SECP orders stockbrokers investigated for market manipulation - Pakistan

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Just the statements and nothing solid.</p> </div> <div class=""> <div class="button button--social" title="Recommend this comment">  <span class="button__label votejs__cast" data-vote-key="1328567/up-4765926">Recommend</span> <span class="button__count votejs__count" data-vote-key="1328567/up-4765926">0</span>  </div> </div> </div> </div> </div>  <div class="comment pb-4 mb-4 border--bottom" id="4765959" data-id="2"> <div class="row"> <div class="col-11"> <div class="comment__author float-left">Imran Ahmed</div> <div class="timeago comment__date" title="2017-04-22T19:42:50+05:00"><span class="timestamp--time timeago" title="2017-04-22T19:42:50+05:00">Apr 22, 2017 07:42pm</span></div> <div class="comment__body mt-2 size-four clearfix"><p>Are these market manipulators not always a few steps ahead of our regulators? Is there a clear demarcation between the two?</p> </div> <div class=""> <div class="button button--social" title="Recommend this comment">  <span class="button__label votejs__cast" data-vote-key="1328567/up-4765959">Recommend</span> <span class="button__count votejs__count" data-vote-key="1328567/up-4765959">0</span>  </div> </div> </div> </div> </div>  <div class="comment pb-4 mb-4 border--bottom" id="4766107" data-id="3"> <div class="row"> <div class="col-11"> <div class="comment__author float-left">Nahrad Muni</div> <div class="timeago comment__date" title="2017-04-22T20:31:07+05:00"><span class="timestamp--time timeago" title="2017-04-22T20:31:07+05:00">Apr 22, 2017 08:31pm</span></div> <div class="comment__body mt-2 size-four clearfix"><p>Not surprised at all.</p> </div> <div class=""> <div class="button button--social" title="Recommend this comment">  <span class="button__label votejs__cast" data-vote-key="1328567/up-4766107">Recommend</span> <span class="button__count votejs__count" data-vote-key="1328567/up-4766107">0</span>  </div> </div> </div> </div> </div>  <div class="comment pb-4 mb-4 border--bottom" id="4766213" data-id="4"> <div class="row"> <div class="col-11"> <div class="comment__author float-left">nac Paris</div> <div class="timeago comment__date" title="2017-04-22T21:07:59+05:00"><span class="timestamp--time timeago" title="2017-04-22T21:07:59+05:00">Apr 22, 2017 09:07pm</span></div> <div class="comment__body mt-2 size-four clearfix"><p>This would not happen in western countries due to strict laws and punishment. In Pakistan market manipulation happens all the time with no actions taken so far. I remember very well when my former Company decided to buy out minorities holding back in 2001 the price which was Rupee 400, overnight it shot up to Rupees 8900 through internal buying and selling involving few investors</p> </div> <div class=""> <div class="button button--social" title="Recommend this comment">  <span class="button__label votejs__cast" data-vote-key="1328567/up-4766213">Recommend</span> <span class="button__count votejs__count" data-vote-key="1328567/up-4766213">0</span>  </div> </div> </div> </div> </div>  <div class="comment pb-4 mb-4 border--bottom" id="4766217" data-id="5"> <div class="row"> <div class="col-11"> <div class="comment__author float-left">Naeem </div> <div class="timeago comment__date" title="2017-04-22T21:09:29+05:00"><span class="timestamp--time timeago" title="2017-04-22T21:09:29+05:00">Apr 22, 2017 09:09pm</span></div> <div class="comment__body mt-2 size-four clearfix"><p>What can you expect from a common man and all other government offices when the Prime Minister of the country is declared by two senior judges of the Supreme court to be dishonest.