CDC organizes Pakistan Investor Days in Dubai
Central Depository Company of Pakistan Limited in collaboration with Auerbach Grayson & Company (AGCO) organized Pakistan Investor Days, an investment road show in Dubai on March 2 & 3, 2016 at the Dubai International Financial Centre (DIFC).
Fourteen Pakistani Issuer companies and eighteen foreign fund managers attended the conference. 137 one on one meetings were held between the representatives of these Issuer companies, mostly senior management level, and foreign fund managers from US, UK, South Africa, Hong Kong, and UAE.
This was one of the many events organized periodically by Auerbach Grayson worldwide. AGCO is a New York-based brokerage firm serving the international needs of major institutional investors. Through its worldwide network of broker partners, AGCO offers research, execution and clearance in equities, derivatives and fixed-income instruments.
This conference was organized at a crucial time when MSCI is reviewing to elevate Pakistan’s current status from Frontier Market to Emerging Market. From time to time, such endeavors by CDC help boost the foreign investors’ confidence which translates into a very positive feedback to be considered by MSCI in the favor of this elevation.
This is the third such endeavor by CDC in the past ten years to help attract foreign investment in Pakistani listed companies. Adding another first to our legacy of initiatives, this is the first time when apart from blue chip companies, second tier corporates were also invited to showcase themselves to foreign fund managers. This step ensured that a broader perspective of Pakistan Capital Market is available to foreign investors. This event proved to be an excellent opportunity for Pakistani Corporates to interact with leading foreign investors. The event was a huge success and the participants appreciated the efforts of both CDC and AGCO. Mr. Omer Farooq Pasha, Chief Economist at the State Bank of Pakistan who specially attended the event spoke on day one of the conference