LSE meaning in Stock Exchange ?

Answer:

What is Lahore Stock Exchange mean?

The Lahore Stock Exchange was a financial facility located in Pakistan. It was incorporated as a company Limited by Guarantee under the Companies Act 1913 on 5 October 1970. In the first General meeting of the Board of Directors held on the same day, it was decided that the Exchange will commence its working by December 1970. It was the third Exchange in the country after Karachi and Dacca. The 1st Registered office of Lahore Stock Exchange (G) Limited was located at 17-Bank Square, Lahore.

The purpose of establishing the Exchange was that the Province of Punjab with predominant middle class should have new avenues for investment and lay special emphasis on small and medium industries. The largest number of medium industries and business houses were located in Punjab; therefore many entrepreneurs with small industries in Punjab wished to build their industries broad based by converting them into public limited companies. Large agricultural wealth was also available to the people of the Punjab who constituted 62% of West Pakistan’s population and that wealth had to be geared for investment.The institution was established to facilitate the investors of Punjab and Northern areas by providing them an access to the Capital Market and enable them to take part in the progress of the Corporate Sector of the country. Ever since, the institution has served the cause of investing in small and large numbers, also providing the services and market place not only in Lahore but also beyond the city’s boundaries.

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