Comments on T+3 cycle invited

The Karachi Stock Exchange (KSE) has asked all the members to give comments on the change of the settlement cycle from T+3 to T+2 latest by May 12, 2007.
The KSE, in its notice issued here on Wednesday said that in a meeting of the Securities and Exchange Commission of Pakistan (SECP) with KSE members held on May 8, it was agreed to change the settlement cycle from T+3 to T+2, after obtaining comments from all the stakeholders. The KSE asked the members to provide their comments on the matter till the mentioned date, so that they may be presented before the committee/board meetings.