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Floor removal on Dec.15th

December 14, 2008

The board of directors of the Karachi Stock Exchange (KSE) has decided that the stock market will start its normal trading on Monday without ‘floor’ strictly in accordance with the directive of the Securities and Exchange Commission of Pakistan (SECP). This decision was taken at an emergent meeting of KSE board of directors here on Saturday evening.

The board decided that the "floor rule" will be removed from Monday (December 15) and the market will start its normal trading with five percent upper and lower locks…. Source : Aaj News

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