PSX launches property category

 On Wednesday, The Pakistan Stock Exchange (PSX) formally launched the ‘property’ sector for non-REIT real estate-related listed companies.

The property sector has increased the number of sectors on PSX to 36. “The addition takes PSX closer to a better and improved reflection of the economy in the composition of listed companies,” the Bourse said in a statement. “This is an attempt to distinctly represent the important elements of real estate and construction in PSX.”