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SECP Links Short Selling With Uptick Rule in Futures Market

In the wake of COVID-19 and its unprecedented effect on global stock markets, the Securities and Exchange Commission of Pakistan (SECP), in consultation with market stakeholders and market infrastructure institutions, has decided that for the April 2020 contract, a short sale in 36 specific shares of the futures market shall be subject to an uptick rule. This will ensure the provision of a required prior notice period to the market and retain liquidity in the rollover week. The uptick rule means that the shares of that relevant scrip have to be sold at a price higher than the last trade not lower. Further, to support the mutual fund industry, the maximum period of borrowing by mutual funds for redemption purposes will be extended from existing 90 days to 360 days. Moreover, the commission has allowed relaxing deposit requirements against the base minimum capital of TREC holders. The requirement to perform biometric verification at the time of opening of the account is eased and the..
Female Celebrities Pictures Wearing a Dupatta
Posted inEntertainment

Female Celebrities Pictures Wearing a Dupatta

Pakistan is a beautiful country that has a camouflage of cultures and traditions, religions and heritage. These days when our entertainment industry is flourishing, some of its audience does hold a question where we, as a nation, are heading to with so much of the on-screen glamor. However, what is really interesting here to witness is that our celebrities know how to carry their eastern look as well as a western look. Here are some of our female celebrities who often share their pictures with a beautifully handled dupatta on their head. Have a look! Ayeza Khan Hareem Farooq Mawra Hocane Minal Khan Momal Sheikh Maya Ali Saba Qamar Reema Khan Ayesha Omar Sanam Jung Veena Malik Mehwish Hayat Sanam Baloch Nida Yasir and Javeria Saud
Bloodbath Continues at PSX as Index Drops to Its Lowest in 52 Weeks
Posted inAndroid Apple Apps

Bloodbath Continues at PSX as Index Drops to Its Lowest in 52 Weeks

PSX continued the free fall on Thursday as the benchmark index dropped by 1752.01 or 5.8% to 28,664.04 amid Coronavirus fears as Pakistan reported two deaths because of the virus. It is the lowest level since March 2015. Another halt was seen in the market today as the KSE-30 Index dropped below 5% for five minutes triggering a halt for 45 minutes. Trading was halted for the sixth time since last week; KSE-30 Index down 6.9% Adnan Sami Sheikh, a senior market analyst said the markets are in free fall, the whole system is at risk. He added that valuations are approaching throw away levels, but the fear of catching a falling knife is keeping investors support on the sidelines, while those funds with public money try to exit at any possible level. Gohar Rasool, head of international sales at Intermarket Securities told Bloomberg, ”Market opened in halt territory due to pending sell orders from the previous session. The coronavirus is spreading in Pakistan forcing businesses to shut and..
Daring Pictures of 0sman Khalid Butt
Posted inEntertainment

Daring Pictures of 0sman Khalid Butt

The very dashing and handsome Usman Khalid Butt is one of the outstanding actors of our entertainment industry who started his career with the emerge of the drama industry itself. Usman has worked in many commercials and was seen as a lead role in many big dramas like Ek Nayi Cinderella, Aun Zara, Diyar-e-Dil and Baaghi. Osman is also known as a writer and a choreographer. He was also first noticed in the Humsafar parody that he prepared for HUM TV awards. Osman is very close to the HUM Television. His drama ehd-e-wafa, too, received an applaud from the audience. Osman Khalid was blessed to be born in a family of talented people. His father Dr. Khalid Butt is a known doctor and screenwriter. He has also directed a few projects. Moreover, his brother is a news anchor, formally known as Omar Khalid Butt. Osman is the happy one around. His co-actors love his existence on the set for his jolly nature and his Instagram is all full of some daring and funny pictures, reflecting his nature a..
Beautiful Pictures of Cricketer Imad Wasim with Wife
Posted inEntertainment

Beautiful Pictures of Cricketer Imad Wasim with Wife

Pakistan is a country of cricket lovers. We just not only love cricket but our players as well. Among all the new talent our cricket has welcomed, Imad Wasim is indeed, a precious addition. While we know Imad as the captain of Karachi Kings in the PSL, Imad has had been representing Pakistan in almost all International series. The young cricketer was born in Wales and received his first education in the UK. His father was working as an engineer there and for the sake of work, they had to move back to Pakistan. Imad then wanted to start his career in medicine but destiny had some other plans for him and he qualified in the cricket team, which always had been his passion. It was just a few time back that Imad’s wedding was all in the air. Imad is happily married to Sannia Ashfaq. The two of them make a beautiful couple. Here are some unseen pictures of the two. Have a look!
Beautiful Pictures of Cricketer Imad Wasim with Wife
Posted inEntertainment

Beautiful Pictures of Cricketer Imad Wasim with Wife

Pakistan is a country of cricket lovers. We just not only love cricket but our players as well. Among all the new talent our cricket has welcomed, Imad Wasim is indeed, a precious addition. While we know Imad as the captain of Karachi Kings in the PSL, Imad has had been representing Pakistan in almost all International series. The young cricketer was born in Wales and received his first education in the UK. His father was working as an engineer there and for the sake of work, they had to move back to Pakistan. Imad then wanted to start his career in medicine but destiny had some other plans for him and he qualified in the cricket team, which always had been his passion. It was just a few time back that Imad’s wedding was all in the air. Imad is happily married to Sannia Ashfaq. The two of them make a beautiful couple. Here are some unseen pictures of the two. Have a look!