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Terms of Use

Terms and Conditions Regarding Your Use

By accessing and using the web pages of PSX Website available to the general public, including any linked pages owned and operated by PSX, or any partner thereof or any part of the PSX Website, you acknowledge, accept and agree to be bound by all of our terms, conditions and privacy policies (including the Privacy Policy) described below and incorporated herein by reference or otherwise contained on or referenced in the PSX Website (the “Agreement”). If you do not agree to this Agreement, you are not authorized to access and use the PSX Website and should exit immediately. You also acknowledge and agree that we may modify this Agreement at any time, in our sole discretion and that all modifications to this Agreement will be effective immediately upon our posting of the modifications on the PSX Website and your acceptance of such modifications. You agree to review this Agreement each time you access the PSX Website so that you are aware of any and all modifications made to this Agreement since your last visit and you agree that your use of the PSX Website after the date on which such modifications are posted to the PSX Website will constitute your acceptance of such modifications.

For the purpose of this Agreement, “PSX” shall mean Pakistan Stock Exchange Limited and all its affiliates, partner companies, employees, managers and directors.

Regulatory Disclosure

This PSX Website and all Content (as defined below) have been prepared for informational and/or educational purposes only, without regard to any particular user’s investment objectives, financial situation or means. Neither PSX nor any of their respective affiliates, officers, directors, employees, agents or licensors are soliciting any action based on information made available on the PSX Website. Reliance upon any Content contained on or accessed in the PSX Website is at your own risk. PSX does not warrant that the PSX Website will be available at any time or from any particular location, will be secure, uninterrupted or error free, that defects or errors will be corrected, or that the PSX Website is free of viruses or other potentially harmful components.

The Content on the PSX Website is not to be construed as a recommendation or offer to buy or sell or the solicitation of an offer to buy or sell any security, financial product or instrument; or to participate in any particular trading strategy. PSX does not make any recommendations regarding the merit of any company, security or other financial product or investment identified on the PSX Website, nor does it make any recommendation regarding the purchase or sale of any such company, security, financial product or investment that may be described or referred to on the PSX Website, nor endorse or sponsor any company identified on the PSX Website. None of PSX or its affiliates shall be liable for any investment decisions based upon or results obtained from the Content provided on the PSX Website. Nothing contained on the PSX Website is intended to be, nor shall it be construed to be, legal, tax, accounting or investment advice.

This PSX Website is not directed at or intended for publication or distribution to any person in any jurisdiction where doing so would result in contravention of any applicable laws or regulations. It is the responsibility of the individual user to consider his or her legal and regulatory position in the relevant jurisdiction, the risks associated with trading such securities or investments and to ensure that the use of the Content of the PSX Website and the subsequent making of any investment does not contravene any such restrictions or applicable laws and regulations of any jurisdiction. Potential users of products or investments described on the PSX Website (including those wishing to trade them or to offer and sell them to others) should familiarize themselves with the full contract specification of the security or investment concerned and any associated information. Please seek the advice of professionals, as appropriate, regarding the evaluation of any specific security, investment, index, report, opinion, advice or other Content.

Proprietary Rights

This PSX Website, including but not limited to the text, content, Contributed Content (as defined below), all compilations of real time or other information, any software programs, tools, applications and/or code available on or through the PSX Website and accompanying links, photographs, images, video, audio and graphics contained on the PSX Website, the selection and arrangement of the aforementioned and the “look and feel” of the PSX Website, (collectively “Content”), is protected by intellectual property laws, including but not limited to copyright, trademark, trade dress, domain name, patent, trade secret, international treaties and other proprietary rights and laws of Pakistan and other countries (“Intellectual Property laws”). In using or accessing the PSX Website or the Content, you acknowledge and agree to abide by all applicable Intellectual Property laws, as well as any additional notices or restrictions contained on the PSX Website. Unauthorized use of the PSX Website and the Content and materials contained on or available through the PSX Website or any linked websites may violate applicable Intellectual Property laws or other laws. The copyrights, trademarks, service marks and any other proprietary Content displayed on the PSX Website are registered and common law copyrights, trademarks, service marks, trade dress and proprietary material of PSX and its affiliates. You may not use the PSX Website or any Content except as expressly provided in this Agreement. Nothing contained on the PSX Website should be construed as granting, by implication, estoppel or otherwise, any license or right to use any of the Content or proprietary material without the express written permission of PSX or such other party as may own the proprietary rights therein and any rights not expressly granted herein are reserved to PSX, its affiliates and partners.

