Karachi, The Pakistan Stock Exchange (PSX) has initiated a significant amendment to its trading regulations, as approved by the Securities and Exchange Commission of Pakistan (SECP), concerning the marketable lot size for shares. Starting April 22, 2024, all regular market symbols currently traded in lot sizes of 20, 50, 100, and 500 shares will be converted to a one share lot size. This transition will phase out the symbols from the ODD Lot market, where 90 symbols are already traded in one share lots.

This adjustment will occur in six weekly batches, beginning with the companies having lot sizes of 20, 50, and 100 shares, which collectively make a nominal contribution to total trades in the regular market. The first batch of this transition includes 84 companies and will be implemented on April 22, following system maintenance at PSX scheduled for April 19. Companies in subsequent batches will be notified to the market prior to each implementation.

Notably, Equities ETFs and Fixed Income ETFs, such as UBLPETF, NITGETF, NBPGETF, MZNPETF, JSMFETF, ACIETF, JSGBETF, MIIETF, and HBLTETF, as well as Deliverable Future Contracts and initial public offerings where a 500 shares lot size is applicable, are excluded from this transition and will continue to be available in the ODD Lot market.