Karachi: First National Equities Limited (FNEL) has announced a significant change in the face value of its shares, effective January 31, 2026. In a notification dated January 23, 2026, the company declared that the face value of FNEL shares will be adjusted from PKR 10 to PKR 1.

This adjustment is set to impact the trading process, as FNEL shares will be traded under a modified settlement cycle during the two days preceding the book closure. Specifically, trading on Thursday, January 29, 2026, and Friday, January 30, 2026, will follow a same-day settlement basis, known as T+0. According to information available from the Pakistan Stock Exchange (PSX), normal settlement procedures, T+2, will resume on February 02, 2026, which marks the first trading day post-book closure.

The stock split will result in the increase of FNEL's total shares from 267.29 million to 2.67 billion, though the company's paid-up capital will remain consistent. Consequently, FNEL's opening share price on February 02, 2026, will be calculated as one tenth of the closing price on January 30, 2026.

Market participants are advised to note these changes and prepare for the adjusted trading dynamics in the designated market category.