The Lahore Stock Exchange (LSE) has acquired suitable premises for its proposed Sialkot Trading Floor, which is expected to be ready for operation in next five to six-months' period.
"We have acquired the premises on rent and necessary work will be started soon for early completion of the floor that may take five to six months", Syed Asim Zafar Chairman LSE, told Business Recorder.
So far 20 members had submitted applications for opening of their offices in Sialkot and November 5 was the deadline for submitting applications and it was expected that more people would come before expiry of the last date, he added.
This will be the second trading floor of LSE after Faisalabad, which will be functional from 24th of this month. Senate Chairman Mohammadmian Soomro will perform the opening ceremony.
After Faisalabad and Sialkot, LSE plans to open such trading floors in other big cities like Gujranwala and Multan, which will not only help investors of these areas, but would also raise the capital base of the stock market.