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Tag Archives: The Karachi Stock Exchange Limited

The Karachi Stock Exchange Limited’s commencement of trading in the unpaid rights of Treet Corporation Limited

Karachi, October 23, 2013 (PPI-OT): The Karachi Stock Exchange Limited (KSE) has approved the schedule of issue of Right Shares of Treet Corporation Limited as notified vide our Notice No.KSE/N-5721 dated October 14, 2013. The trading in the Unpaid Rights of the Company will start on this Exchange w.e.f. October 28, 2013. The first settlement date will be October 30, 2013. The Unpaid Rights of the Company have already been declared as eligible security by the Central Depository Company of Pakistan Limited (CDC) and all the transactions shall be settled through the National Clearing Company of Pakistan Limited, which has already assigned the Company Code/ Security Symbol as “TREETR”. For more information, contact: Muhammad Ghufran DGM Companies Affairs The Karachi Stock Exchange Limited Tel: (92-21) 111-001122 Fax: (92-21) 3241 0825, (92-21) 3241 5136 Email: info@kse.com.pk Web: www.kse.com.pk

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The Karachi Stock Exchange Limited’s Eid Ul Azha holidays

Karachi, October 09, 2013 (PPI-OT): All TRE Certificate Holders and concerned are hereby informed that the Exchange will remain closed from 15th to 18th October, 2013 on account of Eid ul Azha holidays, as notified by the Government of Pakistan. The Ex…

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The Karachi Stock Exchange Limited’s suspension of trading in the shares of Mustehkam Cement Limited

Karachi, October 08, 2013 (PPI-OT): Further to our Notices No.KSE/N-5548 and No.KSE/N-5552 both dated October 8, 2013.
It is hereby informed to all concerned that trading n the shares of Mustehkam Cement Limited will be suspended with effect from the d…

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The Karachi Stock Exchange Limited’s deferment of clarification/ guidelines relating to net capital balance (NCB) Till Submission of Next NCB As of December 31. 2013

Karachi, October 02, 2013 (PPI-OT): Further to our Notice No. KSE/N-5049 dated September 23, 2013. On the request of the Exchange, SECP vide its letter No. 1(21)Misc./MSRD/SMD/2013/010 dated October 2, 2013, in order to address practical issues being faced by the Brokers in implementing the Clarifications/Guidelines issued in respect of Net Capital Balance (“NCB”) calculations on July 03, 2013, has deferred the applicability of the same till submission of next NCB as of December 31, 2013. SECP has advised the Exchange to obtain feedback of the market participants and submit a detailed set of recommendations along with valid rationales for addressing the genuine issues of the market participants through a consultative process by October 31, 2013. We have already placed such Clarifications/Guidelines relating to NCB as an agenda item in the meeting of the Regulatory Affairs Committee (“RAC”) scheduled to be held on October 04, 2013 at 3:00PM. Therefore, you are requested to give your feedback with valid rationale to the undersigned by Thursday, October 03, 2013 for discussing the same in the RAC meeting. In view of above, all TRF Certificate Holders are advised to submit their NCB Certificates calculated based on Third Schedule of the Securities and Exchange Rules, 1971 as early as possible, but not later than, October 31, 2013. All the TRF Certificate Holders are requested to note the above for necessary compliance. For more information, contact: Shafqat Ali Chief Regulatory Officer The Karachi Stock Exchange Limited Tel: (92-21) 111-001122 Fax: (92-21) 3241 0825, (92-21) 3241 5136 Email: info@kse.com.pk Web: www.kse.com.pk

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The Karachi Stock Exchange Limited’s notice of revocation of CDS eligibility of certificates of First Capital Mutual Fund Limited (Close-End Fund)

