Lahore, LSE Financial Services Limited (LSEFSL) will commence trading on the Main Board of the Pakistan Stock Exchange (PSX) starting May 31, 2024. This follows the successful transfer of listing status from Modaraba A I-Ma li (MODAM) to LSEFSL, as approved by the Lahore High Court on April 3, 2024.

The shares of LSEFSL will be traded under the security symbol "LSEFSL" with an opening price of PKR 101 per share. The first settlement date is scheduled for June 4, 2024, with transactions to be settled on a T+2 basis. According to information available from the Pakistan Stock Exchange (PSX), trading will begin as per the details outlined in the Scheme of Arrangement, where MODAM certificate holders have received 65.03 LSEFSL shares per 1,000 MODAM certificates.

LSEFSL's shares have been declared eligible for trading by the Central Depository Company of Pakistan Limited (CDC) and will be settled through the National Clearing Company of Pakistan Limited (NCCPL). The company's sector classification on the PSX will be "Investment Banks / Investment Companies / Securities Companies."

The share registrar for LSEFSL is CDC Share Registrar Services Limited, located at CDC House, 99-B, Block B, S.M.C.H.S., Main Shahrah-e-Faisal, Karachi. Volume Traded data for the shares will be available following the initial trading day.