PSX proposes amendments to its regulations

News Image

By MG News | January 31, 2023 at 04:31 PM GMT+05:00

0:00

January 31, 2023 (MLN): Pakistan Stock Exchange (PSX) on Monday proposed amendments to its regulations and invited public comments in relation to the proposed amendments, a notice issued by the bourse showed.

In a notice, PSX said that in the exercise of the power conferred upon it u/s7 of the Securities Act, 2015, it is proposing to make amendments to its Regulations In relation to the matters pertaining to revamping defaulters' segment and reverse merger regulation. 

"With an aim to protect the rights and interests of minority shareholders, facilitate the revival of the companies quoted in the Defaulters' Segment and provide an exit opportunity to shareholders of the companies, PSX is proposing to amend its Regulations relating to the placement of companies in the Defaulters' Segment, suspension of trading and delisting," the notice read. 

Accordingly, the existing Defaulters' Segment is proposed to be restructured in the following two segments for better transparency and classification of non-compliant listed companies:

(1) Non-Compliant Companies' Segment, and (1) Winding-up Segment.

Meanwhile, the removal of certain events leading to the placement of companies in the Defaulters' Segment has also been proposed. 

Pertaining to reverse merger regulation, the notification added, "PSX believes that Reverse Mergers can play an important role in the revival of the companies particularly those placed in the Defaulters Segment."

As part of its efforts to promote the revival of unhealthy companies and put in place a conducive regulatory environment, PSX has revisited its existing reverse merger regulations and proposes to bring key amendments. 

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 131,949.07
198.95M
0.97%
1262.41
ALLSHR 82,069.26
730.83M
0.94%
764.01
KSE30 40,387.76
80.88M
1.11%
442.31
KMI30 191,376.82
77.76M
0.36%
678.77
KMIALLSHR 55,193.97
350.11M
0.22%
119.82
BKTi 35,828.25
28.42M
3.64%
1259.85
OGTi 28,446.34
6.84M
-1.02%
-293.01
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 108,125.00 110,525.00
107,865.00
-2290.00
-2.07%
BRENT CRUDE 68.51 68.89
67.75
-0.29
-0.42%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
0.75
0.78%
ROTTERDAM COAL MONTHLY 106.00 106.00
105.85
-2.20
-2.03%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 66.50 67.18
66.04
-0.50
-0.75%
SUGAR #11 WORLD 16.37 16.40
15.44
0.79
5.07%

Chart of the Day


Latest News
July 05, 2025 at 11:58 PM GMT+05:00

Weekly Market Roundup


July 05, 2025 at 02:57 PM GMT+05:00

National Savings Schemes see over Rs27bn inflow in May


July 04, 2025 at 10:16 PM GMT+05:00

CAT upholds CCP’s ruling against PREMA Milk


July 04, 2025 at 10:07 PM GMT+05:00

Gold price in Pakistan falls Rs1,500 per tola


July 04, 2025 at 08:01 PM GMT+05:00

TRG in Supreme Court



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg