Stocks Observer. com

The Board of Directors of Karachi Stock Exchange, in its meeting held on May 31, 2011, focused extensively on resolving difficulties for investors on the one hand and strengthening the Exchange’s risk management aspects to provide confidence to market participants. Besides this, in order to enhance product attractiveness, several initiatives under development were discussed, including Option trading. The Board also emphasized on informational security and level playing field for all investors. In addition, following market related decisions were taken: 1. Approval was accorded to TOR of following Committees: i. Development & Trading Affairs Committee ii. Voluntary Delisting Committee 2. Approval of following regulatory amendments, subject to approval of SECP: i. Regulations Governing Risk Management to allow placing of circuit breakers on 1st Trading Day of unpaid Right Allotment Letter and newly listed securities on Ready Market. ii. Regulations for Short Selling to allow short s...