Most important matter from Stock Exchange Ordinance 1973?

• A. Opening of any more stock exchanges was forbidden
• B. Introduction of margin trading
• C. Mandatory financial reporting
• D. Exchange rate regulation

Answer: (A)

The key idea is that the Stock Exchange Ordinance 1973 focused on controlling market structure by limiting who can operate a stock exchange. It established that no new stock exchanges could be opened without the appropriate authorization, effectively creating a single, regulated market under government oversight. This arrangement makes it possible to apply uniform listing and trading rules, protect investors, and maintain orderly, transparent trading across the market.

Other options don’t align with the ordinance’s main purpose. Margin trading relates to credit facilities and risk controls, which are addressed in other regulations and not the central aim of this statute. Mandatory financial reporting is driven by corporate and listing rules rather than the exchange licensing framework, and exchange rate regulation falls under monetary policy, not stock market regulation.