Monthly Archives: December 2005

UAMC renamed as UBL Fund Managers Limited



The United Asset Management Company Limited (UAMC) has been renamed as UBL Fund Managers Limited (UBLFM). The UBLFM is a wholly-owned subsidiary of the United Bank Limited (UBL), which is Pakistan’s second largest private commercial bank. The UBL was the pioneer in initiating asset management services in the banking sector with the launch of UAMC in 2002 and has thus become a trend-setter. The UBL Fund Manage [...]
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Rules for CFS implementation notified



The Karachi Stock Exchange (KSE) has released rules and regulation pertaining to ‘continuous funding system’ (CFS) started from Monday on real time basis while the limit has been reduced by nearly Rs 500 million, following consent from the management of the Exchange. THE NOTIFICATION SAID: 1.ENTERING PREMIUM PERCENTAGES INSTEAD OF PREMIUM RATES: In order to limit the CFS premium rate up to 18 percent, t [...]
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Stocks futures decline



The stocks futures open interest at Karachi Stock Exchange fell during last week, and settled at Rs 15.3 billion on Friday, December 16, as selling in some scrips forced the investors to offload their positions. Futures contract investment fell by Rs 0.75 billion from previous Friday’s (December 9) open interest of Rs 16.04 billion. The decline in open interest was caused by intra-day corrections during the w [...]
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Stocks futures decline



The stocks futures open interest at Karachi Stock Exchange fell during last week, and settled at Rs 15.3 billion on Friday, December 16, as selling in some scrips forced the investors to offload their positions. Futures contract investment fell by Rs 0.75 billion from previous Friday’s (December 9) open interest of Rs 16.04 billion. The decline in open interest was caused by intra-day corrections during the w [...]
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Rules for CFS implementation notified



The Karachi Stock Exchange (KSE) has released rules and regulation pertaining to ‘continuous funding system’ (CFS) started from Monday on real time basis while the limit has been reduced by nearly Rs 500 million, following consent from the management of the Exchange. THE NOTIFICATION SAID: 1.ENTERING PREMIUM PERCENTAGES INSTEAD OF PREMIUM RATES: In order to limit the CFS premium rate up to 18 percent, t [...]
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Rules for CFS implementation notified


The Karachi Stock Exchange (KSE) has released rules and regulation pertaining to ‘continuous funding system’ (CFS) started from Monday on real time basis while the limit has been reduced by nearly Rs 500 million, following consent from the management of the Exchange. 1.ENTERING PREMIUM PERCENTAGES INSTEAD OF PREMIUM RATES: In order to limit the CFS premium rate up to 18 percent, the TWS operators would [...]
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Stocks futures decline


The stocks futures open interest at Karachi Stock Exchange fell during last week, and settled at Rs 15.3 billion on Friday, December 16, as selling in some scrips forced the investors to offload their positions. Futures contract investment fell by Rs 0.75 billion from previous Friday’s (December 9) open interest of Rs 16.04 billion. The decline in open interest was caused by intra-day corrections during the w [...]
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SECP terrifying brokers into submission



The directive from Securities & Exchange Commission of Pakistan (SECP) to the three stock exchanges to appoint a non-member director as the chairman of the stock exchanges came on Tuesday, as a bolt from the blue. Till late in the evening on Wednesday, it was not clear whether the directive was in place or was subsequently withdrawn on technical grounds. But the episode is a reminder of the crisis of mid-August [...]
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SECP terrifying brokers into submission


The directive from Securities & Exchange Commission of Pakistan (SECP) to the three stock exchanges to appoint a non-member director as the chairman of the stock exchanges came on Tuesday, as a bolt from the blue. Till late in the evening on Wednesday, it was not clear whether the directive was in place or was subsequently withdrawn on ‘technical grounds’. But the episode is a reminder of the crisis of mid [...]
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