PSX proposes certain amendments into rule book

News Image

By MG News | August 17, 2019 at 12:48 PM GMT+05:00

0:00

August 17, 2019 (MLN): The board of directors of Pakistan Stock Exchange (PSX) on Friday has proposed certain amendments to PSX Regulations and invited all concerns to provide comments on the proposed amendments.

According to the notification, considering the charges of PKR 50,000 which are insufficient to cover the costs incurred by PSX in reviewing the documentation and approving the draft  prospects of the company, PSX has proposed amendments to chapter 5 [ Listing of Companies and Security Regulations] of its Regulations to impose additional service fee, equivalent to initial listing fee or PKR 450,000 whichever is lower, on a company which withdraws its listing application filed with PSX or where PSX refuses its listing application.

The PSX board of directors has also proposed to charge flat annual listing fee of PKR 25,000 to all open-ended mutual funds irrespective of their fund size.

The board also proposed to provide regulatory coverage to the instructions of customer to their brokers for subscription of shares offered through IPO using the centralized e-IPO system (CES) of Central Depository Company of Pakistan Limited (CDC).

In view of prevailing market conditions, the board of directors of the PSX proposed amendments pertaining to Base Market Capital (BMC) requirement of brokers, as per which certain amendments are proposed to be carried out in Schedule-1 (BMC to be maintained by a broker) of Chapter 19 (Risk Management Regulations) of PSX Regulations.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 130,686.66
280.01M
0.26%
342.63
ALLSHR 81,305.25
897.01M
0.35%
281.26
KSE30 39,945.45
114.02M
0.09%
37.19
KMI30 190,698.05
148.61M
0.61%
1163.05
KMIALLSHR 55,074.15
495.43M
0.53%
290.50
BKTi 34,568.40
28.73M
-1.07%
-372.33
OGTi 28,739.35
22.59M
1.57%
443.29
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 110,175.00 110,525.00
110,175.00
-240.00
-0.22%
BRENT CRUDE 68.85 69.14
68.32
-0.26
-0.38%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
-0.75
-0.76%
ROTTERDAM COAL MONTHLY 108.45 109.80
108.45
-0.55
-0.50%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 67.14 67.18
67.00
0.14
0.21%
SUGAR #11 WORLD 16.37 16.40
15.44
0.79
5.07%

Chart of the Day


Latest News
July 03, 2025 at 10:04 PM GMT+05:00

SBP reserves rise around to $13bn


July 03, 2025 at 05:39 PM GMT+05:00

Gold price in Pakistan rises Rs800 per tola


July 03, 2025 at 05:17 PM GMT+05:00

Microsoft exits Pakistan after 25 years


July 03, 2025 at 04:43 PM GMT+05:00

Privatisation Commission approves advisors for ZTBL


July 03, 2025 at 04:11 PM GMT+05:00

PSX Closing Bell: Holding Ground



Top 5 things to watch in this week

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