Karachi: The Pakistan Stock Exchange (PSX) has announced revisions to the trading and settlement schedule for the deliverable future contracts of The Bank of Punjab (BOP), in response to the company’s recent book closure announcement. This adjustment affects the DFC-SEP-2025 and DFC-OCT-2025 contracts.

The trading and settlement schedule for the aforementioned deliverable future contracts have been adjusted to accommodate the book closure. For the DFC-SEP-2025 contract, trading originally opened on June 30, 2025, and is now set to close on September 3, 2025, with the settlement slated for September 5, 2025. Similarly, the DFC-OCT-2025 contract, which commenced on July 28, 2025, will also close on September 3, 2025, with settlement occurring on September 5, 2025. The adjusted schedule is set on a cum-benefit basis.

However, a separate trading and settlement schedule applies to contracts without entitlement to benefits. These contracts, SEPB and OCTB, will open on September 1, 2025, and will close on September 26 and October 31, respectively, with settlements on September 30 and November 4. According to information available from the Pakistan Stock Exchange (PSX), trades executed during this period will be on an ex-benefit basis, meaning they will not qualify for entitlements.

It is important to note that there will be an overlapping period from September 1 to September 3, 2025, during which both the cum-benefit and ex-benefit contracts will be active. The PSX has reserved the right to alter or adjust these dates as necessary, providing flexibility in response to any arising requirements.

Market participants and stakeholders in the designated market category are advised to take note of these changes to ensure compliance and proper execution of trades during this period.