</p> </div> <div class=""> <div class="button button--social" title="Recommend this comment">  <span class="button__label votejs__cast" data-vote-key="1328567/up-4766217">Recommend</span> <span class="button__count votejs__count" data-vote-key="1328567/up-4766217">0</span>  </div> </div> </div> </div> </div>  <div class="comment pb-4 mb-4 border--bottom" id="4766418" data-id="6"> <div class="row"> <div class="col-11"> <div class="comment__author float-left">AGHA PASHA</div> <div class="timeago comment__date" title="2017-04-22T22:33:47+05:00"><span class="timestamp--time timeago" title="2017-04-22T22:33:47+05:00">Apr 22, 2017 10:33pm</span></div> <div class="comment__body mt-2 size-four clearfix"><p>Something new ?</p> </div> <div class=""> <div class="button button--social" title="Recommend this comment">  <span class="button__label votejs__cast" data-vote-key="1328567/up-4766418">Recommend</span> <span class="button__count votejs__count" data-vote-key="1328567/up-4766418">0</span>  </div> </div> </div> </div> </div>  <div class="comment pb-4 mb-4 border--bottom" id="4766594" data-id="7"> <div class="row"> <div class="col-11"> <div class="comment__author float-left">Faraz Chaudhry</div> <div class="timeago comment__date" title="2017-04-22T23:58:09+05:00"><span class="timestamp--time timeago" title="2017-04-22T23:58:09+05:00">Apr 22, 2017 11:58pm</span></div> <div class="comment__body mt-2 size-four clearfix"><p>Seems SECP has more focused on words and not deeds. Action speaks louder than words.</p> </div> <div class=""> <div class="button button--social" title="Recommend this comment">  <span class="button__label votejs__cast" data-vote-key="1328567/up-4766594">Recommend</span> <span class="button__count votejs__count" data-vote-key="1328567/up-4766594">0</span>  </div> </div> </div> </div> </div>  <div class="comment pb-4 mb-4 border--bottom" id="4766762" data-id="8"> <div class="row"> <div class="col-11"> <div class="comment__author float-left">Alba</div> <div class="timeago comment__date" title="2017-04-23T01:55:13+05:00"><span class="timestamp--time timeago" title="2017-04-23T01:55:13+05:00">Apr 23, 2017 01:55am</span></div> <div class="comment__body mt-2 size-four clearfix"><p>The Pakistan Stock Exchange is becoming a disaster area because of greed and attempts to use investor funds to gamble on the market. Well, they should have gambled on the New York Stock Exchange and kept out of trouble on Pakistan's market.</p> </div> <div class=""> <div class="button button--social" title="Recommend this comment">  <span class="button__label votejs__cast" data-vote-key="1328567/up-4766762">Recommend</span> <span class="button__count votejs__count" data-vote-key="1328567/up-4766762">0</span>  </div> </div> </div> </div> </div>  <div class="comment pb-4 mb-4 border--bottom" id="4766855" data-id="9"> <div class="row"> <div class="col-11"> <div class="comment__author float-left">Najum</div> <div class="timeago comment__date" title="2017-04-23T03:25:00+05:00"><span class="timestamp--time timeago" title="2017-04-23T03:25:00+05:00">Apr 23, 2017 03:25am</span></div> <div class="comment__body mt-2 size-four clearfix"><p>The Shanghai Stock Exchange's downfall was due to this. Now the same group of people own PSX. The exchange ownership colludes with the stock brokers.