The DSE confirmed the matter in a press release on Thursday (July 2).

The press release stated that on Wednesday (July 1), BSEC issued an important order under Section 20A of the Securities and Exchange Ordinance, 1969. Through that order, DSE and CSE have been given necessary powers to protect investors' interests, ensure fair, efficient and transparent transactions in the market, maintain an orderly environment, and accelerate the overall development of the country's capital market.

According to the new directive, the stock exchanges will be able to determine and implement various control parameters for market operations based on their operational needs, existing regulations and policies.

However, if any changes are made to these parameters, the concerned stock exchange must immediately inform BSEC. Additionally, the changes must be properly communicated to all market participants.

Meanwhile, the currently effective market control parameters will remain in place until further instructions are given.

DSE believes that this initiative to grant more independence to stock exchanges in determining market control parameters will be considered an important milestone in achieving efficiency, transparency and international standards for the country's capital market.