Bank of Punjab second market maker at Pakistan Stock Exchange
The Bank of Punjab (BoP) signed an agreement with the Pakistan Stock Exchange, making it a market maker, after which it will be able to perform market-making activities, reported 24News HD TV channel on Friday.
Hence, the bank will now be able to perform market-making activities for various debt instruments such as Government Debt Securities like PIBs, T-Bills as well as Sukuks.
کراچی،پاکستان اسٹاک ایکسچینج اوربینک آف پنجاب میں مارکیٹ میکرکا معاہدہPosted by 24 News HD on Thursday, 17 December 2020
Market makers perform the crucial role of providing liquidity and depth to the market by continuously quoting two way – bid and offer, prices, helping investors to buy or sell securities.
Zafar said his bank would play the role of primary dealer, adding that there were tremendous opportunities for investment in the stock market.
Describing the day as a new beginning with the share market, he also asked the investors to take advantage of the situation.