KSE seeks govt guarantee to bear losses

“Since long the KSE board has been implemented floor in the market, now it’s not possible for it to further extend the period of floor to the next month,” source attended today’s meeting said.

However, as far as the proposals are concerned, the finance minister stated that he will inform about government’s standpoint to the board, whether the proposals are being accepted or not till coming Wednesday, October 8, 2008.

According to sources, the SECP is going to allow the CFS shareholder to get banking finance by pledging CFS holdings. On the other hand, the SECP has decided to ban the day trading of the Mutual Fund Industry, the sources added.