Karachi: In an announcement made on July 31, 2025, the Pakistan Stock Exchange (PSX) has revised the trading and settlement schedule for Deliverable Future Contracts (DFC) for August, September, and October 2025. This change comes in light of the book closure dates announced for several key companies. The affected companies include Bank Alfalah Limited, Engro Fertilizers Limited, Fauji Fertilizer Company Limited, and Habib Bank Limited.

The PSX has outlined two distinct schedules in response to the book closure dates. On a cum-benefit basis, contracts for August, September, and October will open and close between June 2 and August 5, with settlement dates set for August 7. In contrast, contracts trading without the entitlement of benefits will follow a different timeline, with trading starting on August 1 and concluding at various points through October, with final settlements extending into early November.

According to information available from the Pakistan Stock Exchange (PSX), trades conducted in the shares of the aforementioned securities under the AUGB, SEPB, and OCTB contracts will be traded on an ex-benefit basis. Additionally, a three-day overlap period has been set from August 1 to August 5, wherein both cum-benefit and ex-benefit trades will occur simultaneously.

The PSX has also reserved the right to modify or adjust these dates if necessary. This revision impacts the designated market category, specifically affecting the trading operations of the companies involved. Market participants are advised to take note of these modifications to ensure compliance and strategic alignment with the updated trading schedules.