ISLAMABAD:
The Securities and Trade Fee of Pakistan (SECP) has clarified that inventory market surveillance is carried out repeatedly by means of a contemporary, automated system and that it’s not conducting any investigation into allegations that the inventory market was intentionally introduced down.
In an announcement, the SECP strongly denied sure media experiences and claims circulating on social media alleging that the regulator was probing actions linked to an intentional fall within the inventory market or {that a} cartel of brokers had dumped the market.
The SECP mentioned market surveillance is performed on an ongoing foundation by means of a contemporary and automatic mechanism. In line with the regulator, fluctuations within the inventory market happen because of a spread of financial and monetary elements, and it’s incorrect to attribute such actions to a single trigger or to speculative conspiracy theories.
The SECP urged buyers to rely solely on genuine sources of knowledge and to keep away from listening to rumours.
