The Trading Affairs Committee of Karachi Stock Exchange (KSE) has proposed to re-launch the 'Deliverable Futures' product at the exchange, with some amendments in its rules and regulations, it is learnt. In its meeting held here on Friday, the committee proposed that the roll-over period of the 'deliverable futures' should be extended to three or four months.
For this reason, the committee proposed the new name of the product as 'Deliverable Futures with Extended Financing', one of the committee members told Business Recorder after the meeting. He said that the committee was in favour of continuing the previous margin regime and circuit-breakers, after launching of proposed re-named product.
It was decided that the committee would finalise its proposals for the re-launching of the product very soon, and these proposals would be sent to KSE board of directors for consideration and approval. The KSE board meeting would be held in the first week of July.
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