The Board of Directors of Karachi Stock Exchange (KSE) took some key decisions in its meeting held here on Monday. The KSE board approved implementation of RSA Token Project making mandatory for members of the exchange, as recommended by Development & Trading Affairs Committee. The board gave approval of Condensed Interim Financial Statements and Directors' Review for nine months ended on March 31, 2011.
Another decision was recommendation for developing and getting the board's approval for the Standard Operating Procedure (SOP) to address the abnormal eventualities in trading process, more particularly in respect of first day trading in Right Allotment Letters and application of Circuit Breakers thereon. The board also gave approval of further amendments in Bonds Automated Trading System (BATS) Regulations to allow introduction of functionality of Request for Quote (RFQ), and keeping the trading in BATS on undisclosed basis.
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