Karachi: The Pakistan Stock Exchange (PSX) has announced the updated list of securities eligible for trading in the Deliverable Futures Contract (DFC) market following a comprehensive review based on the last six months' data, ending September 30, 2024. This review adheres to the amended eligibility criteria set by the Securities and Exchange Commission of Pakistan.
The quarterly review identified several securities for inclusion and exclusion in the upcoming trading periods. New incoming securities will be added to the list, enhancing the options available for traders. Conversely, certain outgoing securities will only be eligible for one 90-day contract period, specifically for DFC-Jan-2024, after which they will be removed unless they meet future review criteria.
Notably, the securities that will continue to be eligible under the relaxation rule of the eligibility criteria will remain on the list but are subject to removal if they fail to meet the quantitative parameters in subsequent reviews. The adjustments to the list aim to ensure the market's integrity and provide traders with viable trading options.
According to information available from the Pakistan Stock Exchange (PSX), the final and detailed list of these securities, labeled as ‘Annexure B,’ will be integral for investors planning their trading strategies. PSX will also notify the relevant trading schedules in due course to facilitate participants.
Investors are encouraged to review these changes thoroughly to adjust their trading strategies accordingly. The list of retained securities due to applicable relaxation includes notable companies such as Al Shaheer Corporation Limited, Century Paper & Board Mills, Dolmen City REIT, Frieslandcampina Engro Pakistan, Ferozsons Laboratories Limited, Gul Ahmed Textile Mills Limited, Sui Southern Gas Company Limited, and Waves Corporation Limited.
This dynamic update reflects PSX's commitment to maintaining a robust and transparent market, allowing it to adapt to economic shifts and investor needs efficiently.