Karachi Stock Exchange invites Bids for Membership Rights

Karachi: Bids for the purchase of Membership Rights/ Seats of The Karachi Stock Exchange (Guarantee) Limited (KSE) are invited from the eligible Individuals and Corporate Bodies, Financial Institutions /Banks (Local and Foreign). Any offer, if accepted shall be subject to the terms and conditions and the membership criteria of the Exchange. The Membership criteria is available on our corporate website www.kse.com.pk

The Bids may be sent under sealed envelope marked as “Bid for Membership Rights” addressed to the Managing Director of the Exchange, Bids should reach us latest by September 05, 2011 unto 5:00 p.m. along with a Pay-Order for advance payment of 10% against the amount offered and drawn in favour of The Karachi Stock Exchange (Guarantee) Limited. In case of non-acceptance of the offer, such amount shall be refunded.

The minimum reference price for bidding has been fixed at Rs.40 Million and any bid lower than the specified amount will not be accepted.

The applicant(s) selected for the membership will have to pay the balance amount of their Bid within ten (10) working days from the date of demand by the Exchange, failing which the advance payment will be forfeited by the Exchange.

The minimum reference price for bidding has been fixed at Rs.40 Million and any bid lower than the specified amount will not be accepted.

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