Karachi, Yousuf Weaving (YOUW) recorded a notable increase in its stock price, according to the latest financial reports from the Pakistan Stock Exchange. The company's stock opened at PKR 3.27 and closed higher at PKR 3.43. The lowest and highest prices during the trading session were PKR 3.27 and PKR 3.34, respectively. A total of 183,000 shares were traded, with the closing price noted at PKR 3.25.
Karachi, The Securities and Exchange Commission of Pakistan (SECP) has announced a significant capacity-building session aimed at enhancing the understanding and implementation of the National Risk Assessment (NRA) 2023 Guide among brokers of the Pakistan Stock Exchange (PSX) and Pakistan Mercantile Exchange (PMEX). This initiative is designed to aid brokers in the development of Internal Risk Assessments (IRAs), a critical step towards bolstering the financial sector's resilience against various risks.The session is scheduled to take place on February 26, 2024, from 9:30 AM to 12:30 PM at the PSX Auditorium, located on the 3rd Floor of the Administration Block in the Stock Exchange Building, Karachi. Recognizing the geographical diversity of its audience, the SECP has also arranged for video-conferencing facilities at PSX regional offices in Islamabad and Lahore, ensuring widespread accessibility for brokers across the country.
This capacity-building effort by the SECP is part of a broader strategy to fortify the financial sector's understanding and management of risks in line with national and international standards. By focusing on the NRA 2023 Guide, the session aims to equip brokers with the knowledge and tools necessary for conducting thorough internal risk assessments, crucial for identifying, mitigating, and managing financial risks effectively.
Brokers participating in the session can expect to gain valuable insights into the latest risk assessment methodologies, strategies for enhancing their risk management frameworks, and the importance of compliance with regulatory requirements. This initiative underscores the SECP's commitment to enhancing the operational standards and security of Pakistan's financial markets.