SECP withdraws broker license cancellation of First National Equities

News Image

By MG News | January 03, 2025 at 12:45 PM GMT+05:00

0:00

January 03, 2025 (MLN): In a significant development, the Securities and Exchange Commission of Pakistan (SECP) has withdrawn its earlier decision to cancel the broker licenses of four TRE Certificate Holders, including First National Equities Limited (PSX: FNEL).

Early, on January 1, 2025, the SECP had cancelled the securities broker licenses of First National Equities Limited, First Choice Securities Limited, Surmawala Securities (Private) Limited, and Falki Capital (Private) Limited.

The cancellation decision was based on regulatory breaches and the firm's failure to apply for the renewal of their broker licenses.

 For some firms, the inability to voluntarily surrender their TRE Certificates further contributed to the regulatory action.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 133,226.03
102.55M
-0.11%
-144.12
ALLSHR 82,999.08
376.68M
-0.10%
-82.07
KSE30 40,624.02
33.84M
-0.20%
-81.28
KMI30 192,181.21
43.08M
-0.21%
-399.47
KMIALLSHR 55,790.00
214.22M
-0.08%
-45.72
BKTi 36,253.86
5.54M
-0.17%
-63.31
OGTi 28,449.84
2.99M
-0.33%
-93.12
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 108,580.00 108,880.00
107,680.00
125.00
0.12%
BRENT CRUDE 69.44 69.50
69.03
-0.14
-0.20%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
2.90
3.07%
ROTTERDAM COAL MONTHLY 106.00 106.75
106.00
0.25
0.24%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 67.77 67.97
67.40
-0.16
-0.24%
SUGAR #11 WORLD 16.25 16.46
16.07
-0.13
-0.79%

Chart of the Day


Latest News
July 08, 2025 at 10:42 AM GMT+05:00

Pakistan moves to regulate crypto with PVARA approval


July 08, 2025 at 09:41 AM GMT+05:00

DFML assembles over 300 EVs for delivery


July 08, 2025 at 09:31 AM GMT+05:00

NBP issues foreign exchange rates



Top 5 things to watch in this week

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