ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) Chairman Zafar Hijazi asked the managements of stock markets to remain alert to counter any market related speculations, referring to the current volatile bearish trend.

He further suggested that a relevant clarification should be immediately issued to dispel any rumour.

In a letter addressed to the Managing Directors of Karachi, Lahore and Islamabad Stock Exchanges, Hijazi urged them to closely monitor and exercise oversight to ensure that all risk management measures are complied with, including collection of margins in a timely manner.

The chairman advised the managing directors to maintain close coordination with the SECP and submit daily reports to confirm collection of margins including the market-to-market losses as per the regulations.

He reiterated that in order to ensure integrity of the market, the SECP will continue to take measures for investors’ facilitation to boost their confidence.

Published in Dawn, March 31st, 2015

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