All right, title and interest in and to the Content are owned, licensed or controlled by PSX or its affiliate credited as the owner or lawful provider of the Content. You acknowledge and agree that, except if we give you prior written permission, you will not sell, license, rent, modify, print, copy, reproduce, download, upload, transmit, distribute, disseminate, publicly display, publicly perform, publish, edit, adapt, compile or create derivative works from any Content or materials (including, without limitation, through framing or systematic retrieval to create collections, compilations, databases or directories) or otherwise transfer any of the Content to any third person (including, without limitation, others in your company or organization). You agree not to decompile, reverse-engineer or disassemble any software or other products or processes available through the PSX Website and not to insert any code or product to manipulate the Content in any way that affects the user’s experience. Except if we give you prior written permission, use of any Web browsers (other than generally available third-party browsers), engines, software, spiders, robots, avatars, agents, tools or other devices or mechanisms to navigate, search or determine the PSX Website is strictly prohibited.

You may print or download a single, unaltered, permanent copy or one temporary copy in a single computer’s memory of any Content for your personal, non-commercial use only, provided you keep intact all trademark, copyright and other proprietary notices. Use for any other purpose is expressly prohibited by law, and may result in severe civil and criminal penalties. Violators will be prosecuted to the maximum extent possible. Certain affiliates or third party service providers impose additional terms and conditions of use set forth elsewhere herein. Your use of Content from those Third Party Providers is also subject to those terms and conditions of use and you forever hold PSX harmless from any and all claims, obligations, and/or liability arising in connection with the use of any Content, materials and information provided by any Third Party Provider or affiliate.

Trademarks/Service Marks

PSX owns registered and common-law trademarks, service marks, domain names and trade dress protected by trademark laws in Pakistan and other countries. Other names, whether or not appearing in large print, italics or with the trademark/service mark symbol are trademarks and service marks of PSX or Third Party Providers, unless otherwise noted. The use or misuse of these trademarks/service marks or any other Content or materials, except as permitted herein, is expressly prohibited and may be in violation of copyright law, trademark law and/or other relevant laws. Please be advised that PSX actively and aggressively enforces its intellectual property rights to the fullest extent of the law. PSX marks, names, logos and trade dress include, but are not limited to the following: PSX, Pakistan Stock Exchange Limited, TWS, CFS, KATS, BATS,,, and the PSX Website’s trade dress. These marks, names, logos and trade access may change from time to time

You agree you will not, and will not permit any third party to obstruct, receive, modify or otherwise interfere with the display or delivery of advertisements on the PSX Web-site.

Disclaimers of Warranty and Limitation of Liability

There may be delays, omissions, errors, or inaccuracies in the content, and the content is provided to you on an "As is" basis without warranties of any kind. Psx and its affiliates, officers, directors, employees, agents and licensors cannot and do not make any representations and, to the fullest extent permitted by applicable law, hereby disclaim with respect to the psx website and the content all express, implied and statutory warranties of any kind to you or any third party, including, but not limited to, representations and warranties regarding accuracy, timeliness, completeness, currentness, reliability, stability, readiness, non-infringement, merchantability, or fitness for any particular purpose, or any representations or warranties arising from usage or custom or trade or by operation of law. Psx and its affiliates, officers, directors, employees, agents and licensors assume no responsibility for the consequences of any errors or omissions. Any material, information or content downloaded or otherwise obtained through the use of the psx website is accessed at your own risk and discretion and you alone will be responsible for any damage or loss to you, including and not limited to your computer system, loss of data or loss or damage to any property or loss of data or loss of revenue that results from the download or use of such material

