In a significant governance update, the Board of Directors of the Pakistan Stock Exchange (PSX) has elected Mr. Ruhail Mohammad as its new Chairman. The appointment was confirmed during a board meeting held to address key leadership positions and ensure the continuity of strategic oversight for the country’s premier capital market.
Concurrently, the Board formally accepted the resignation of the company’s Corporate Secretary. The process to identify and appoint a qualified successor for the Corporate Secretary role will commence immediately, ensuring that the exchange’s regulatory and governance secretarial functions continue uninterrupted and in full compliance with statutory requirements.
The election of Mr. Ruhail Mohammad, a respected figure with substantial experience in capital markets and corporate governance, is expected to provide steady leadership as the PSX navigates a dynamic economic environment and continues its initiatives to deepen the market, attract investment, and enhance digital infrastructure. The smooth transition in board leadership underscores the institution’s commitment to robust governance and strategic stability.
“The Board welcomes Mr. Ruhail Mohammad as Chairman and expresses its confidence in his leadership to guide the exchange’s strategic direction,” stated a PSX spokesperson. “We also thank the outgoing Corporate Secretary for their service. The PSX remains focused on its core mission of providing a fair, efficient, and transparent marketplace for investors, and these governance steps reinforce that commitment.”
The new Chairman will assume his duties with immediate effect, while the search for a new Corporate Secretary will be conducted as per the exchange’s governance policies.
