The Karachi Stock Exchange (Guarantee) Limited’s switching-off of trading terminals or M/s. United Capital Securities (Private) Limited
Karachi: Members of the Exchange are hereby informed that the Exchange has decided to suspend access to trading terminals of M/s. United Capital (Pvt.) Ltd., Corporate Member-KSE, with immediate effect for five days, inter-alia, due to their inability to settle outstanding admitted investors’ claims, financial distress, and non-availability of Nominee Director of the Brokerage House, under Clause 2(B) of General Regulations of the Exchange.
Kindly note that this is an Interim / emergent action of switching off of trading terminals, in the best interest of market, subject to ratification by the Board, which may be followed by suspension and/or expulsion of membership by the Board.
For more information, contact:
Karachi Stock Exchange
Tel: (92-21) 111-001122
Fax: (92-21) 3241 0825, (92-21) 3241 5136
Category: Stock Exchange Announcements