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Q:
ABOUT ISE
A:
Islamabad Stock Exchange is the youngest of the
three stock exchanges of the country. It was incorporated on
October 25, 2024 and it became fully operational on August 10,
1992.
Q: ABOUT
ISE�S LOCATION
A:
Islamabad Stock Exchange is centrally located in
Anees Plaza, Fazal ul Haq Road, Islamabad. It can be assessed from
East and West i.e. from both sides of Blue Area.
Q:
ABOUT OFFICE & TRADE TIMINGS
A: ISE remains open from 9:00 am. To 5:00 pm. from
Monday to Friday.
From Monday till Thursday, there
is only one trading session starting from 9:45 a.m. to 3:25 p.m.,
while on Friday, there are 2 sessions, first starting from 9:30
a.m. to 12:10 p.m. and second session starting from 2:30 p.m. to
4:10 p.m.
Q:
ISE
BEING SELF REGULATORY ORGANIZATION
A:
ISE is a self regulatory organization with its own
Memorandum and Articles of Association. It also has sets of Rules
which govern the conduct of its members in security dealings.
Being front line regulator, its responsibilities also cover the
surveillance of the market and enforcement of its listing
requirements.
Q: TRADING
SYSTEM
A:
Since August 31, 2024 old open out-cry system had
been replaced with computerized trading system commonly called
ISECTS. In the year 2002, ISECTS gave way to �ULTRA. TRADE�
trading system which is not only very efficient but also has
extended trading capacity, internet trading functionality.
The computerized trading system
has brought about much needed transparency in the securities
trading. It has been designed in such a way to provide automatic
matching of bids and offers fro execution purpose. All orders are
treated in strict price and time priority, thus ensuring a pure
auction market where no order is overlooked or traded through. In
this manner, the best trade is executed and passed on to the
participants without human interference. Printed confirmation and
status messages are immediately received by a member for each of
his order.
Q:
ABOUT MEMBERS
A:
At present there are 119 members including 93
corporate members.
Q: ABOUT
BOARD OF DIRECTORS
A:
The Exchange is governed by the 10-members Board of
Directors which is the apex policy making body of the Exchange.
Q: ABOUT
MANAGEMENT
A:
The day-to -day affairs of the Exchange are managed
by the management headed by a full time Managing Director, who is
assisted by the Company Secretary and the General Manager.
Besides, there are a number of
committees which look after as well as facilitate various aspects
of Exchange�s working. For instance, there is a Listing Committee
which takes care of listing of new companies on the Stock
Exchange. Then there is Trading, Regulation and Technology
Committee whose responsibilities pertain to issues relating to
trading, regulations and technology. Arbitration Committee is
another such committee which is entrusted with the task of
arbitration in the matter of trading disputes among members and
between members and investors when the same cannot be resolved
amicably.
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