Karachi: A significant modification regarding the shares of Bank Alfalah Limited (BAFL) has been announced, with the change in face value set to take effect from April 20, 2026, according to an official notice from the Pakistan Stock Exchange (PSX). This adjustment is poised to influence trading and settlement processes across regular and leverage markets.

The National Clearing Company of Pakistan Limited issued the notification, dated April 10, 2026, detailing the revised schedule for trading and settlement. In the regular market, the trading date of April 15, 2026, will see settlements on the following day, April 16, while trades on April 16 and 17 will settle on April 17, 2026. A T+1 settlement cycle is set for April 15, with a T+0 cycle for April 17.

Notably, no netting will occur between T+1 and T+0 trades on the same settlement date, and the facility of all types of IDS will not be available for T+0 trading. The unsettled trades of all DFC contracts concluded on April 15 will be settled on April 16 on a net basis.

In the leverage markets, the last trading date for taking up new positions through Margin Trading System (MTS), Margin Financing System (MFN), and Securities Lending & Borrowing (SLB) will be April 15, 2026, with settlements on April 16. The release of open positions will occur on April 16, with settlements on April 17. Margin financed securities will be transferred to respective CDS sub-accounts of margin financees at the end of the day on April 16.

According to information available from the Pakistan Stock Exchange (PSX), the pledging facility for symbol “BAFL” in favor of the National Clearing Company of Pakistan Limited will not be available on April 20, 2026. However, this facility will resume from April 21, 2026.

The announcement marks a deliberate step in the management of BAFL shares and reflects a structured approach to trading and settlement in the context of the Pakistan financial market.