KARACHI: Karachi Stock Exchange (KSE) CFS financing will resume as usual from Monday.

One KSE Director told Geo News that the Board has decided opening of CFS market as usual from Monday and the stock members would be liable to pay the Mark-II market losses on daily basis. Following the opening of CFS market, stock members would have to make 25 percent payments of Mark-II market losses by Monday. Otherwise, National Clearing Company (NCC) would suspend the membership card of the members failing to make payments.

On the other hand, KSE senior members told Geo News that NCC demand of 25 percent Mark-II market losses was in violation of the Sindh High Court decision, for which, contempt notices have been issued on the NCC chief executive and chairman. While the NCC officials told that it was under this court order that they have served the notices for the payment of losses.