Pakistan, April 13 -- The Securities and Exchange Commission of Pakistan (SECP) has identified false trading by Sindh Bank Limited (SBL) and warned the bank against such activities in future.

The SECP said this with reference to correspondence exchanged between SECP and the bank regarding various trades carried out by SBL in the ready market during the period from January 2020 till January 2021 in the shares of several companies, said a statement.

"Upon detailed review of trading data, it was observed that a large quantum of trades carried out by SBL during the aforesaid period in the ready market was matched with the proprietary accounts of brokerage houses through which it was trading.

"In the said transactions, SBL first sold and th...