Karachi: The Pakistan Stock Exchange (PSX) has conducted its quarterly review of securities eligible for the Deliverable Futures Contract (DFC) market, based on data from the last six months ending June 30, 2024. This review, complying with the amended eligibility criteria authorized by the Securities and Exchange Commission of Pakistan, has led to updates in the list of securities that traders can engage with in the futures market.

Following the recent analysis, several companies will be added to the eligible securities list, while others will be phased out after the October 2024 contracts. Notable newcomers include Fatima Fertilizer Company Limited, Ghandhara Automobiles Limited, and Octopus Digital Limited, reflecting their recent performance and compliance with the PSX criteria.

On the other hand, companies like Attock Petroleum Limited and Engro Powergen Qadirpur Limited will only be included in the DFC market for the October 2024 contract. These firms will no longer be part of the eligible list post-October unless they meet the required quantitative metrics in future reviews.

According to information available from the Pakistan Stock Exchange (PSX), the DFC market's eligibility list will continue to include companies like Agha Steel Industries and Ferozsons Laboratories Limited under a relaxation rule, which allows certain companies to remain eligible despite not meeting all standard criteria. This provision is crucial for maintaining a diversified market and offering traders a variety of investment opportunities.

The PSX has also attached a comprehensive list of all eligible securities, known as 'Annexure B,' which includes prominent firms such as Lucky Cement Limited and MCB Bank Limited. The exchange will soon notify traders of the relevant trading schedules based on these updates.

All market participants are advised to review the changes and adjust their trading strategies accordingly to align with the new market conditions set forth by the PSX's latest eligibility review.