The opening of trading floor by Lahore Stock Exchange in Faisalabad is likely to jack the bourse's daily trading volume by 10 percent in a period of one year.
"This is just the beginning of LSE plans to reach out to stock market investors in the Punjab province," Samir Ahmad, Managing Director LSE, told APP here on Monday.
LSE Board of Directors planned to set up regional offices, initially in Faisalabad, to be followed by Multan, Gujranwala and Sialkot, Samir Ahmad said and added that the LSE had decided to allow its 25 members to set up their offices in the second biggest town of the province.
"We are looking for premises in Faisalabad for this regional facility," he said, which he hoped would become functional within six months.
The MD said that trade generated this way would be carried out through the internet.
LSE's web-based trade presently accounts for about 40 percent of the total volume. About the 5 percent shares of Sui Southern Gas Company (SSGC), he said the subscription would provide more depth and breadth to Pakistan's stock market.
Samir Ahmad expressed hope that a large number of people would avail the sale offer by SSGC.
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