Karachi: The Pakistan Stock Exchange (PSX) has announced a significant revision in its list of eligible securities for trading in the Deliverable Futures Contract (DFC) market, following a comprehensive quarterly review. This review, conducted in accordance with the amended eligibility criteria approved by the Securities and Exchange Commission of Pakistan, aims to ensure that the securities listed for futures trading meet the requisite standards for market participation.
The revised list, as per the PSX/N-115 notice dated January 24, 2025, reflects the changes based on data collected over the last six months ending on December 31, 2024. The Exchange has released 'Annexure A', which details the incoming securities that will be added to the eligible list, as well as outgoing securities that will remain part of the list only for a single 90-day contract, namely DFC-APR-2025. Existing contracts, DFC-FEB-2025 and DFC-MAR-2025, will continue to be available for trading until their respective expiration dates.
The quarterly review has also identified securities that, under the relaxation rule of the eligibility criteria, will remain eligible but stand to be excluded if they fail to meet the quantitative parameters in subsequent reviews. This measured approach ensures the robustness of the futures market and aligns with the overarching regulatory framework.
According to information available from the Pakistan Stock Exchange (PSX), the final list of securities eligible for trading in the DFC market is provided in 'Annexure B'. This list will serve as the definitive guide for market participants and is expected to influence trading strategies within the designated market category.
The PSX has indicated that the relevant trading schedules will be communicated in due course, allowing traders and investors to adjust their portfolios and strategies accordingly. This announcement marks a critical step in aligning the future market operations with international standards and providing a dynamic trading environment for stakeholders.