Karachi December 4 2022: Pakistan Stock Exchange (PSX) informed that as per the audited Liquid Capital Statement (LC) as of June 30, 2022 filed by M/s. Galaxy Capital Securities (Private) Limited [Galaxy] with PSX, the amount of its LC is below the minimum specified threshold.
PSX regulation states that “In case of non-submission of statements of net capital balance and liquid capital within a time period as may be notified by the exchange, and clearing house or any shortfall in the net capital balance and/or liquid capital, either reported by the securities broker or identified by the securities exchange, clearing house or the Commission, the securities exchange, and clearing house shall immediately restrict the trading facility of such securities broker and shall only allow it to close out the open position in a controlled environment.”
Consequently, in compliance with the aforementioned Clause, the trading terminals of Galaxy have been restricted with immediate effect until further notice. Galaxy shall only be allowed to close out its open positions in a controlled environment.
In another notice, PSX restore trading facility of Khawaja Securities (Pvt) Limited (KSPL) with immediate effect.