KARACHI: The prices floor, which is in place at the Karachi Stock Exchange, will be removed next week.

This was announced by Managing Director KSE, Adnan Afridi while talking to media here today.

The KSE management had fixed a lower price cap on August 27, to arrest the meltdown in share prices.

MD KSE said the banks and mutual funds have held out the assurance of continuing to provide financing for shares. “Banks will provide liquidity against stocks,” he said.