Karachi Stock Exchange members have constituted a committee comprising the members of KSE Board of Directors and some senior brokers at a meeting held here on Wednesday to take up anomalies and pending issues with SECP. The committee would look into anomalies in the scheduled implementation of revised Client Level Netting (CLN) on March 05 and ...
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 ...
Salman A. Shaikh, Commissioner, Securities and Exchange Commission of Pakistan, said on Monday, “the basic modaraba model should be re-evaluated and newer model with enhanced shareholders’ rights, eviction of bad management, a clear separation of ownership and control should be considered.” Addressing top management of modarabas at the launch of 9th-year book of Modaraba Association of ...
The issue of the removal of MA Lodhi, Managing Director of Karachi Stock Exchange (KSE) that ended up with his hard victory, has once again raised the question of transparency at the local bourse and sparked the tension between the SECP nominated non-members directors and KSE elected member directors on board. The allegations that the Securities ...
KSE Board meeting held on Thursday ended in chaos, source told The News. Board of Directors (SECP nominated and KSE elected) failed to reach any consensus regarding the removal of incumbent KSE-MD, M A Lodhi, which was the only agenda of the meeting. Meeting lasted for six hours commencing at 2:30 pm and culminating at around ...
There must be thousands of women with beautiful faces that have thought of going to Lahore and become an actress some end up as extras some in the notorious bazaar. The same is the case in Karachi, any person with a few thousand rupees to spare thinks of going to the stock market and become ...
The Securities and Exchange Commission of Pakistan (SECP) and the management of Karachi Stock Exchange have been trying to get in touch with KSE Managing Director M.A. Lodhi for the last six days. According to informed sources Lodhi has become untraceable after learning of a decision by the KSE Board of Directors to remove him from ...
The Securities and Exchange Commission of Pakistan (SECP), in exercise of its powers Under Section 170 (1) of the Companies Ordinance, 1984, on Thursday, convened the overdue Annual General Meeting of the Haseeb Waqas Sugar Mills Ltd for the years 2004 and 2005. The meetings were chaired by Rashid I Malik, Commissioner, SECP. The company was ...
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 ...