![]() ![]() The Karachi Stock Exchange is now called the Pakistan Stock Exchange (PSX) after merging with two other Pakistan exchanges, but the major index tracking Pakistani stocks is still called the KSE 100. The PSX maintains an online list of banks that can help with this task. PSX member brokers, designated banks and some international brokers can set up SCRAs for foreign investors. Other foreign investors can open a Special Convertible Rupee Account (SCRA.) The SCRA lets foreign investors transfer funds for securities purchases to and from the account. Having a Roshan account allows a non-resident Pakistani to transfer funds and pay bills as well as, when paired with an account in a PSX member brokerage, invest in securities traded on the PSX. The process is all-digital and can be conducted entirely online. Pakistani citizens who are living overseas can trade on the PSX by opening a Roshan digital account with one of the banks that are designated for this purpose. The shariah compliance of companies listed in the PSX KMI indices is certified by shariah scholars. Shariah law prohibits investments in tobacco, alcohol, gambling and other industries deemed to be based on vices. The PSX-KMI All Shares Index and KMI 30 Index track shariah-compliant companies. In addition to the KSE 100 Index, the KSE All Share Index and the KSE 30 Index, the PSX has indices for investors who want to put their money only into companies that comply with shariah law. Nestle Pakistan Limited (NESTLE), food and personal care products.Pakistan Tobacco Company Limited (PAKT), tobacco. ![]() Lucky Cement Limited (LUCK), cement and building materials. ![]()
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