ISLAMABAD:
The Securities and Exchange Commission of Pakistan (SECP) has approved the Regulations Governing Index Option Contracts of the Karachi Stock Exchange.
These regulations have been framed in line with international practices to provide a framework for the launch of trading in cash-settled index option contracts, says a press statement.
An option contract essentially gives its holder a right, but not the obligation to buy or sell an underlying asset on a future date at a predetermined price.
Published in The Express Tribune, April 26th, 2012.
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