KSE board decides to help out stock members

KARACHI: Karachi Stock Exchange Board has decided to take immediate steps towards helping out the stock members, whose membership cards have been suspended.

According to KSE sources, the committee, formed to resolve issues relating to CFS market, have decided to buy stocks at rates 12 per cent lower than December 24 prices from the members whose membership cards have been suspended.The CFS financiers will buy these stocks worth Rs3.90 billion.

Comments

TARIQ AFTAB said…

It is a very good step taken by the KSE Board, to help out those members whose membershp cards have been suspended. But soonest the decision be implemented will be better to sustain the declining market as well build the confidence of the man on the street (Small Investors). TARIQ AFTAB

December 26, 2008 at 1:18 PM

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