Karachi: Trading in shares of SME Leasing Limited (SLL) will take place on a T+0 (spot) settlement basis from October 23, 2024, to October 31, 2024, the Pakistan Stock Exchange (PSX) announced today. This temporary arrangement includes both Regular and Negotiated Deal Markets, following PSX Notice No. PSX/N-1003.

Starting Wednesday, October 23, the shares will be available for trading from 09:15 a.m. to 01:00 p.m. This schedule will apply from Monday to Thursday, while on Fridays, the trading hours will be from 09:00 a.m. to 12:00 p.m. According to information available from the Pakistan Stock Exchange (PSX), the shift to T+0 settlement aims to provide investors with more flexibility in managing their portfolios.

Furthermore, the PSX specified that SLL shares will also be tradeable in the Negotiated Deal Market with a varying settlement extension up to T+6 days, depending on the day of the week. Notably, the PSX has decided not to offer a session for trade rectification during this period.

Should SME Leasing Limited fail to rectify any defaults by the end of this period, PSX has warned that trading in SLL will be suspended starting November 1, 2024. Market participants are advised to take note of these changes and adjust their trading strategies accordingly.