KSE Board mulls giving relief to CFS financing investors

Karachi Stock Exchange (KSE) Board has started mulling over the different proposals for giving relief to the investors presently trapped in CFS financing.KSE Board of Directors’ emergent meeting was held Sunday night, which decided that some middle road would be found out in consultations with the stakeholders for giving relief to the CFS investors.

The meeting also considered activating member protection fund and payment of losses to the members from this fund. It was also decided in the meeting that the KSE Board today would again review the resolution of the issue of the existing shares valued Rs11 billion in CFS market in the light of the court decision.Another KSE Director told Geo News that the stakeholders’ consultations have been completed to a great extent. However, the Board didn’t take any final decision due to legalities involved.

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