Karachi: The National Clearing Company of Pakistan Limited (NCCPL) has announced the activation of a Non-Broker Clearing Member account for the Lucky Islamic Stock Fund. This development marks the fund's integration into the Financial Institutions Margining System, facilitating direct clearing and settlement through the Institutional Delivery System module of the National Clearing and Settlement System. The activation is set to take effect from April 28, 2025.

The Lucky Islamic Stock Fund, identified with CM ID 20628, now gains access to direct clearing and settlement capabilities, a move that aligns with NCCPL's broader efforts to enhance risk management practices within the financial sector. This activation is part of NCCPL's ongoing initiative to streamline operations for financial institutions within Pakistan's designated market category.

According to information available from the Pakistan Stock Exchange (PSX), the activation allows for improved efficiency in transactions, as the fund will now directly engage with NCCPL's systems. This integration is expected to facilitate a smoother settlement process for the fund, reducing dependencies on intermediary brokers and enhancing overall transaction security.

Market participants and stakeholders are encouraged to direct any queries or concerns regarding this activation to their respective Customer Support Services. The NCCPL remains committed to providing robust support and ensuring that financial institutions can seamlessly navigate the new margining system.