Indian made surveillance system to monitor Pakistani stocks

April 17th, 2008 - 3:53 pm ICT by admin  

Karachi, Apr 17 (ANI): Indian made surveillance system would start monitoring Pakistani stocks from next week.

Talking to Geo News, Chairman Securities and Exchange Commission of Pakistan (SECP) Razi-ur-Rahman said the new system was made in India and is being imported from Dubai.

Rahman said the trial of the new surveillance system was successful, and that it will formally begin the monitoring of the stock markets from next week.

The system will help in avoiding possible market crises and reinforcing monitoring of the stock markets, The News quoted SECP officials, as saying.

The system would also identify the persons responsible for artificial manoeuvring of share prices, they added. (ANI)

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