Karachi: The National Clearing Company of Pakistan Limited (NCCPL) has announced updates to its list of margin-eligible securities, introducing several significant changes. Effective from January 1, 2025, to June 30, 2025, the list features new additions and removals impacting market stakeholders.

The list, which is divided into Category A and Category B, now includes Ghani Chemical Industries Limited and Sui Southern Gas Company Limited in Category A. These companies have been deemed eligible for collateral purposes, enhancing their market position as valued securities. Allied Bank Limited and Arif Habib Corporation Limited are among the additions to Category B, expanding the diversity of options available to investors.

According to information available from the Pakistan Stock Exchange (PSX), the review period will see several securities exiting the list due to various criteria. AKD Securities Limited and OLP Financial Services Pakistan Limited, both previously listed under Category B, have been removed as they did not meet the top 200 securities criteria. Several others, including Azgard Nine Limited and Gul Ahmed Textile Mills Limited, were excluded due to an impact cost greater than 2.

The update reflects the NCCPL’s ongoing commitment to maintaining a robust and dynamic framework for margin eligibility, ensuring the list aligns with current market conditions and security performance. This periodic review allows for the inclusion of emerging securities, providing investors with a refreshed array of options for collateral purposes.

These changes are anticipated to influence trading strategies and investment decisions across the designated market category, as stakeholders adjust to the revised list. The NCCPL's decision underscores the importance of adapting to market shifts and ensuring that the securities eligible for collateral continue to meet stringent standards.