Karachi, The Securities and Exchange Commission of Pakistan (SECP) has initiated an investigation into unusual trading activities involving certain shares in the stock market. This move comes as part of broader efforts to enhance transparency and security in the financial sector.
According to Securities and Exchange Commission of Pakistan, Commissioner Market Abdul Rahman Waraich highlighted the consideration of installing jammers in the trading hall to prevent the use of mobile phones, which could mitigate insider trading and other manipulative activities. The discussion occurred during a visit by members of the Council of Economic and Energy Journalists (SAGE), where SECP officials provided a detailed briefing on stock market surveillance.
The SECP is actively working on integrating systems to streamline business operations in the stock exchange. This includes the centralized gateway portal system that connects various stakeholders, facilitating easier digital account openings in the capital market. With over 400,000 account holders now registered, the emphasis is on further strengthening the monitoring of business data in collaboration with the Federal Board of Revenue (FBR).
The workshop held by SECP with major capital market infrastructure institutions—Pakistan Stock Exchange, National Clearing Company, and Central Depository Company of Pakistan—focused on trading, clearing, settlement, and custodial functions. These discussions underline the SECP’s commitment to capital formation, financial inclusion, and investment diversification in Pakistan’s stock market.