Wednesday, January 14, 2009
Banks begin selling shares of defaulting KSE members
Banks begin selling shares of defaulting KSE members: "KARACHI: The banks have started selling shares of the Karachi Stock Exchange (KSE) members, who failed to make payments of the margin amounts to the banks.
KSE members told Geo News that several major members were not being able to make payments of the margin for the last two months, which has prompted the banks selling all those share that they (defaulting members) had kept as security with the banks."
KSE members told Geo News that several major members were not being able to make payments of the margin for the last two months, which has prompted the banks selling all those share that they (defaulting members) had kept as security with the banks."
