Karachi: For all market participants, the Pakistan Stock Exchange (PSX) has outlined the specific procedures and guidelines for assigning securities to Designated Market Makers (DMMs), effective immediately.

According to the PSX Rulebook regulation 12.8.1, the exchange will consider requests from market makers for the assignment of specific securities. These requests must adhere to the provisions stated in Chapter 12 of the PSX Rulebook. The assignment of securities will be evaluated based on several factors. These include the capability of the market maker to maintain a fair and orderly market, the ability to enhance liquidity, and the promotion of price discovery.

Additionally, market makers interested in such assignments must agree to comply with the Exchange’s Code of Conduct and Rules, which may be amended periodically. The PSX retains full discretion in deciding the assignment of securities to DMMs.

According to information available from the Pakistan Stock Exchange (PSX), this process aims to streamline the assignment of securities, ensuring that market makers can effectively support the trading environment.

This initiative underscores PSX’s commitment to enhancing the efficiency and stability of the market through structured and transparent procedures.