05-04-2010, 02:46 PM
There are two terms of the stock market.
Blank sale
âBlank Saleâ means âa sale by a party that does not own shares or the sale does
not constitute a sale with pre-existing interest or is a sale by a party that has not
entered into a contractual borrowing arrangement to meet delivery requirementsâ.
Short sale
"Short Sale" means a sale by a Member, on his Proprietary Account or on Clientâs
Account, not owning securities at the time of sale or the sale without constituting
a Pre-Existing Interest but is a sale on Proprietary Account or Clientâs Account
entered into on the basis of Prior Contractual Borrowing Arrangement to meet
delivery requirements on the settlement date.
For detail follow the link
http//www.kse.com.pk/kseregulations/index.php
You will find following document, study and enjoy..............
Blank sale
âBlank Saleâ means âa sale by a party that does not own shares or the sale does
not constitute a sale with pre-existing interest or is a sale by a party that has not
entered into a contractual borrowing arrangement to meet delivery requirementsâ.
Short sale
"Short Sale" means a sale by a Member, on his Proprietary Account or on Clientâs
Account, not owning securities at the time of sale or the sale without constituting
a Pre-Existing Interest but is a sale on Proprietary Account or Clientâs Account
entered into on the basis of Prior Contractual Borrowing Arrangement to meet
delivery requirements on the settlement date.
For detail follow the link
http//www.kse.com.pk/kseregulations/index.php
You will find following document, study and enjoy..............
- Short selling, 2002
Regards,
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