SECP linked short selling with uptick rule in future market

In the wake of COVID-19 and its unprecedented effect on global stock markets, the Securities and Exchange Commission of Pakistan (SECP), in consultation with market stakeholders and market infrastructure institutions, has decided that for the April 2020 contract, short sale in 36 specific shares of future market shall be subject to an uptick rule. This will ensure provision of required prior notice period to the market and retain liquidity in the rollover week.