| GEO Business|
| KSE management, brokers reconciled over new system|
| Updated at: 2137 PST, Wednesday, October 14, 2009|
KARACHI: The management of Karachi Stock Exchange (KSE) and brokers have stricken reconciliation on the new system of margin on the basis of individual investment, Geo News reported Wednesday.
The KSE management said under new system of margin, no broker would be able to use shares or amount of money of any sub accountholder in exposure, which will augment the confidence of investors.
Talking to Geo News, KSE member Naeem Rafi said that headway was made yesterday in removing all technical problems in the new system and the management assured that all the holdups in the system would be removed soon.