The Karachi Stock Exchange (KSE) has urged its members to submit trading data of their brokerage houses for the period January to July 2006, by March 9, said a notification issued here on Tuesday. The KSE made the announcement on the directives of the SECP. The KSE also asked its members to provide details of their ...
After the index breaking the 9,900 level last month, started to rise gradually. When such a crash comes there is a level where short sellers start profit taking, so there is a slight change in the trend. Secondly the prices came on the lower level that they attracted the individuals to buy shares. As ...
In the past two years we have seen some tremendous highs and lows in the stock market. Yet again we witness a major decline in the index. It all started in mid-December 2006, the causes being: • Oil and Gas Development Corporation (OGDC) listing and undervalued sale of Global Deposit Receipts (GDRs); • Selling in the banking sector due ...
State Bank of Pakistan on Wednesday suggested to policy makers that badla financing in share markets be completely “removed with better risk management tools”. It further said, “few (stock) brokers can still manoeuvre the market.” Releasing its annual review of performance of financial markets-2006, the central bank said the March 2005 crisis hints towards market manipulation. Though number ...
At the request of the Securities and Exchange Commission of Pakistan (“SECP”), Diligence USA, LLC (“Diligence”) conducted a forensic examination of certain alleged manipulative and/or illicit activities related to the stock market events of March 2005, as transacted on the Karachi Stock Exchange (“KSE”). The primary allegations examined related to the withdrawal of regulated COT (“Carry ...
Closing bell restored indices in red at the Karachi stock market following a KSE notification requesting its members to furnish information regarding in-house badla and ensure placing of shares in CDC blocked account with immediate effect on Friday. The said notification attracted fresh waves of negative sentiments to the stock exchange that resulted in plummeting KSE ...
One of the simplest characteristics of the bourses all across the globe is that some investors make smart profits while others lose money in the speculative equity markets. But, there are some permanent profit-makers i.e. brokers and financiers who are always in a win-win position whether the markets are rising or falling. The position of the ...
Securities and Exchange Commission of Pakistan (SECP) on Wednesday decided to lift ban on short selling in futures contract from November 2006 with a condition of making necessary changes in the KAT - the trading software at Karachi Stock Exchange (KSE). At the same time, SECP has turned down the KSE proposal to allow short selling ...