</p> </div> <div class=""> <div class="button button--social" title="Recommend this comment">  <span class="button__label votejs__cast" data-vote-key="1328567/up-4766855">Recommend</span> <span class="button__count votejs__count" data-vote-key="1328567/up-4766855">0</span>  </div> </div> </div> </div> </div>  <div class="comment pb-4 mb-4 border--bottom" id="4767333" data-id="10"> <div class="row"> <div class="col-11"> <div class="comment__author float-left">Javed arshad</div> <div class="timeago comment__date" title="2017-04-23T09:22:30+05:00"><span class="timestamp--time timeago" title="2017-04-23T09:22:30+05:00">Apr 23, 2017 09:22am</span></div> <div class="comment__body mt-2 size-four clearfix"><p>It happens all over all the time - the big fish small fish game.</p> </div> <div class=""> <div class="button button--social" title="Recommend this comment">  <span class="button__label votejs__cast" data-vote-key="1328567/up-4767333">Recommend</span> <span class="button__count votejs__count" data-vote-key="1328567/up-4767333">0</span>  </div> </div> </div> </div> </div>  <div class="comment pb-4 mb-4 border--bottom" id="4767522" data-id="11"> <div class="row"> <div class="col-11"> <div class="comment__author float-left">Naveed</div> <div class="timeago comment__date" title="2017-04-23T10:53:43+05:00"><span class="timestamp--time timeago" title="2017-04-23T10:53:43+05:00">Apr 23, 2017 10:53am</span></div> <div class="comment__body mt-2 size-four clearfix"><p>I expect something simiar to panama here</p> </div> <div class=""> <div class="button button--social" title="Recommend this comment">  <span class="button__label votejs__cast" data-vote-key="1328567/up-4767522">Recommend</span> <span class="button__count votejs__count" data-vote-key="1328567/up-4767522">0</span>  </div> </div> </div> </div> </div>  </section> </div> </div> </div>  </article> </div> </div> </main> <aside 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class="story__link">'Pepsi was among the first brands to patronise cricket in Pakistan'</a></h2> <div class=" mt-1 "><span class="story__byline size-three text--black "></span> </div></article>  </div> </div><div class="clear--both"> </div></div> </div> <div class="border--top border--thick border--black mx-sm-2 mx-0 clearfix"> <h3 class="opinion-stories font--playfair-display my-2"><a class="opinion-stories" href="/web/20180224162106/https://www.dawn.com/opinion">Opinion</a></h3> <div class=" slideshow--list pr-0 pr-sm-2 col-sm-4 col-12 float-left slideshow--opinion--first mt-2"> <div class="clear--both"> <div class="slideshow--row__item active pr-0 pr-sm-2 mb-2 lap-and-up-border--right palm-border--bottom equalize float-left" data-id="0" style="float:left;width:99%;">  <article class="box story mt-1 mb-1 mb-sm-2 mt-sm-0 pt-0 pb-2 pt-1 pt-sm-0 pr-0" data-id="1391388" data-layout="story">  <figure class="media media--stretch col-12 px-0 "> <div class="media__item "><a title="" href="https://web.archive.org/web/20180224162106/https://www.dawn.com/news/1391388/judicial-overreach"><img src="https://web.archive.org/web/20180224162106im_/https://i.dawn.com/medium/2018/02/5a90bed6bd969.jpg" alt="Judicial overreach"/></a></div> </figure> <div class="clearfix"></div>  <h2 data-layout="story" data-id="1391388" class="story__title font--playfair-display "><a href="https://web.archive.org/web/20180224162106/https://www.dawn.com/news/1391388/judicial-overreach" class="story__link">Judicial overreach</a></h2>  <div class="story__excerpt size-three font--georgia ">Can the three pillars of the state coexist in harmony? </div> </article>  </div> </div><div class="clear--both"> </div></div> <div class=" slideshow--list slideshow--opinion col-sm-8 col-12 float-left mt-2"> <div class="clear--both"> <div class="slideshow--row__item active pr-0 pr-sm-2 mb-2 lap-and-up-border--right palm-border--bottom equalize float-left" data-id="0" style="float:left;width:24%;margin-right:1.3333333333333%;">  <article class="box story mt-1 mb-1 mb-sm-2 mt-sm-0 pt-0 pb-1 pb-sm-2 pt-1 pt-sm-0 pr-0" data-id="1391387" data-layout="story">  <figure class="media media--focus media--stretch col-sm-12 col-3 mr-sm-0 mr-2 float-sm-none px-0 "> <div class="media__item media__item--100 "><a title="" href="https://web.archive.org/web/20180224162106/https://www.dawn.com/news/1391387/disqualification"><img src="https://web.archive.org/web/20180224162106im_/https://i.dawn.com/medium/2018/02/5a90be616e6a1.jpg" alt="Disqualification"/></a></div> </figure>  <h2 data-layout="story" data-id="1391387" class="story__title font--playfair-display py-0 "><a href="https://web.archive.org/web/20180224162106/https://www.dawn.com/news/1391387/disqualification" class="story__link">Disqualification</a></h2> <div class=" mt-1 "><span class="story__byline size-three text--black "><a href="https://web.archive.org/web/20180224162106/https://www.dawn.com/authors/1277/a-g-noorani">A.G. Noorani</a></span> </div></article>  </div> <div class="slideshow--row__item pr-0 pr-sm-2 mb-2 lap-and-up-border--right palm-border--bottom equalize float-left" data-id="1" style="float:left;width:24%;margin-right:1.3333333333333%;">  <article class="box story mt-1 mb-1 mb-sm-2 mt-sm-0 pt-0 pb-1 pb-sm-2 pt-1 pt-sm-0 pr-0" data-id="1391386" data-layout="story">  <figure class="media media--focus media--stretch col-sm-12 col-3 mr-sm-0 mr-2 float-sm-none px-0 " data-focus-x="0%" data-focus-y="0%"> <div class="media__item media__item--100 "><a title="" href="https://web.archive.org/web/20180224162106/https://www.dawn.com/news/1391386/back-to-the-future"><img src="https://web.archive.org/web/20180224162106im_/https://i.dawn.com/medium/2018/02/5a90be0659f1e.jpg?r=719563700" alt="Back to the future"/></a></div> </figure>  <h2 data-layout="story" data-id="1391386" class="story__title font--playfair-display py-0 "><a href="https://web.archive.org/web/20180224162106/https://www.dawn.com/news/1391386/back-to-the-future" class="story__link">Back to the future</a></h2> <div class=" mt-1 "><span class="story__byline size-three text--black "><a href="https://web.archive.org/web/20180224162106/https://www.dawn.com/authors/112/abbas-nasir">Abbas Nasir</a></span> </div></article>  </div> <div class="slideshow--row__item pr-0 pr-sm-2 mb-2 lap-and-up-border--right palm-border--bottom equalize float-left" data-id="2" style="float:left;width:24%;margin-right:1.3333333333333%;">  <article class="box story mt-1 mb-1 mb-sm-2 mt-sm-0 pt-0 pb-1 pb-sm-2 pt-1 pt-sm-0 pr-0" data-id="1391385" data-layout="story">  <figure class="media media--focus media--stretch col-sm-12 col-3 mr-sm-0 mr-2 float-sm-none px-0 "> <div class="media__item media__item--100 "><a title="" href="https://web.archive.org/web/20180224162106/https://www.dawn.com/news/1391385/securing-the-nation"><img src="https://web.archive.org/web/20180224162106im_/https://i.dawn.com/medium/2018/02/5a90bdb0ea5ec.jpg" alt="Securing the nation"/></a></div> </figure>  <h2 data-layout="story" data-id="1391385" class="story__title font--playfair-display py-0 "><a href="https://web.archive.org/web/20180224162106/https://www.dawn.com/news/1391385/securing-the-nation" class="story__link">Securing the nation</a></h2> <div class=" mt-1 "><span class="story__byline size-three text--black "><a href="https://web.archive.org/web/20180224162106/https://www.dawn.com/authors/933/tariq-khosa">Tariq Khosa</a></span> </div></article>  </div> <div class="slideshow--row__item pr-0 pr-sm-2 mb-2 lap-and-up-border--right palm-border--bottom equalize float-left" data-id="3" style="float:left;width:24%;">  <article class="box story mt-1 mb-1 mb-sm-2 mt-sm-0 