Karachi Stock Exchange (KSE) has approved a revised list of 53 margin eligible securities acceptable by the Exchange and based on eligibility criteria of SECP for all markets.Security and Exchange Commission of Pakistan (SECP) has accorded its approval to the said revised list, effective from August 15, 2011 as per regulations governing risk management of the exchange,KSE told.
KSE has advised all its members to replace their securities deposited with the Exchange according to the revised list before August 13, 2011.
These magin eligible securities are ABL, AHCL, AICL, AKBL, ANL, APL, ATRL, BAFL, BAHL, BOP, BYCO, CPL, CPSL, DAWH, DGKC, DOL, Engro, ECCL, FABL, FCCL, FFBL, FFC, GGL, HBL, HUBCO, ICI, INCL, JSCL, KAPCO, Lotte, LUCK, MCB, NBP, NCL, NML, NCPL, NRL, NTL, OGDC, PAEL, PAKRI, PGF, POL, PPL, PRL, PSO, PTCL, SNGPL, SPL, SSGC, Treet Corporation and UBL.
KSE has also approved the list of 16 banks whose bank’s guarantees will be acceptable by the KSE.
These are ABL, AKBL, BAFL, BAHL, BIPL, BOK, HBL, HMBL, JSBL, KASB, MCB, NIB, SMBL, SNBL and UBL.
The maximum amount for bank guarantee from the banks ranging from Rs 400 million to Rs 1 billion per member per bank will be acceptable on the basis of its ranking.