Lahore, 5th May: Pakistan Stock Exchange (PSX) market is dominated by 31 influential families. Baaghi TV: A study by the Pakistan Institute of Development Economics (PIDE) has revealed that only 31 families dominate the Pakistan Stock Exchange. It has also come into notice that the boards of directors of KSE-100 index companies are mostly the people close to these families, some of whom are their employees. According to the Express Tribune, in 2018, when data was collected, 31 households dominated the KSE 100. PIDE Vice-Chancellor, Dr. Nadeem-ul-Haq and Amin Hussain’s study have shown these results. This thesis sheds light on corporate groups in the study market and their ownership in the stock market and secondly how the company board examines the influence of the owner and his family on the company structure and professional management. This article points out that the families have a lot of influence in the business, which is why there are so many irregularities in the haphazard privatization. It seems that when Mehboob-ul-Haq spoke of dominating Pakistan over 22 families in 1967, almost 50 years later, the stock market is now dominated by 31 families. The boards include such individuals – corporate, business founders and families, … Continue reading PSX is dominated by 31 influential families, report says