Daily Times

KARACHI: Capital Stake, a fin-tech startup,recently signed a joint venture with the most credible financial institution, Pakistan Stock Exchange, bringing a whole new twist in the financial landscape of Pakistan.

The joint venture was recently signed between PSX Managing Director Nadeem Naqvi and Capital Analytics CEO Bilal Tariq in Karachi last month.

Currently Pakistan is enjoying a lot of limelight because of the constant improvement in economic conditions and according to Bloomberg a 46% growth in stock market makes Pakistan not only one of the best stock market in Asia but also in the world.

China has also played a vital role in this regard. Besides introducing $46 billion CPEC, a consortium led by three Chinese exchange have acquired 40% stake in Pakistan Stock Exchange,a deal worth around $85 million.

Capital Stake is a fin-tech startup that focuses on Pakistan’s first end-to-end financial analytics platform covering all companies listed on PSX and providing industry-specific fundamental and technical indicators to help intelligent decision making. “We focus on empowering investors and general public to take timely and accurate decisions by giving them all the data, analytics, news and insight on a single platform. The company envisions becoming the ‘Bloomberg’ for emerging economies,”said Capital Analytics CEO Bilal Tariq while talking to this scribe.

As for Pakistan Stock Exchange this will give a boost to Pakistan’s economic climate and also gives a lot of credibility to the startup ecosystem, he added.

The joint venture would revamp the existing trading terminals commonly known as Karachi inter-trading system (KITS) and bring it at par with global standards. It would provide Capital Stake access to all brokers across the country. This joint venture would act as a portal for stock market listed data and would ensure access to financial data to the world at large.