PAKISTAN: The Securities and Exchange Commission of Pakistan (SECP) approved regulatory amendments to strengthen the Shariah compliant segment and enhance transparency for dealings in the Pakistan Stock Exchange (PSX). Listed companies will provide Shariah-related disclosures (income, loans, investments and more) directly to the PSX for accurate screening and inclusion in the KMI All Share Index, enhancing the reliability of Islamic indices. The PSX is also advised to develop and maintain Shariah indices (KMI Indices) itself or through an independent third party within 12 months. Furthermore, the PSX must publicly disclose all disciplinary actions taken against listed companies on its website for better-informed investor decisions.
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