Karachi: A revised trading and settlement schedule for Deliverable Future Contracts (DFC) for October and November 2024 has been announced due to the book closure dates of certain listed companies. This adjustment affects the trading and settlement of DFC-OCT-2024 and DFC-NOV-2024, which were previously scheduled as per notifications PSX/N-724 and PSX/N-840.

The companies involved include Attock Refinery Limited, Cherat Cement Company Limited, Fauji Cement Company Limited, Kot Addu Power Company Limited, NetSol Technologies Limited, Nishat Power Limited, Pioneer Cement Limited, Pakistan Oilfields Limited, Pakistan Petroleum Limited, Pakistan Refinery Limited, Pakistan State Oil Company Ltd, and Symmetry Group Limited.

For these companies, the trading and settlement on a cum-benefit basis will proceed as follows:

The DFC for October will open on 29 July 2024 and close on 27 September 2024, with the settlement date scheduled for 1 October 2024.

Similarly, the November contract will commence on 2 September 2024 and follow the same closing and settlement dates as the October contract.

Additionally, trading and settlement without the entitlement of benefits will be conducted under:

OCTB contract, opening on 23 September and closing on 25 October 2024, with settlement on 29 October 2024.

NOVB contract, beginning on 23 September and concluding on 29 November 2024, with the settlement on 3 December 2024.

According to information available from the Pakistan Stock Exchange (PSX), PSX reserves the right to alter these dates or modify the duration of the contracts as necessary. It is also specified that trades of the above securities in the OCTB and NOVB contracts will not be eligible for benefits and will be traded on an ex-benefit basis. The rollover period for these securities will span five trading days, from 23 to 27 September 2024.