Stocks Observer. com

The SECP and stock market’s guns are silent for now since chairman of the apex regulatory body left Saturday’s (Dec 06) meeting inconclusive with his last words on record that he would himself issue directives on floor in a day or two. “No communication has been built so far from both sides of the fence i.e. (1) Securities & Exchange Commission of Pakistan (SEC), and (2) the officials of local bourses, and none of them tried to approach each others on the issue of floor,” officials of two sides verified. SECP officials, however, endorsed that directives to end the floor-price rule on Dec 15 would be sent to the three local bourses last by Friday, Dec 12. “The SECP does not work on government holidays and the issuance of directive would not be delayed beyond Dec 12,” they reiterated.The staff of the Commission would resume office on coming Thursday, Dec 11, after celebrating Eid, it was learnt.“Local bourses i.e. Karachi, Lahore and Islamabad do not have powers more than the apex re...