Pakistan ponders intraday short-selling 19 November 2012Karachi Reporter: Georgina Lavers
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A meeting whose attendees included the Securities and Exchange Commission of Pakistan (SECP) and the Karachi Stock Exchange (KSE) discussed allowing intraday short-selling, but reached no final decision.
Moderating the meeting was Muhammad Ali, chairman of the SECP, with attendees including Nadeem Naqvi, managing director of the KSE, and Haroon Askari, deputy managing director of the KSE.
It was said at the meeting that IT systems would have to be upgraded before the introduction of intraday short selling.
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