Karachi: A significant revision in the trading and settlement schedule for Deliverable Future Contracts (DFC) has been announced by the Pakistan Stock Exchange (PSX). This adjustment is necessitated by the book closure date announced for TRG Pakistan Limited, impacting the DFC contracts for February, March, and April 2025.
The revised schedules are set to accommodate the book closure for TRG Pakistan Limited. According to the new plan, the trading and settlement on a cum-benefit basis are as follows: the February contract, which opened on December 2, 2024, will close on February 17, 2025, with settlement on February 19, 2025. The March contract, initiated on December 30, 2024, will also close on February 17, 2025, with the same settlement date of February 19, 2025. Similarly, the April contract, which commenced on February 3, 2024, is scheduled to close on February 17, 2025, with settlement taking place on February 19, 2025.
For contracts traded without entitlement to benefit, the revised schedule is as follows: the February contract (FEBB) will run from February 12, 2025, to February 28, 2025, with settlement on March 4, 2025. The March contract (MARB) will span from February 12, 2025, to March 27, 2025, with settlement on April 3, 2025. The April contract (APRB) will cover the period from February 12, 2025, to April 25, 2025, with settlement concluding on April 29, 2025.
According to information available from the Pakistan Stock Exchange (PSX), the overlapping period for trading in these contracts will be four days, from February 12, 2025, to February 17, 2025. During this time, trades in TRG Pakistan Limited shares in the FEBB, MARB, and APRB contracts will not be eligible for entitlements and will be conducted on an ex-benefit basis.
PSX has also noted that it reserves the right to alter or adjust these dates if necessary, ensuring flexibility in accommodating market conditions. This announcement is part of the designated market category adjustments and is critical for market participants to understand the implications of the book closure on their trading strategies.