pt-0 pb-1 pb-sm-2 pt-1 pt-sm-0 pr-0" data-id="1391176" data-layout="story">  <figure class="media media--focus media--stretch col-sm-12 col-3 mr-sm-0 mr-2 float-sm-none px-0 " data-focus-x="0%" data-focus-y="0%"> <div class="media__item media__item--100 "><a title="" href="https://web.archive.org/web/20180224162106/https://www.dawn.com/news/1391176/manifestos-and-education"><img src="https://web.archive.org/web/20180224162106im_/https://i.dawn.com/medium/2018/02/5a8f7b6a47fc9.jpg" alt="Manifestos and education"/></a></div> </figure>  <h2 data-layout="story" data-id="1391176" class="story__title font--playfair-display py-0 "><a href="https://web.archive.org/web/20180224162106/https://www.dawn.com/news/1391176/manifestos-and-education" class="story__link">Manifestos and education</a></h2> <div class=" mt-1 "><span class="story__byline size-three text--black "><a href="https://web.archive.org/web/20180224162106/https://www.dawn.com/authors/568/faisal-bari">Faisal Bari</a></span> </div></article>  </div> </div><div class="clear--both"> </div></div> </div> <div class="border--top border--thick border--black mx-sm-2 mx-0"> <h3 class="editorial-stories font--playfair-display my-2"><a class="editorial-stories" href="/web/20180224162106/https://www.dawn.com/opinion">Editorial</a></h3> <div class=" slideshow--list slideshow--editorial mt-2"> <div class="clear--both"> <div class="slideshow--row__item active pr-0 pr-sm-2 mb-2 lap-and-up-border--right palm-border--bottom equalize float-left" data-id="0" style="float:left;width:15.666666666667%;margin-right:1.2%;">  <article class="box story mt-1 mb-1 mb-sm-2 mt-sm-0 pt-0 pb-1 pb-sm-2 pt-1 pt-sm-0 pr-0" data-id="1391384" data-layout="story"><span class="story__time size-two text--gray font--arial "><span class="timestamp--label">Updated</span> February 24, 2018</span>  <h2 data-layout="story" data-id="1391384" class="story__title size-four font--playfair-display "><a href="https://web.archive.org/web/20180224162106/https://www.dawn.com/news/1391384/senate-poll-challenge" class="story__link">Senate poll challenge</a></h2>  <div class="story__excerpt size-three font--georgia ">An unusual problem has been solved in an unusual manner, giving rise to the usual speculation of partisanship and bias. </div> </article>  </div> <div class="slideshow--row__item pr-0 pr-sm-2 mb-2 lap-and-up-border--right palm-border--bottom equalize float-left" data-id="1" style="float:left;width:15.666666666667%;margin-right:1.2%;">  <article class="box story mt-1 mb-1 mb-sm-2 mt-sm-0 pt-0 pb-1 pb-sm-2 pt-1 pt-sm-0 pr-0" data-id="1391383" data-layout="story"><span class="story__time size-two text--gray font--arial "><span class="timestamp--label">Updated</span> February 24, 2018</span>  <h2 data-layout="story" data-id="1391383" class="story__title size-four font--playfair-display "><a href="https://web.archive.org/web/20180224162106/https://www.dawn.com/news/1391383/back-to-load-shedding" class="story__link">Back to load-shedding</a></h2>  <div class="story__excerpt size-three font--georgia ">The govt has acknowledged that there is more to resolving the persistent power shortages than raw megawatts alone. </div> </article>  </div> <div class="slideshow--row__item pr-0 pr-sm-2 mb-2 lap-and-up-border--right palm-border--bottom equalize float-left" data-id="2" style="float:left;width:15.666666666667%;margin-right:1.2%;">  <article class="box story mt-1 mb-1 mb-sm-2 mt-sm-0 pt-0 pb-1 pb-sm-2 pt-1 pt-sm-0 pr-0" data-id="1391382" data-layout="story"><span class="story__time size-two text--gray font--arial ">February 24, 2018</span>  <h2 data-layout="story" data-id="1391382" class="story__title