Karachi August 24 2023: Pakistan Stock Exchange informed that M/s. Progressive Securities (Private) Limited and M/s. CMA Securities (Private) Limited have converted into the category of Trading Only Securities Broker as per requirements of Regulation 5A of Securities Brokers (Licensing and Operations) Regulations, 2016.
In this regard, EClear Services Limited (ESL) has been appointed as Professional Clearing Member (PCM) of abovementioned Trading Only Securities Brokers in order to settle executed trades and keep custody of securities/money of all accounts including proprietary and other related accounts.
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