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 ...
Zafar Moti Chief Executive Officer of Zafar Moti Capital Securities in an interview with The News said that foreign institutions have refused to provide Universal Identification Numbers (UINs) of their clients which is a huge discrimination between Pakistani clients and foreign clients. This attitude should be changed and same treatment should be given to all, Zafar ...
Banks want to impose 30 percent margin on listed companies share financing. Besides this banks want their exposure in share markets to be protected by imposing eight new safeguards. Sources of banking industry said on Monday that keeping best international practices in view the banks have drafted five major changes in prudential regulations meant for share ...
The outgoing week (February 06-09) is the seventh in sequence of closing the Karachi bourse on positive note. However, the process of much awaited technical correction was initiated on weekend. KSE 100-Index moved ahead by another 255.01 points on week-on-week basis and closed above nine-month high record at 11,844.65 points despite of the bearish resistance it ...
Needless to say, a stock market is a very interesting playground; things change quite quickly and decisively. A few days ago we saw a bearish trend in the market and now the trend has changed to bullish. These were the levels and prices where everyone was selling and leaving the market; now, everyone's back on ...
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 ...
KSE Managemenet has issued a notice for implementation of Risk Management system (RMS). It lists the changes identified in RMS as approved by the KSE Board of Directors and SECP.
The stock market went down last week, but not due to changes in the margins regime that seems to have taken the back seat. This article is about the new risk management measures, which are likely to haunt the market after some time if not in the immediate future. Members of stock exchanges, especially those who ...
