Karachi: The National Clearing Company of Pakistan Limited (NCCPL) has released its quarterly review on the eligibility of securities as market collateral for the Deliverable Future Contract (DFC) market. The review, issued on July 24, 2025, includes an updated list based on Pakistan Stock Exchange Notice No. PSX/N-758 dated July 18, 2025. The changes will take effect from Monday, July 28, 2025.

In accordance with the NCCPL Regulations 2015, specifically clause 12.5.2 (a) and schedule II clause "C" of Chapter 12, a new list of securities has been designated as eligible for trading in the DFC market. This list consists of 106 securities from various sectors, reflecting a diverse range of industries within the market.

The list includes well-known companies such as AGHA Steel Industries Limited, Adamjee Insurance Company Limited, Bank Al Habib Limited, and United Bank Limited. Among the notable inclusions are Engro Holdings Limited and Fast Cables Limited, which will be eligible as market collateral starting from the effective date of Monday, July 28, 2025.

According to information available from the Pakistan Stock Exchange (PSX), these securities are selected to ensure a balanced representation across sectors, aiding in market stability and investor confidence. The eligibility review is part of the NCCPL’s regular assessment to maintain a robust collateral management framework.

In addition, the NCCPL has announced the exclusion of three securities from the list of market collateral for the DFC market. Effective Friday, August 8, 2025, Century Paper and Board Mills Limited, JS Momentum Factor Exchange Traded Fund, and Pakistan Aluminium Beverage Cans Ltd will no longer be part of the eligible securities.

Market participants have been advised to take note of these updates, as they may impact trading strategies and collateral management practices. The changes underscore the NCCPL's commitment to adapting its collateral framework to evolving market conditions and regulatory requirements.