size-four font--playfair-display "><a href="https://web.archive.org/web/20180224162106/https://www.dawn.com/news/1391382/dangerous-nexus" class="story__link">Dangerous nexus</a></h2>  <div class="story__excerpt size-three font--georgia ">INEXTRICABLY linked, illicit economies and organised crime pose extreme threats to societies. In Karachi’s... </div> </article>  </div> <div class="slideshow--row__item pr-0 pr-sm-2 mb-2 lap-and-up-border--right palm-border--bottom equalize float-left" data-id="3" style="float:left;width:15.666666666667%;margin-right:1.2%;">  <article class="box story mt-1 mb-1 mb-sm-2 mt-sm-0 pt-0 pb-1 pb-sm-2 pt-1 pt-sm-0 pr-0" data-id="1391170" data-layout="story"><span class="story__time size-two text--gray font--arial "><span class="timestamp--label">Updated</span> February 23, 2018</span>  <h2 data-layout="story" data-id="1391170" class="story__title size-four font--playfair-display "><a href="https://web.archive.org/web/20180224162106/https://www.dawn.com/news/1391170/regrettable-verdict" class="story__link">Regrettable verdict</a></h2>  <div class="story__excerpt size-three font--georgia ">The highest court in the land should be accorded the highest respect. Without the judiciary, rule of law is impossible. </div> </article>  </div> <div class="slideshow--row__item pr-0 pr-sm-2 mb-2 lap-and-up-border--right palm-border--bottom equalize float-left" data-id="4" style="float:left;width:15.666666666667%;margin-right:1.2%;">  <article class="box story mt-1 mb-1 mb-sm-2 mt-sm-0 pt-0 pb-1 pb-sm-2 pt-1 pt-sm-0 pr-0" data-id="1391169" data-layout="story"><span class="story__time size-two text--gray font--arial "><span class="timestamp--label">Updated</span> February 23, 2018</span>  <h2 data-layout="story" data-id="1391169" class="story__title size-four font--playfair-display "><a href="https://web.archive.org/web/20180224162106/https://www.dawn.com/news/1391169/no-place-for-newborns" class="story__link">No place for newborns</a></h2>  <div class="story__excerpt size-three font--georgia ">As the primary stakeholders in this venture, women must be empowered to exercise their rights and demand quality care. </div> </article>  </div> <div class="slideshow--row__item pr-0 pr-sm-2 mb-2 lap-and-up-border--right palm-border--bottom equalize float-left" data-id="5" style="float:left;width:15.666666666667%;">  <article class="box story mt-1 mb-1 mb-sm-2 mt-sm-0 pt-0 pb-1 pb-sm-2 pt-1 pt-sm-0 pr-0" data-id="1391168" data-layout="story"><span class="story__time size-two text--gray font--arial "><span class="timestamp--label">Updated</span> February 23, 2018</span>  <h2 data-layout="story" data-id="1391168" class="story__title size-four font--playfair-display "><a href="https://web.archive.org/web/20180224162106/https://www.dawn.com/news/1391168/syrias-nightmare" class="story__link">Syria’s nightmare</a></h2>  <div class="story__excerpt size-three font--georgia ">Is it only a matter of time before a new regional conflict in the Middle East materialises? </div> </article>  </div> </div><div class="clear--both"> </div></div> </div> <div class="px-2">   <div class="ad py-4 d-block d-sm-none" aria-hidden="true"> <div class="ad__label " style="max-width:728px;">Advertisement</div> <div class="js-ad clearfix" style="max-width:728px;padding-bottom:12.362637362637%;text-align:center;margin:0 auto;overflow:hidden;"> <div class="radWrapper ad__wrapper"> <div id="div-gpt-ad-1455531878761-2" class="ad__wrapper__slot" style="width:728px;position:absolute"> <script>googletag.cmd.push(function() { googletag.display('div-gpt-ad-1455531878761-2'); 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