SECP

SECP allows foreign investors higher shareholding in PSX

KARACHI: The Securities and Exchange Commission of Pakistan (SECP), the apex regulator, has given the go-ahead for increasing the shareholding of foreign portfolio investors in the Pakistan Stock Exchange (PSX).Foreign individual and institutional investors may now buy, hold or trade PSX stocks up to maximum 20% of outstanding shares estimated at around 800 million.The maximum number […]

SECP holds anti-money laundering awareness sessions

SECP holds anti-money laundering awareness sessions

ISLAMABAD (Web Desk) – The Securities and Exchange Commission of Pakistan (SECP) held anti-money laundering and counter financing for terrorism awareness sessions in Lahore, Karachi, Islamabad in collaboration with USAID.More than 500 professionals from the securities and commodities market, insurance sector, non-banking financial institutions and the Securities and Exchange Commission of Pakistan attended these sessions.These […]

SECP initiates legal proceedings against 2 companies under Companies Act, 2017

SECP initiates legal proceedings against 2 companies under Companies Act, 2017

(Web Desk) – The Securities and Exchange Commission of Pakistan has initiated legal proceedings against M/s Gold Transmit Network Technology (Pvt) Limited, and M/s Green Apple Super Market (Pvt) Limited in Companies Act, 2017.The companies have been found involved in unauthorized activities and offering Ponzi business/schemes in Pakistan to deprive the unsuspecting public of their […]

STOCK, MARKET, TO, BE, CLEAN, OF, BLACK, MONEY, SAYS, A, RESOLUTE, SECP, CHIEF

STOCK, MARKET, TO, BE, CLEAN, OF, BLACK, MONEY, SAYS, A, RESOLUTE, SECP, CHIEF

Stock market to be clean of black money, says a resolute SECP chief PHOTO:FILE ISLAMABAD: The apex regulator is set to tackle one of the biggest issues facing the country’s financial system – the inflow of black money – ahead of Pakistan’s anti-money laundering (AML) review next year. In a briefing to the senate standing committee, […]

PSX-100 surges by 698 points on news of new SECP products

PSX-100 surges by 698 points on news of new SECP products

KARACHI: Waning political concerns, and the reported introduction of newer financial products (particularly leverage-featured) by the Securities and Exchange Commission of Pakistan, kept investor confidence intact, pushing the index higher on Wednesday. The Pakistan Stock Exchange went up 1.43%, an increase of 698 points, to close at 49,455.86 points. The overall turnover remained at 356 […]

Rollercoaster ride continues at PSX, SECP cleaning likely to smoothen the ride

Rollercoaster ride continues at PSX, SECP cleaning likely to smoothen the ride

KARACHI: After shedding nearly 1,000 points on Monday the Pakistan Stock Exchange (PSX) benchmark index continued the slide on Tuesday; it opened in red and fell like the London Bridge. For the first half hour of trading, the benchmark 100-index was down more than 600 points trading well below 48,500 points, and when the speculators […]