Karachi: The National Clearing Company of Pakistan Limited (NCCPL) has announced a revised list of securities that will serve as market collateral for the Deliverable Future Contract (DFC) Market. This update comes into effect on November 3, 2025, as per Pakistan Stock Exchange Notice No. PSX/N-1138, dated October 24, 2025.

The updated list of eligible securities includes a broad spectrum of companies across various sectors, reflecting the dynamic nature of the Pakistani market. Among the companies named are Agha Steel Industries Limited, Agritech Limited, and AGP Limited. These changes are made under the guidelines specified in clause 12.5.2 (a) and schedule II clause “C” of Chapter 12 of the NCCPL Regulations 2015.

According to information available from the Pakistan Stock Exchange (PSX), the updated list is designed to align with market conditions and ensure that the securities permitted as collateral meet the necessary criteria for stability and reliability. The list encompasses 106 securities, among which notable inclusions effective from November 3, 2025, are JS Momentum Factor Exchange Traded Fund, Kohat Cement Company Limited, and National Foods Limited.

Additionally, the list mentions securities that will be excluded from the market collateral list as of November 12, 2025. These exclusions include JS Bank Limited, Lalpir Power Limited, and Pakistan Reinsurance Company Limited. Stakeholders and market participants are advised to take note of these changes to align their portfolios accordingly.

The adjustments in the eligible securities list underscore the ongoing efforts of the NCCPL and PSX to maintain a robust and responsive financial market structure. The DFC Market is expected to benefit from these revisions, offering traders and investors a refreshed set of options for managing their market exposure effectively.