Steps to bolster investor confidence discussed

SECP takes feedback from capital market stakeholders.

KARACHI: Stakeholders of the capital market, who met at an investor feedback programme, discussed measures required to bolster investor confidence and increase their participation in capital market activities.

The Securities and Exchange Commission of Pakistan (SECP), in collaboration with the Karachi Stock Exchange (KSE) and National Clearing Company of Pakistan (NCCPL), organised the programme here, which was attended by representatives of all major capital market intermediaries including brokers, mutual funds, insurance companies, banks, development finance institutions, corporate pension funds and major brokerage houses.

Key institutional reforms introduced in the capital market were also highlighted, which have significantly reduced market risk, improved transparency and enhanced transactional efficiency.

In a press release issued on Friday, the SECP said the programme proved instrumental in brainstorming ideas and steps needed to be taken in various segments of the capital market, both primary and secondary. The participants deliberated upon suggestions floated in relation to improving activity in various stock market products, bringing in liquidity, expanding outreach of the market for increasing the retail investor base and various fiscal reforms for creating a level-playing field.

Published in The Express Tribune, September 24^th,  2011.