Karachi: Nets International Communication Limited is set to debut on the Growth Enterprise Market (GEM) Board of the Pakistan Stock Exchange Limited on Monday, May 26, 2025. This development marks a significant step for the company in the public market arena, with trading scheduled to commence from the same day.
According to the announcement, the shares will be settled on a T+2 basis, with the initial settlement date slated for Thursday, May 29, 2025. The market lot for Nets International Communication Limited, assigned the company code "GEMNETS" by the National Clearing Company of Pakistan Limited (NCCPL), will consist of one share valued at PKR 10 each.
The Central Depository Company of Pakistan Limited has already declared the shares of Nets International Communication Limited as eligible securities. This ensures that all transactions will be executed through the NCCPL framework. Moreover, the Digital Custodian Company Limited, located on the 4th Floor of Perdesi House on Old Queens Road in Karachi, will serve as the share registrar.
According to information available from the Pakistan Stock Exchange (PSX), the shares will be quoted under the "Technology & Communication" sector in the exchange's daily quotation. This listing is expected to enhance visibility and accessibility for investors interested in the technology and communication domain.