Minimum 50 million free-float allowed for futures market

The Board of Directors of Karachi Stock Exchange (KSE), in a meeting with Commissioner Securities Market, Shahid Ghaffar, has elaborated several rules related to futures market including that from May 2005, no scrip shall qualify for futures market unless its free-float is 50 million or more. Moreover, member’s exposure in Futures Contract in a scrip shall not exceed 1 percent of the free-float, as determined by the Exchange, under its free-float methodology.