IN THE MATTER OF: ISMAIL ABDUL SHAKOOR, MEMBER KARACHI STOCK EXCHANGE versus IN THE MATTER OF: ISMAIL ABDUL SHAKOOR, MEMBER KARACHI STOCK EXCHANGE
RR 8 (iii) and 8 (b) violated Regulations for Short Sale under the Ready Market, 2002, Cls 2 (a) (g) and 4 Rules which resulted in instability in the penal stock market 18 10 2005 2005 experienced abnormal fluctuations. The Commission investigated its reasons and obtained trading data from Automotive, an automated trading system, and later information revealed that this member's client, the stock exchange, had been involved with the Bank of Punjab. Sell the shares, while the client of the member said no. There is a pre-existing interest in shares of Bank of Punjab. The sale of the shares was regularly called when there was no interest in the shares of a client prior to the sales record prepared by the member. The client is already interested in it. Shares of the Bank of Punjab provided the purchase date of an unknown person on the said date and only from the member's client's pre-existing interest, which required the 2002 Regulations for short sale under the Reddy Market. In the event of a pre-interest and non-contractual credit arrangement by a member of the client, the vacancy occurred in the scope of the sale, which was prohibited under the Short Sale Regulations under the Ready Market, 2002 Member Stock Exchange. , In these circumstances it was breached. R4 (iii) of CL4 of the Short Ceiling for Regulations and Registration of Banks and Agents 2001, under Ready Market 2002, stated that violation of rules and regulations was a serious matter which suspended the membership of the Commission. I was entitled to, but in practice, the registration of commission brokers and agents
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