Islamabad: The Securities and Exchange Commission of Pakistan (SECP) has approved amendments to the Pakistan Stock Exchange (PSX) Regulations. These reforms aim to strengthen transparency, improve investor protection, and build a stronger Shariah-compliant capital market ecosystem.
Market transparency through public disclosures
PSX will now be required to publish all disciplinary actions against listed companies on its website. This step is designed to help investors make informed decisions and raise disclosure standards.
Shariah-related financial reporting for listed firms
Companies must provide disclosures on income, loans, and investments directly to PSX. This will allow accurate and timely screening for inclusion in the KMI All Share Index, improving the credibility of Islamic indices.
SECP directs development of Shariah indices
To further enhance transparency, PSX has been instructed to develop and maintain Shariah Indices (KMI Indices) either independently or through a third party within 12 months.
Easier access to Islamic brokerage services
The reforms also introduce Shariah-compliant brokerage services and dedicated account opening forms. These include Customer Relationship Forms and Sahulat Account Opening Forms, making it easier for investors to open Islamic trading accounts.
Building a more inclusive capital market
The SECP emphasized that these measures reflect its commitment to creating a transparent, efficient, and inclusive capital market. The goal is to meet the growing demand for trustworthy Shariah-compliant investment opportunities in Pakistan.
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