PSX restricts trading facility of SSPL with immediate effect

MG News | March 21, 2022 at 05:50 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

March 21, 2022 (MLN): Pakistan Stock Exchange (PSX) has restricted the trading facility of Strongman Securities (Pvt) Limited (SSPL), as the amount of company’s Liquid Capital Statement (LC) falls below the minimum specified threshold, a notice issued by bouse said today.

As per the notice, the auditor of the SSPL has expressed an opinion in its reviewed Liquid Capital Statement (LC) as of December 31, 2021, which renders the amount of LC of SSPL to fall below the minimum specified threshold.

Consequently, in compliance with clause 6(6) Securities Brokers (Licensing and Operations) Regulations, 2016, PSX has restricted the trading facility of SSPL with immediate effect until further notice.

The said TRE Certificate holders shall only be allowed to close out its open positions in a controlled environment upon written request.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	175,802.79 267.06M	-1.30% -2320.78
ALLSHR	106,568.29 617.78M	-1.25% -1352.24
KSE30	52,497.68 83.82M	-1.25% -665.92
KMI30	247,323.37 106.69M	-1.37% -3422.76
KMIALLSHR	68,315.26 363.70M	-1.37% -952.13
BKTi	49,936.11 23.35M	-1.18% -594.28
OGTi	34,758.02 9.23M	-1.71% -605.59

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	64,080.00	64,255.00 63,980.00	-190.00 -0.30%
BRENT CRUDE	88.26	88.38 83.71	4.03 4.78%
RICHARDS BAY COAL MONTHLY	105.75	0.00 0.00	-0.65 -0.61%
ROTTERDAM COAL MONTHLY	119.80	120.30 119.80	0.00 0.00%
USD RBD PALM OLEIN	1,135.00	1,135.00 1,135.00	0.00 0.00%
CRUDE OIL - WTI	81.77	82.07 77.93	3.49 4.46%
SUGAR #11 WORLD	14.82	14.94 14.39	0.38 2.63%