Karachi, The Pakistan Stock Exchange (PSX) has conducted its quarterly review exercise for Futures Eligible Securities in line with the 'amended eligibility criteria for selection of securities eligible for trading in Deliverable Futures Contract (DFC) market,' as approved by the Securities and Exchange Commission of Pakistan (SECP). This review, based on data from the last six months ending December 29, 2023, has resulted in significant changes to the list of eligible securities for the DFC market.

The 'Annexure A' attached to the notice includes the list of incoming and outgoing securities for the DFC market. The incoming securities, which will be added to the list of eligible securities, include Alfalah Consumer Index ETF (ACIETF), Adamjee Insurance Company Limited (AICL), Packages Limited (PKGS), and Sazgar Engineering Works Limited (SAZEW). These additions reflect the dynamic nature of the market and the ongoing evaluation of securities based on performance and compliance.

The outgoing securities, which will remain part of the list of eligible securities only for one 90-day contract, i.e., DFC-Apr-2024 (where applicable), include Azgard Nine Limited (ANL), Amreli Steels Limited (ASTL), Ghani Global Glass Limited (GGGL), JS Momentum Factor ETF (JSMFETF), Pakistan Reinsurance Company Limited (PAKRI), and Pak Suzuki Motor Company Limited (PSMC*). Existing contracts (DFC-Feb-2023 and DFC-Mar-2023) will continue to be available for trading until their respective expiries.

Securities retained due to applicable relaxation, but which may be excluded if they do not meet quantitative parameters upon subsequent reviews, include Engro Powergen Qadripur Limited (EPQL), Kohat Cement Company Limited (KOHC), National Foods Limited (NATF), Nishat Chunian Limited (NCL), Saif Power Limited (SPWL), Bank Makramah Limited (BML), Descon Oxychem Limited (DOL), and Flying Cement Company Limited (FLYNG).

The PSX will notify relevant trading schedules for these securities in due course of time. The amended eligibility criteria, as detailed in 'Annexure C,' focus on a range of factors including daily traded volume, free float market capitalization, and compliance with regulatory requirements. This comprehensive review process ensures that the DFC market remains robust, transparent, and aligned with the best interests of investors and the market.