JSK Securities Limited Converts to Trading Only Category

Stock Exchange Announcements

Karachi: As of 8 July 2024, M/s. JSK Securities Limited has officially transitioned to a Trading Only Securities Broker, conforming to the stipulations of Regulation 5A of the Securities Brokers (Licensing and Operations) Regulations, 2016.

This change facilitates a more focused approach to brokerage services, where JSK Securities will no longer handle the clearing and custody of securities. Instead, these responsibilities will now be managed by EClear Services Limited (ESL), which has been designated as the Professional Clearing Member (PCM). According to information available from the Pakistan Stock Exchange (PSX) (PSX), ESL will handle the settlement of executed trades and the custody of both securities and money across all accounts, including proprietary and other related accounts.

This adjustment aligns with regulatory requirements and is aimed at enhancing the operational efficiency and security of transactions for JSK Securities’ clients.