In no event shall psx or any of its affiliates, officers, directors, employees, agents or licensors be liable to you or to anyone else for (I) any direct, special, incidental, indirect, punitive, consequential damages or any other loss or injury caused in whole or in part by contingencies beyond their control or any negligence, including any gross negligence, in procuring, providing compiling, interpreting, editing, writing, reporting, transmitting or delivering the psx website or any content thereon or (ii) any claim arising out of or relating to the psx website or any content, including, but not limited to, any decision made or action taken by you in reliance upon such content, any delays, errors, omissions or interruptions in the delivery or transmission of content, data and services available on the psx website or any website of a third party provider or (iii) any other aspect of the psx website or any website of a third party provider or (iv) for any types of damages (such as, but not limited to, direct, consequential, special, incidental, punitive or indirect damages), even if advised of the possibility of such damages.

Use of Links

This PSX Website contains links to certain Internet websites developed, sponsored or maintained by third parties unaffiliated with PSX. Should you leave the PSX Website via a link contained herein, the content you view therein is not provided or controlled by PSX. PSX is not responsible for that content, nor has it developed, checked for accuracy or otherwise reviewed the content or privacy policy of any such third party website. By providing access to the linked websites, neither PSX nor its affiliates are recommending, endorsing or sponsoring any aspect of those websites, including the transmission of software, downloading or uploading of content, or any goods, services or securities available thereon. PSX makes no guarantees, representations or warranties as to, and shall have no liability for, any content delivered by any third party, including, without limitation, the non-infringement, accuracy, subject matter, quality or timeliness of any content, or the use of any personal information you provide to any such website. PSX reserves the right in its sole discretion to discontinue links to any other websites at any time and for any reason. PSX provides links to other websites solely as a convenience to its users, and the inclusion of any link shall not create any liability for PSX with respect to the third party or the third party’s website or the content provided through such links. Your use of such links is entirely at your own risk and responsibility. Furthermore, you forever hold PSX harmless from any and all claims, obligations and/or liability arising in connection with the use of any such links

PSX prohibits caching, unauthorized hypertext links by others to the PSX Website and the framing of any Content available on its PSX Website. PSX reserves the right to disable any unauthorized links or frames and disclaims any responsibility for the content available on any other site reached by links to or from the PSX Website.

No Unlawful or Prohibited Use/Monitoring of PSX Website

You acknowledge and agree that, as a condition of your use of the PSX Website, you will not use the site for any purpose that is unlawful or prohibited by this Agreement. You may not use the PSX Website in any manner that could damage, disable, overburden or impair any PSX servers, or the network(s) connected to any PSX server, or interfere with any other party’s use and enjoyment of the PSX Website. You may not attempt to gain unauthorized access to the PSX Website or any services, other accounts, computer systems or networks connected to any PSX servers or to any of the services, through hacking, password mining or any other means. You may not obtain or attempt to obtain any materials or information through any means not intentionally made available through the PSX Website. PSX reserves the right, in its sole discretion, to monitor any and all use of the PSX Website.

Violations of this Agreement

PSX reserves the right to seek all remedies available at law and in equity for violations of this Agreement, including the right to block access from a particular Internet address to our site.

Laws and Applicable Jurisdiction

You acknowledge and agree that this Agreement is governed by and should be interpreted in accordance with Pakistan law and in the event of any dispute arising in relation to this Agreement or any dispute arising in relation to the PSX Website, whether in contract or in tort or otherwise, the courts will have exclusive jurisdiction over such dispute. The failure of PSX to exercise or enforce any right or provision of these Terms and Conditions of Use shall not constitute a waiver of such right or provision.


In case your complaint has not been properly redressed by us, you may lodge your complaint with Securities and Exchange Commission of Pakistan (the “SECP”). However, please note that SECP will entertain only those complaints which were at first directly requested to be redressed by the company and the company has failed to redress the same. Further, the complaints that are not relevant to SECP’s regulatory domain/competence shall not be entertained by the SECP.