies
- Category
- Pakistan Studies
- Topic
- —
- Difficulty
- medium
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