Karachi: The National Clearing Company of Pakistan Limited (NCCPL) has announced the declaration of an unpaid right security eligible for clearing, settlement, and risk management through the National Clearing and Settlement System (NCSS). The security pertains to The Organic Meat Company Limited, a prominent entity within the Foods and Personal Care Products sector. This announcement was formalized in a notice dated February 4, 2025.
According to the notice, the unpaid right security of The Organic Meat Company Limited, symbolized as TOMCLR, will commence trading on the exchange on February 12, 2025. The last date for trading is scheduled for March 6, 2025, with the settlement concluding on March 10, 2025. These dates are crucial for market participants who are interested in engaging with this security.
The National Clearing Company of Pakistan Limited has taken these steps to ensure efficient clearing, settlement, and risk management processes for this security via the NCSS. The Organic Meat Company Limited is recognized for its contributions to the Foods and Personal Care Products sector, and this declaration marks a significant development for stakeholders involved in the company.
According to information available from the Pakistan Stock Exchange (PSX), The Organic Meat Company Limited has been a noteworthy player in the market, and this move is expected to enhance its trading dynamics. The eligibility of the unpaid right for NCSS is anticipated to streamline transactions and provide a structured framework for investors.
Market participants are advised to ensure the provision of trade feed for the security from the effective dates as specified. This development highlights the ongoing efforts by NCCPL to foster a robust environment for trading securities that contributes to the overall stability and efficiency of the financial market in Pakistan.