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KARACHI, Oct 8: The Securities and Exchange Commission of Pakistan (SECP) and the Karachi Stock Exchange (KSE) have “reached consensus on a final draft of the “Stock Exchange (Corporatisation, Demutualisation and Integration) Ordinance, 2007,” stated a KSE press release.

A meeting was held on Monday between the two sides to discuss the draft. The SECP team was led by its chairman Razi-ur-Rehman Khan and the KSE side included members of its demutualisation committee, some senior members, management, legal counsel and consultant appointed for valuation under KSE chairman Shaukat Tarin. “After the detail deliberation the two sides reached consensus and agreed on a final draft of the ordinance”, the release concluded.