PSX issues bulletin: Investors entitled to profit on unutilized funds with brokers

MG News | June 07, 2024 at 05:08 PM GMT+05:00

0:00

June 07, 2024 (MLN): The Pakistan Stock Exchange Limited (PSX) is issuing this Investor Bulletin to enlighten the investors about their right to receive profit on their unutilized funds maintained with Securities Brokers for the purpose of trading or subscription of securities if such funds are kept in a profit-bearing bank account.

Securities brokers are required to maintain a clear segregation of their client's assets from their own, the local bourse highlighted in a notice issued today.

To ensure this, the securities brokers are required to maintain separate bank account(s) for keeping the funds of customers.

Securities brokers are required to pass on profit, credited by the bank on these funds, to the respective customers in proportion to their unutilized balances.

Any customer who does not wish to receive the profit must specify the same in writing to the securities broker.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	172,196.70 597.87M	-1.00% -1742.31
ALLSHR	102,788.51 1,289.61M	-0.98% -1012.43
KSE30	52,320.08 336.69M	-0.93% -489.89
KMI30	247,747.39 257.09M	-1.20% -3008.28
KMIALLSHR	66,763.10 586.54M	-1.14% -772.29
BKTi	48,454.24 164.11M	-0.12% -59.58
OGTi	36,330.85 30.40M	0.12% 45.27

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	76,150.00	76,265.00 76,040.00	-230.00 -0.30%
BRENT CRUDE	93.80	97.50 92.75	3.42 3.78%
RICHARDS BAY COAL MONTHLY	103.25	0.00 0.00	0.00 0.00%
ROTTERDAM COAL MONTHLY	101.40	101.40 101.40	-0.50 -0.49%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	86.43	86.52 85.50	-0.99 -1.13%
SUGAR #11 WORLD	13.63	13.73 13.42	0.15 1.11%