Human error adds 84 points to fall

Posted: November 21st, 2006 | Author: | Filed under: News | Tags: , , , | No Comments »

Human error caused a technical fault in trading software (KATS) at KSE following Arif Habib Securities bonus announcement. The fault contributed 84.11 points to the total decline of 275.21 points in 100-Index on Monday, The news learnt.

KSE press statement added that Arif Habib Securities Limited (AHSL), a component of KSE-100 Index had announced a 122.22 per cent bonus at the time of sending their financial results for the quarter ended September 30, 2006. The book closure for determination of the entitlement of this bonus issue was notified from November 20 to November 26, 2006.




Financiers, brokers enjoying win-win position

Posted: November 9th, 2006 | Author: | Filed under: News | Tags: , , , , , , , | No Comments »

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 financiers and brokers would become more secure than ever thanks to the SECP’s recently introduced revised Risk Management System (RMS) that was otherwise generally believed to protect the interests of investors, leading analysts observed.




KSE asked to disseminate top 15 brokers information for futures contract

Posted: July 26th, 2005 | Author: | Filed under: News | Tags: , , | No Comments »

The Securities and Exchange Commission of Pakistan (SECP) has directed the Karachi Stock Exchange (KSE) to disseminate information of top 15 brokers for each futures contract on daily basis. According to a notification of the stock market regulator, “In order to ensure market transparency, effective risk management and to minimise market manipulation at the stock exchange, the Karachi Stock Exchange has been directed to disseminate broker-wise open interest of the top fifteen brokers.”

The position of these brokers would be posted on the KSE website, without mentioning whether the broker is net buyer or seller to maintain secrecy.