Karachi, October 02, 2013 (PPI-OT): This is to notify that consequent to conversion of First Capital Mutual Fund Limited (“FCMFL”) from a closed-end fluid into an open-end scheme pursuant to the Trust Deed dated August 06, 2013, as approved by SECP vide letter no. SCD/AMCW/FCMF/665/2013 dated July 30, 2013, the CDS Eligibility of FMCFL as close-end fund has been revoked with effect from September 13, 2013. As a result of aforesaid conversion, units of First Capital Mutual Fund as open-end scheme have been credited into respective accounts and sub-accounts of unit holders in the ratio as specified in the said Trust Deed. For more information, contact: Fazal Hussain Gaffoor CFO and Company Secretary The Karachi Stock Exchange Limited Tel: (92-21) 111-001122 Fax: (92-21) 3241 0825, (92-21) 3241 5136 Email: info@kse.com.pk Web: www.kse.com.pk

The post The Karachi Stock Exchange Limited’s notice of revocation of CDS eligibility of certificates of First Capital Mutual Fund Limited (Close-End Fund) appeared first on AsiaNet-Pakistan.

The Karachi Stock Exchange Limited’s raising of demand by listed companies pursuant to section 224(2) of the companies ordinance, 1984, for recovery of gain made by directors/ officers/ more than ten percent beneficial owner of equity securities

Karachi, September 25, 2013 (PPI-OT): Pursuant to the provision of sub-section (2) of section 224 of Companies Ordinance, 1984 (“Ordinance”) a listed company is required to raise demand, within the stipulated time limit, for recovery of gain made in terms of sub-section (1) of section 224 of the Ordinance by any director, chief executive, chief accountant, secretary for audited of the listed company or any person who is directly or indirectly the beneficial owner of more than ten percent of its listed equity securities. 2. In some cases where cognizance has been taken by the Commission for not raising demand by the respective tilted company for recovery of the aforesaid gain, it has been placed that the company was not aware about the accrual of the said gain to its respective director, officer, beneficial owner etc. 1. In this regard, it is pointed out that every listed company is required under section 220 of the Ordinance to maintain a register of shareholding in respect of each director, specified officers and every other person holding not less than ten percent of the beneficial interest in the company on the basis of information reported by each director, officer etc, in pursuance of the requirements of section 221 of the Ordinance. 4. In view of the foregoing, the Securities and Exchange Commission of Pakistan is pleased to direct under section 506B of the Ordinance that every listed company shall ensure the maintenance of the register of shareholding mentioned in section 220 of the Ordinance in such a manner, which inter alia may enable the company to raise demand for recovery of the gain mentioned in sub-section (1) of section 224 of the Ordinance. For more information, contact: Imran Inayat Butt Director/ HoD (MSRD) The Karachi Stock Exchange Limited Tel: (92-21) 111-001122 Fax: (92-21) 3241 0825, (92-21) 3241 5136 Email: info@kse.com.pk Web: www.kse.com.pk

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The Karachi Stock Exchange Limited’s notice suspension of trading in the shares of Noor Silk Mills Limited

Karachi, September 18, 2013 (PPI-OT): In continuation of our Notice No.KSE/N-4053 dated July 18, 2013.
Pursuant to the directive received from Securities and Exchange Commission of Pakistan vide letter No.SMD/SE 2(209)2009 dated September 16, 2013, tra…

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The Karachi Stock Exchange Limited’s notice for shifting of branch office of M/s. Escorts Capital Limited

Karachi, September 11, 2013 (PPI-OT): All market participants are hereby informed that M/s. Escorts Capital Limited, Corporate TRE Certificate Holder-KSE has shifted its Branch Office from Room No, 69-C, Ground Floor, Trust Plaza, G.T. Road, Gujranwala, to Room No. 12, 1st Floor, Trust Plaza, Main Block, G.T. Road, Gujranwala. Mr. Irfan s/o Muhammad Aslam bearing CNIC No. 35201-8708381-7, a duly registered agent with SECP under Brokers and Agents Registration Rules, 2001″ will continue to look after the affairs in the capacity of Manager for the said branch office. Given hereunder is the latest photograph and specimen signature of the authorized person for information of all concerned. For more information, contact: Abbas Mirza General Manager/ CCO The Karachi Stock Exchange Limited Tel: (92-21) 111-001122 Fax: (92-21) 3241 0825, (92-21) 3241 5136 Email: info@kse.com.pk Web: www.kse.com.pk

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