Hussain Dawood recognized by PSX

Hussain Dawood first business person to ring PSX Gong

KARACHI: Hussain Dawood, Chairman of the Dawood Hercules Group visited the Pakistan Stock Exchange (PSX) here on Wednesday to open the trading session in a gong ceremony.

To celebrate the occasion, Mr. Dawood was accompanied by members of his family and Chief Executives of eight public listed companies of the group, namely, Dawood Hercules Corporation, Engro Corporation, Engro Fertilizers, Engro Foods, Engro Powergen Qadirpur Limited, Engro Polymers, Dawood Lawrencepur Limited and Cyan Limited.

The ceremony was hosted by Sulaiman Mehdi, Chairman and Richard Morrin, Managing Director of PSX, along with their Board. Distinguished guests also included Moin M. Fudda, Chairman CDC, Humayun Bashir, Chairman NCCPL, Muneer Kamal, former Chairman PSX, Dr. Shamshad Akhtar, former care-taker Finance Minister and Adnan Afridi, MD NIT & Member SECP Policy Board.

From the business community, Kamran Nasir, CEO JS Global Capital Ltd. was present at the occasion.

At the event, Hussain Dawood said, “the success of nations only occurs when all of us act as one team. That is only possible if we bring as many shoulders to the wheel as we can. We should endeavour to make the Stock Exchange as an important part of bringing the nation together, in seeing progress by having more number of people come and participate and help in the growth of the economy to the benefit of all. The stock exchange is not for making money, it is for creating money.”

Sulaiman Mehdi, Chairman Pakistan Stock Exchange said, “we at the PSX have embarked on an initiative to recognize the efforts and contributions of leading business figures of the country who have played an important role in developing the capital market, business activities, and economy of the country. Mr. Hussain Dawood is the first invitee to have been bestowed this honour by PSX.”