Silk Bank and Summit Bank Enter January Futures Market

Karachi, (PPI Bot): Silk Bank Limited (SILK) and Summit Bank Limited (SMBL) are now listed for the January 2024 Deliverable Future Contracts (FUT) on the Pakistan Stock Exchange. The contracts, SILK-JAN and SMBL-JAN, will be traded from October 30, 2023, to January 26, 2024, with the settlement scheduled for January 30, 2024. These listings represent a strategic move for Silk Bank in the banking sector and Summit Bank in the financial services industry.