KSE index freeze to be removed on October 27

[Naveed Yaseen]

KARACHI (October 13 2008): The floor mechanism set on share prices is likely to be removed on October 27, 2008 a proposal in this regard has been given by the non-broker directors of KSE, which is likely to be approved in a KSE board meeting to be held on Monday. They also proposed to roll-over CFS Mk-II for another 10 days at the rate of one percent every day.

In case of default by a borrower default proceedings as per exchange rules will commence.

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