Karachi: It is hereby notified that in exercise of the powers conferred under Sub-Section (1) of Section 34 of the Securities and Exchange Ordinance, 1959, the Karachi Stock Exchange (Guarantee) Limited (KSE), with the prior approval of Securities and Exchange Commission of Pakistan have made the following amendments in its Listing Regulations. These amendments have been sent for publication in the Official Gazette of Pakistan:
Under Chapter V, in Regulation 16:
1. A new Sub-Regulation (2) has been added to read as under:
(2) Whenever a listed company becomes aware or is made aware of any rumor or report containing material information that is likely to affect market price of its listed securities or trading volume, which is in any form whatsoever and howsoever, including that of being broadcasted/presented through the electronic media and not limited to an article/news or otherwise, published in a newspaper, newswire, magazine, or any other publication, the company should clarify / confirm or deny the rumor or false information and set forth the facts sufficient to clarify the same in writing to the stock exchange, within one day of such publication/broadcast.
In the event that the Exchange enquires from the Issuer concerning unusual movements in the price or trading volume of its securities or any related matters, the issuer shall respond promptly to the Exchange by giving sufficient information as is available to the issuer in order to clarify its position.”
2. Existing Sub-Regulation (2) to (4) has been renumbered as (3) to (5) respectively.
The complete updated Listing Regulations of the Exchange are available on our Web-site: http://www.kse.com.pk/Regulation/Listing Regulations.
For more information, contact:
Karachi Stock Exchange
Tel: (92-21) 111-001122
Fax: (92-21) 3241 0825, (92-21) 3241 5136