Karachi: In a recent announcement affecting market participants, the Pakistan Stock Exchange (PSX) has issued a revised trading and settlement schedule for Deliverable Future Contracts (DFC) for May and June 2025. This adjustment comes in response to the announcement of book closure dates for several companies, namely Nishat Chunian Power Limited (NCPL), Nishat Power Limited (NPL), and Tariq Glass Industries Limited (TGL).
The trading and settlement schedule for contracts on a cum-benefit basis will open on March 3, 2025, and close on April 30, 2025, with settlement occurring on May 5, 2025. For the June contract, the schedule will begin on April 3, 2025, close on April 30, 2025, and settle on May 5, 2025.
Contracts traded without the entitlement of benefit will follow a separate schedule. The May contract will open on April 28, 2025, close on May 30, 2025, and settle on June 3, 2025. The June contract will open on April 28, 2025, close on June 27, 2025, and settle on July 2, 2025. According to information available from the Pakistan Stock Exchange (PSX), these adjustments are crucial to accommodate the book closure dates of the aforementioned companies.
Additionally, Habib Bank Limited (HBL) is also listed with a revised trading and settlement schedule. For cum-benefit trading, the May contract will open on March 10, 2025, close on April 30, 2025, and settle on May 5, 2025. The June contract will follow the same opening and closing dates as other companies, from April 3, 2025, to April 30, 2025, with settlement on May 5, 2025.
Without entitlement benefits, the May contract for HBL will open on April 28, 2025, close on May 30, 2025, and settle on June 3, 2025. The June contract will open on April 28, 2025, close on June 27, 2025, and settle on July 2, 2025.
The PSX has reserved the right to alter or vary these dates should necessity arise, and it has been noted that trades in the shares of the mentioned securities under the specified contracts will not be eligible for entitlements, trading instead on an ex-benefit basis. The overlapping period for the securities listed in both tables is scheduled for a duration of three trading days, from April 28, 2025, to April 30, 2025.