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The Dooms Day

Sanie Khan
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The Dooms Day

Rumors with regards to liquidation of foreign fund has been circulating in market which holds almost all the free float of OGDC. Their holding in OGDC is approximately 350 million shares. The fund has filed liquidation of one of its fund whose exposure in Pakistan is less than 1% and its total fund size is USD11 million. This is being confused by its other fund whose size is USD 12bn and is not been liquidated. Market participants are panicked with the name of the fund whereas all the rumors are baseless.

Sanie Khan

Sanie Khan holds a deep knowledge of the financial markets in Pakistan. Based in Karachi, he has over 20 years of hands-on management experience in financial technologies and managing operations in the financial sector. He was the General Manager at the Pakistan Stock Exchange (PSX) for 17 years. He along-with senior members of Exchange

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Inside Financial Markets was a joint publication of Pakistan Stock Exchange (PSX)and Society of Technical Analysts Pakistan (STAP)