The Securities and Exchange Commission of Pakistan (SECP) has given approval to the Pakistan Stock Exchange Limited (PSX) to issue Guidelines for Stock Split by Listed Companies. The Guidelines are aimed at promoting stock splits as a viable financial strategy in Pakistan’s capital market, especially for companies with high share prices, said a press release issued here on Friday. The Guidelines include detailed information regarding the legal and procedural aspects of stock splits, overall process flow, real-world case studies, cost and tax implications and accounting treatments.—APP
