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Markets

KSE invites bids for membership rights/seats

KARACHI : Karachi Stock Exchange (KSE) has invited bids for the purchase of membership rights/seats of the exchange fr
10 Aug, 2011

 KARACHI: Karachi Stock Exchange (KSE) has invited bids for the purchase of membership rights/seats of the exchange from eligible individuals, corporate bodies, financial institutions and banks (both local and foreign).

According to the KSE here Wednesday, the bids can be sent to KSE by September 5, 2011 along with an advance payment of 10 percent against the offered amount.

The minimum reference price for bidding has been fixed at Rs40 million and any bid lower than this will not be accepted.

The balance amount should be paid within five working days once the application is accepted.

 

Copyright APP (Associated Press of Pakistan), 2011

 

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