Karachi, The Pakistan Stock Exchange (PSX) has disclosed its plan to transition the third batch of companies to a single share lot size from the existing 500 shares lot size effective May 6, 2024. This move, part of an ongoing effort to streamline market operations, will remove these companies from the Odd Lots Market.
The companies included in this transition are Fauji Cement Company Limited (FCCL), Kohinoor Spinning Mills Limited (KOSM), Agriauto Industries Limited (AGL), Thatta Cement Company Limited (TOMCL), Hum Network Limited (HUMNL), and Waves Singer Pakistan Limited (WAVES). Each currently operates under a 500-share lot size, which will be adjusted to a one-share lot size.
The implementation for this batch is scheduled to begin with system maintenance at the PSX on May 3, 2024, leading up to the effective transition date of May 6, 2024. This change aims to facilitate smoother transactions and improve accessibility for investors in the regular market.