Property Sector Finally Launched on PSX

Pakistan Stock Exchange has launched the 'Property' sector to index listed companies. The property sector will consist of non-REIT real estate-related listed companies. The addition of this sector brings the number of sectors on the PSX to 36

This addition brings the PSX closer to a better reflection of listed companies in representing relevant economic activity. This is an attempt to clearly represent the main elements of construction and real estate in PSX. Initially, three companies have been placed in this sector, these companies were earlier related to different sectors. Among them are TPL Properties, Javed Corporation Limited, and Pace (Pak) Limited.

PSX has been impressively working in the real estate sector in different ways. PSX management plans to list more than a dozen real estate investment trusts (REITs) to enable REITs to raise financing for their projects and offer shares to the general public. Can offer to hold.

REITs are real estate projects generating additional income for shareholders. Individuals can finance development REITs (construction projects) and acquire shares in rental projects to obtain a return on financing or investment. The Central Depository Company (CDC) is still the trustee of all REITs in Pakistan.