Karachi: M/s. Pine Capital Management (Pvt.) Limited has been activated as a Trading Only Securities Broker on the Pakistan Stock Exchange (PSX) effective June 19, 2025. This development follows the completion of all requisite formalities outlined in Regulation No. 4.11 of PSX Regulations, marking a significant progression for the firm.

The activation of Pine Capital Management, holding TREC No. 540, introduces a new participant in the securities brokerage market, thereby expanding the trading capabilities within the designated market category. This move is anticipated to impact trading dynamics, given the firm's new operational status.

Eclear Services Limited (ESL) has been appointed as the Professional Clearing Member (PCM) for Pine Capital Management. ESL's role will encompass the settlement of executed trades and the custodianship of securities and funds of all accounts associated with Pine Capital Management, which includes proprietary and other related accounts.

According to information available from the Pakistan Stock Exchange (PSX), Pine Capital Management's transition to an active status in the exchange is expected to influence the brokerage landscape, potentially affecting trading volumes and market liquidity.

This activation is a pivotal step for Pine Capital Management, aligning with regulatory standards and facilitating enhanced trading operations. The involvement of ESL as PCM ensures a structured approach to trade settlements and financial custodianship, which is crucial for maintaining market integrity and security.