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In the matter of Karachi Stock Exchange (Guarantee) Limited, Karachi.

CourtSecurities and Exchange Commission of Pakistan
Case No.No.1(2)/ED/2001
Date-
Judge(s)Shahid Ghaffar
ResultN/A

RESTRAIN ORDER ON BLANK SELLING/SHORT SELLING In order to protect the public interest and to ensure fair and transparent market, the Commission in exercise of power conferred upon it under sub-section (4)(b) of section 20 of the Securities and Exchange Act, 1997 read with sub-section (1) of section 20 of the Securities and Exchange Ordinance, 1969 hereby directs as under: "Henceforth no short selling/blank selling of any kind is permissible. The exchanges are hereby directed to strictly monitor and ensure that all outstanding sales must be settled through actual tender of delivery. Necessary action under relevant laws will be taken against those found violating this directive."

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