Sunday, December 28, 2008

KSE decides to utilize MPFs

KARACHI: Karachi Stock Exchange (KSE) has decided to utilize Members Protection Funds (MPFs) in view of the prevailing market conditions.This will provide an opportunity of borrowing up to Rs500 million each from the fund for a particular time period. The opportunity is for those stock members who are unable to clear payments against losses.Presently there is more than Rs2 billion in KSE Members Protection Funds.

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