KSE issues new margin eligibility list.

KARACHI, August 21, 2009 (Balochistan Times): The Karachi Stock Exchange has revised the list of margin eligible securities for ready market on the basis of eligibility criteria approved by the Security and Exchange Commission of Pakistan (SECP), effective from September 21, 2009. According to a KSE notice here Friday, the new list included 40 scrips which would be acceptable as collateral against exposure margins and market-to-market losses. KSE has asked its members to replace those shares with the Exchange which are not included in the list before September 21, 2009. KSE will not value such shares for deposits against margin demand. The new list included ABL, ACPL, AHL, AHSL, AICL, AKBL, ANL, APL, ATRL, BAFL, BAHL, BOP, BOSI, DGKC, Engro, EPCL, FABL, FFBL, FFC, HBL, HUBCO, ICI, JOVC, JSCL, JSIL, KAPCO, Luck, Mari, MCB, NBP, NETSOL, NIB, OGDC, PAEL, PAKRL, PKGS, POL, PPL, PRL, PSO, PTCL, Shell, SNGP, SPL and UBL.

(THROUGH ASIA PULSE)