The Karachi Stock Exchange (Guarantee) Limited’s switching-off of trading terminals or M/s. United Capital Securities (Private) Limited : AsiaNet-Pakistan

The Karachi Stock Exchange (Guarantee) Limited’s switching-off of trading terminals or M/s. United Capital Securities (Private) Limited

[ 0 ] January 31, 2012 | Stock Exchange Announcements | Share:

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
Email: info@kse.com.pk
Web: www.kse.com.pk

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Category: Stock Exchange Announcements

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