Monthly Statements mandatory for Brokers

Securities and Exchange Commission of Pakistan (SECP) will make it mandatory for securities brokers to file monthly statements of net capital balance and liquid capital with the securities exchange and clearing house. According to the SRO 1162 (I)/2019 issued here on Monday, the FBR has issued draft amendments to the Securities Brokers (Licensing and Operations) Regulations, 2016. Under the new regulations, a securities broker shall … Continue reading Monthly Statements mandatory for Brokers

SECP receives recommendation from Capital Markets Committee

 A committee, formed to find ways to break the capital market bottlenecks, has submitted its recommendations with Securities and Exchange Commission of Pakistan (SECP), which will assess them for further action, a statement said on Thursday. Capital Markets Committee was constituted earlier this month by the SECP. It comprised representatives of the stockbrokers, mutual fund association, professionals with banking experience and CEOs of Pakistan Stock … Continue reading SECP receives recommendation from Capital Markets Committee

PSX trending Positive

For the third consecutive week, the stock market maintained the positive momentum. The benchmark KSE-100 index was up 2 per cent week-on-week and closed with gain of 630 points at 32,111. It took the three-week cumulative return to 8pc. On the economic front, the week kicked off on a positive note with Monetary Policy Committee (MPC) announcement of status quo on key interest rate at … Continue reading PSX trending Positive

Brokers can now Sell Shares – PSX

The government has completely pulled out restriction on brokers to sell their stake in the Pakistan Stock Exchange (PSX), a move that is likely to give a shot in their arm with liquidity and diversify shareholders. The Securities and Commission of Pakistan (SECP) withdrew ban on sale of 15 percent PSX shares held by brokers following completion of one year of the stock market’s public … Continue reading Brokers can now Sell Shares – PSX

AGP – Pharma

AGP Limited was incorporated as a public limited company in May 2014 under the repealed Companies Ordinance. The principal activities of the Company include import, marketing, export, dealership, distribution, wholesale and manufacturing of pharmaceutical products. The Company is subsidiary of OBS Pakistan and the Ultimate Parent Company is West End 16 Pte Limited – Singapore. AGP held its analyst briefing to discuss its recently announced … Continue reading AGP – Pharma

Sakrand Sugar Mills Limited (PSX:SKRS)

The Board of Directors of Sakrand Sugar Mills Limited (PSX:SKRS) in their meeting held on August 5, 2019, has approved setting up branch offices of the Company in gulf countries namely Qatar and UAE. The main purpose of the setup is to initiate Export of Organic Compost Fertilizer “Go Green” to Gulf countries. Focusing on organic farming in gulf countries, there exists a business opportunity … Continue reading Sakrand Sugar Mills Limited (PSX:SKRS)