Karachi: The National Clearing Company of Pakistan Limited has announced a change in the face value of shares for Lucky Core Industries Limited (LCI), effective July 21, 2025. This adjustment has prompted revisions in the trading and settlement schedules for both regular and leverage markets.

For the regular market, the trading and settlement schedule outlines that trading commencing on July 15, 2025, will settle on July 17, 2025, following a T+2 settlement cycle. Any pending deliveries will be subject to a square-up or close-out process by July 18, 2025. Meanwhile, trading on July 16 will also settle by July 18, with pending deliveries similarly processed. July 17 will see a T+0 settlement, with the same pending delivery procedures. Trading and settlement for July 18 will conclude with a close-out of any remaining deliveries on the same day.

According to information available from the Pakistan Stock Exchange (PSX), the leverage market will see trading adjustments specifically for the Margin Financing System (MFN), Murabaha Share Financing (MSF), and Securities Lending & Borrowing (SLB). The last trading date for taking new positions in these markets is set for July 15, with settlements due by July 17. For releasing open positions, the final trading date is July 16, with settlement by July 18. Notably, SLB and MFS open positions will be forcefully released by the end of trading on July 16.

The pledging facility for LCI shares in favor of the National Clearing Company of Pakistan Limited will be unavailable on July 21, but will resume on July 22. These changes follow the PSX Notice # PSX/N-733 dated July 11, 2025, aimed at ensuring a smooth transition amid the face value adjustments for LCI shares.