SECP bars Foreign Investors to acquire more than 10% stake in Share Capital Exchange

MG News | December 22, 2017 at 02:22 PM GMT+05:00

0:00

SECP today approved amendments in Stock Exchange (Corporatization, Demutualization and Integration) Regulations, 2012.

Securities and Exchange Commission Pakistan (SECP) under the powers conferred to it has approved of changes in the Stock Exchange (Corporatization, Demutualization and Integration) Act, 2012.

SECP under the new amendments has directed the Exchange to change the Clause (i) shall be replaced with the following clause.

Henceforward, “foreign persons, other than foreign anchor investor, shall not collectively, whether directly or indirectly, acquire or hold more than 10% of the total issues share capital of the Exchange”. Provided that Commission may choose to decide if it deems it fit for interest capital markets increase the limit of shareholding for foreign persons, other than “foreign anchor investor to twenty percent of the total share capital of the Exchange.”

Related News

Name	Price/Vol	%Chg/NChg
KSE100	172,008.63 181.38M	0.69% 1178.41
ALLSHR	103,432.49 404.14M	0.50% 510.12
KSE30	52,577.70 96.89M	0.78% 408.21
KMI30	244,383.75 48.81M	0.59% 1423.44
KMIALLSHR	67,086.54 150.10M	0.46% 306.12
BKTi	47,935.24 58.61M	1.05% 499.64
OGTi	33,516.83 2.71M	0.43% 143.22

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	89,200.00	90,115.00 87,355.00	1450.00 1.65%
BRENT CRUDE	62.30	62.49 62.17	0.06 0.10%
RICHARDS BAY COAL MONTHLY	87.50	0.00 0.00	1.30 1.51%
ROTTERDAM COAL MONTHLY	94.50	0.00 0.00	-0.70 -0.74%
USD RBD PALM OLEIN	1,027.50	1,027.50 1,027.50	0.00 0.00%
CRUDE OIL - WTI	58.47	58.59 58.31	0.12 0.21%
SUGAR #11 WORLD	15.30	15.34 15.16	0.10 0.66%