Karachi: Trading in shares of four specific companies will be conducted on a T+0 (spot) settlement basis in the Pakistan Stock Exchange's Regular and Negotiated Deal Markets from November 7 to November 15, 2024. This adjustment follows the PSX Notice No. PSX/N-1041 dated October 28, 2024.

According to information available from the Pakistan Stock Exchange (PSX), the companies included in this new trading schedule are Dewan Mushtaq Textile Mills Limited (DMTM), Hira Textile Mills Limited (HIRAT), Sitara Peroxide Limited (SPL), and Huffaz Seamless Pipe Industries Limited (HSPI). These securities will be traded without the usual delay between the execution and settlement of transactions, known as T+0 settlement, from November 7, 2024, through November 15, 2024, for specific hours on designated days.

On Mondays to Thursdays, the trading hours will be from 09:15 a.m. to 01:00 p.m., and on Fridays from 09:00 a.m. to 12:00 p.m. During this period, trading activities will be allowed in the Regular Market for all investors. Concurrently, these shares will also be eligible for trade in the Negotiated Deal Market (NDM) on a gradually decreasing settlement cycle from T+6 to T+0 as the week progresses.

It is critical for investors to note that no session for trade rectification will be provided during this period in the NDM. This initiative aims to enhance liquidity and facilitate timely transactions for stakeholders. Furthermore, in case of non-compliance with regulations by any of the mentioned companies, PSX has stated that trading in the shares of DMTM, HIRAT, SPL, and HSPI will be suspended starting November 18, 2024.

All stakeholders, including TRE certificate holders and securities brokers, are advised to take note of these changes and adjust their trading strategies accordingly.