Securities and Exchange Commission of Pakistan suspends Universal Identification Numbers for market manipulation, directs National Clearing Company of Pakistan Limited to ensure settlement

Islamabad, November 10, 2015 (PPI-OT): Securities and Exchange Commission of Pakistan has directed National Clearing Company of Pakistan Limited to suspend UINs of five individuals with effect from November 10, 2015 for a period of six months.

This direction has been made in light of analysis of their trading patterns which revealed these individuals were involved in market manipulative activities that were detrimental to the interest of the general public. However, NCCPL has been directed to ensure settlement of all outstanding positions of the suspended UINs as of November 9, 2015.

For more information, contact:
Shakil Ahmad Chaudhary
Head, Internal and External Communication
Securities and Exchange Commission of Pakistan (SECP)
NIC Building, 63 Jinnah Avenue, Islamabad
Tel: +92-51-9214005 or +92-51-9214009 (Ext. 378)
Fax: +92-51-9206459
Cell: +92-302-8552254
E-mail: shakil.chaudhary@secp.gov.pk
Website: www.secp.gov.pk