Karachi: The Pakistan Stock Exchange (PSX) has officially revised the trading and settlement dates for the Deliverable Future Contracts (DFC) of October, November, and December 2024, impacting several listed companies. This adjustment is in response to the recent book closure announcements affecting Citi Pharma Ltd., Ferozsons Laboratories Limited, Ghani Glass Limited, and Nishat Mills Limited.

On July 29, 2024, the trading and settlement schedules were initially set for these DFC contracts, spanning across three months towards the end of the year. However, following the announcements on book closure dates for the involved companies, significant modifications have been made to accommodate these changes.

For the October contract, trading will begin on July 29, 2024, and will close on October 15, 2024, with the settlement set for October 17, 2024. Similarly, the November and December contracts are scheduled to commence on September 2 and September 30, respectively, both concluding on October 15 and settling by October 17, 2024.

In contrast, the contracts set without the entitlement of benefits, labeled as OCTB, NOVB, and DECB, will have different dates. For instance, the OCTB contract opens on October 11, 2024, and closes on October 25, 2024, with the settlement finalized by October 29, 2024. The NOVB and DECB follow suit, ending on November 29 and December 27, respectively, with settlements on December 3 and December 31, 2024.

According to information available from the Pakistan Stock Exchange (PSX), these changes ensure that trades of the specified shares in the OCTB, NOVB, and DECB contracts will not be eligible for benefits and will be traded on an ex-benefit basis. Additionally, the rollover period for these securities is scheduled from October 11 to October 15, 2024, covering three trading days.

The PSX reserves the right to further alter these dates or adjust the contract periods if necessary. Market participants are urged to take note of these revised schedules and plan their trading activities accordingly. This proactive notification aids in maintaining transparent and efficient market operations, ensuring that all stakeholders are well-informed and can adjust their strategies to align with the new schedules.