The Karachi Stock Exchange (KSE) has decided to implement the revision of VaR (Value at Risk) based Margins on a daily basis with effective July 2,2007.
In a notice issued here on Friday, the KSE said that the existing VaR based Margining System was implemented with effect from December 04, 2006. The VaR lists are currently revised on a weekly basis, however, since the exchange is satisfied on the computations related to the applicable Risk Meter, it has now been decided to implement the revision of VaR based Margins on a daily basis effective from July 2,2007.
This is required under the already implemented new Risk Management System and already approved by the Securities and Exchange Commission of Pakistan. The revised lists shall be available on the KSE Website on a daily basis.
POSITION LIMITS: The Governing Board of Directors of the Karachi Stock Exchange has decided to implement the Position Limits already approved by the Securities and Exchange Commission of Pakistan with effect from July 15, 2007.
The Board in its meeting held on May 16, 2007 and June 07, 2007 reviewed the matter of implementation of Position Limits across markets.
The KSE, in its notice issued here on Friday, announced that Mock Sessions of the Position Limits shall be held from July 7, 2007 till implementation date of July 15, 2007.
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