The Securities and Exchange Commission of Pakistan (SECP) has clarified that it is not conducting any investigation into claims that the stock market was deliberately brought down.
The regulator strongly denied allegations and social media rumors that it was probing a supposed cartel of brokers or any coordinated activity behind a market decline.
The SECP emphasized that stock market surveillance is carried out continuously through a modern, automated system designed to monitor trading activity and ensure transparency.
According to the commission, market fluctuations are influenced by a range of economic and financial factors, and it is incorrect to attribute such movements to a single cause or unverified conspiracy theories.
The regulator also urged investors to rely only on authentic sources of information and to avoid paying attention to rumours.
Hight of Hypocrisy
When this rumour brakes stock market gain 4k point which is huge number while regularly market was declining. It is clearly shown many brokers was involved in this downsizing the market due to T+1 activity.
Brokers earning billions of rupees through T+2 . So T+1 formula isn’t suitable for them. I think SECP should stay with millions of shareholders instead of some corrupt brokers and their bad intentions.
Best of luck PSX