Karachi: Kohinoor Textile Mills Limited (KTML) is set to experience a change in the face value of its shares, effective from September 15, 2025. This alteration comes as part of a planned schedule outlined by the National Clearing Company of Pakistan Limited, impacting both regular and leverage markets.

According to documents released on September 9, 2025, the trading and settlement schedule for KTML shares in the regular market begins on September 9, 2025, with a T+2 settlement cycle concluding on September 11, 2025. It is specified that any pending deliveries are to be squared up or closed out by September 12, 2025. For trades on September 11 and 12, a T+0 settlement cycle is in place, necessitating immediate closure of pending deliveries by the close of trading on September 12, 2025. Notably, no netting between T+2 and T+0 trades will be permitted on the same settlement date, and the IDS facility is unavailable for T+0 trading.

The leverage market also observes changes, with the last trading date for taking up new positions in the Margin Financing System (MFN) and Securities Lending & Borrowing (SLB) marked on September 9, 2025, with settlement on September 11, 2025. Any open positions in MFS are to be forcibly released by September 10, 2025, with the margin-financed securities transferred to the respective CDS sub-accounts on the same day. SLB open positions also face forced release after the market closes on September 10, 2025.

According to information available from the Pakistan Stock Exchange (PSX), these schedule adjustments are integral to the seamless transition following the change in face value, aligning with the anticipated logistical shifts required. This process marks a key development in KTML’s operational framework, necessitating careful attention from clearing members and market participants.

These updates highlight a strategic approach in managing the transition within the designated market category, ensuring clarity and compliance with the established market protocols.