The prevailing situation does point towards
free float exchange rate.
The surprise big devaluation of the local currency took place after declaration by the State Bank of Pakistan governor that the exchange rate would be market-based and that the
free float was not suitable for the country's economy.
The IMF had demanded that Pakistan should opt for
free float of the exchange rate but Umar's position was that the country could not afford the
free float.
He said that the Shilling's stability is supported by stable microeconomic fundamentals and that the value is of
free float nature.
The company plans to sell 95 million shares, or 20 per cent of the
free float, it said in an emailed statement.
Index-related data such as
free float and index weights are available on a subscription basis.
'By allowing
free float of the Pakistani Rupee the government has pre qualified the country to signing an agreement with the IMF,' she said.
Over time, this is expected to result in increased investor confidence in listed securities, narrower valuation gap between Bahrain Bourse and regional peers, reduced bid-ask spreads, enhanced market depth, and increased
free float in the market.
Ashgabat, 24 August 2015 (nCa) -- On 20 August 2015, Kazakhstan decided to do away with the dollar-pegged exchange rate and allow Tenge to
free float as per market conditions.
regulatory framework requiring the listed companies to issue and maintain minimum
free float. The International Organization of Securities Commissions (IOSCO), also highlighted the need to have minimum
free float requirement.
She said the two main challenges for Bahrain's equity market were illiquidity and low
free float.
