S

Glossary · PSX term

Securities and Exchange Commission of Pakistan (SECP).

The SECP is the regulator that oversees the PSX, listed companies, brokers, and funds.

Definition

It enforces disclosure, listing, and conduct rules, licenses market participants, and acts against violations like insider trading and fraud. Its goal is fair, transparent markets and investor protection.

Worked example

If a company fails to disclose price-sensitive information on time, the SECP can investigate and penalise it.

Related on PSX Clarity

State Bank of Pakistan (SBP)

Insider trading

Circuit breaker

More glossary terms

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A sector index tracks the combined performance of companies in one industry, such as banks or cement.

Sector rotation

Sector rotation is the shift of money from one industry to another as conditions change.

Small-cap stock

A small-cap is a company with a relatively small market capitalisation and usually lower trading liquidity.

Special dividend

A special dividend is a one-off payout outside the company's normal dividend schedule.

A stock dividend pays shareholders in extra shares instead of cash.

A share split divides each share into more shares with a lower face value, without changing total value.

A buyback is when a company repurchases its own shares from the market, reducing shares outstanding.

Shares outstanding

Shares outstanding is the total number of a company's shares currently held by all investors.

Strike price (IPO)

In an IPO, the strike price is the final price per share set from the book-building bids.