Karachi: The National Clearing Company of Pakistan Limited (NCCPL) has announced a scheduled change in the face value of shares for Dawood Lawrencepur Limited (DLL), effective from June 8, 2026. The announcement follows a notice issued by the Pakistan Stock Exchange (PSX), detailing the necessary adjustments in the trading and settlement processes for both the regular and leverage markets.
According to the report dated June 1, 2026, the changes will impact the trading and settlement schedules, with specific instructions provided to all clearing members. The regular market will observe a T+1 settlement cycle on June 3, 2026, transitioning to a T+0 cycle by June 5, 2026. Notably, no netting will be allowed between trades on the same settlement date, and the facility of all types of IDS will not be available for T+0 trading.
The leverage market, which includes the Margin Financing System (MFN) and Securities Lending & Borrowing (SLB), will see the last trading date for taking up new positions on June 3, 2026, with settlement on June 4, 2026. The release of open positions will occur by the end of market day on June 4, 2026, ensuring margin financed securities are transferred to respective CDS sub-accounts.
According to information available from the Pakistan Stock Exchange (PSX), these changes are part of a structured approach to manage pending deliveries and ensure a smooth transition in the face value of DLL shares. The adjustments are intended to facilitate orderly trading and settlement, minimizing disruptions in the market.
The NCCPL’s directive underscores the importance of adherence to the new schedule, ensuring compliance with the PSX notice and maintaining market stability during the transition period.