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Karachi, June 11, 2012 (PPI-OT): The Karachi Stock Exchange (KSE) has allowed brokers’ to submit market treasury bills (T-bills) as margin as an alternate to cash for buying stocks and maintaining it at the required level in case of mark-to-market losses.
According to Alfalah Securities Limited, KSE has further notified that a haircut of 2.5% is applicable on the market value of t-bills since they are marked-to-market every day.