Karachi, The Pakistan Stock Exchange (PSX) has announced the detailed trading and settlement schedule for the Ready Market (T+2) for May 2024. The schedule lists specific transaction and corresponding settlement dates, ensuring clarity for market participants on operational days.

The schedule kicks off with transactions on the 2nd of May, a Thursday, settling by the 6th of May, a Monday. This pattern continues throughout the month, maintaining a consistent flow from transaction to settlement typically within two to three business days, as exemplified with the transaction on the 3rd of May, a Friday, settling by the 7th of May, a Tuesday.

Notably, the PSX has designated May 1st, 2024, as a holiday for Labour Day, thereby affecting the usual transaction and settlement activities around this date. Additionally, the schedule outlines that in the event of any necessary adjustments, PSX reserves the right to alter or vary the specified dates. Furthermore, should any settlement be postponed for any reason, it will take place on the subsequent working day, ensuring minimal disruption to the market’s operations.