ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) held a of workshop for Council Energy and Economic Journalists (CEEJ) journalists at its head office, focusing on oversight of trading activities at the Pakistan Stock Exchange.
The SECP team explained that the stock exchange plays an important role in capital formation, financial inclusion, and diversification of investments. The participants were briefed on the trading, clearing, settlement, and custodial functions of the Pakistan Stock Exchange, the National Clearing Company, and the Central Depository Company of Pakistan Limited, collectively referred to as Capital Market Infrastructure Institutions (CMIIs).
The presentation on digital online account opening process emphasized the convenience offered by the newly introduced Centralized Gateway Portal (CGP) for retail investors across all financial intermediaries i.e., brokers, asset management companies, and insurance companies.
The new process has simplified the process for opening accounts with multiple financial intermediaries by ensuring that most of the required documents and details are available in the CGP.
The presentation on market surveillance explained SECP’s mandate with respect to surveillance. Participants were informed about different types of market abuse, such as insider trading, market manipulation etc. and briefed about various tools for surveillance that have been deployed at SECP and PSX.
Case studies were presented to participants to help them develop an understanding of market abuses, especially insider trading and market manipulation. SECP’s Commissioner Securities Markets, Abdul Rehman Warraich explained SECP’s mandate with regards to markets surveillance and gave detailed answers to the participants questions.
A trader works on the floor of the New York Stock Exchange , New York City. — AFP/FileNow that US interest rates...
A general view of al-Atba district of the Egyptian capital Cairo. — AFP/FileCAIRO: Egypt appears on track to break...
A man selling vegetables waits for customers at his makeshift stall at Empress Market in Karachi. — ...
A woman shops in a wet market in Kuala Lumpur, Malaysia. — Reuters/FileKUALA LUMPUR: Malaysia's economy grew faster...
The Pakistan Business Forum logo. — Facebook/pbf.limitedISLAMABAD: The Pakistan Business Forum on Saturday called...
US dollar banknotes are seen in this illustration taken March 10, 2023. — ReutersKARACHI: The government plans to...