Karachi: The Pakistan Stock Exchange (PSX) has issued changes to the trading and settlement schedules for Deliverable Future Contracts (DFC) spanning November 2024 to January 2025. These adjustments are necessitated by the book closure dates of specific companies.

Effective from September 2024, the trading schedules for the DFC of November, December, and January will experience shifts in their trading and settlement dates. This modification pertains to contracts that were originally announced through multiple notices including PSX/N-840 on August 30, 2024, and subsequent notifications through October 25, 2024.

According to information available from the Pakistan Stock Exchange (PSX), Engro Corporation Limited and Nishat Power Limited, along with Pakistan Petroleum Limited, are the companies mentioned for these adjustments. For Engro Corporation Limited under symbol ENGRO, the DFC-November 2024 will now open for trading on September 2, 2024, and close on November 6, 2024, with a settlement date set for November 8, 2024.

Similarly, the schedules for contracts labeled as NOVB, DECB, and JANB, which do not include the entitlement of benefits, will also see a new timeline. The NOVB contract, for example, will open on November 4, 2024, and close on November 29, 2024, with the settlement scheduled for December 3, 2024.

The revisions also affect DFC contracts for December and January under both cum-benefit and without entitlement scenarios, following the same pattern of opening, closing, and settlement dates. The detailed changes for each of these periods ensure that market participants can adjust their trading strategies accordingly.

This strategic adjustment in the trading and settlement dates reflects the PSX's commitment to maintaining an orderly market and accommodating the corporate schedules of its listed entities. The exchange advises all market participants to note these changes and plan their trading activities in line with the revised schedule.