Karachi: The Pakistan Stock Exchange (PSX) has announced a revised trading and settlement schedule for Deliverable Future Contracts (DFCs) due to the book closure dates of several companies, including Cherat Cement Company Limited (CHCC) and Millat Tractors Limited (MTL). This announcement, made on November 29, 2024, December 27, 2024, and January 31, 2025, respectively, affects the contracts DFC-FEB-2025, DFC-MAR-2025, and DFC-APR-2025.

For CHCC and MTL, under the cum-benefit basis, the contracts will open on December 2, 2024, and close on February 26, 2025, with settlement on February 28, 2025. The trading and settlement schedule without entitlement of benefits for these companies will begin on February 24, 2025, closing on March 27, 2025, with settlement on April 3, 2025. Notably, the last working day for CHCC-FEB and MTL-FEB has been moved to February 26, 2025, from the previously notified February 28, 2025.

According to information available from the Pakistan Stock Exchange (PSX), Soneri Bank Limited (SNBL) and Tariq Glass Industries Limited (TGL) will also adhere to the revised schedule. For SNBL and TGL, the cum-benefit contracts open on December 30, 2024, closing on February 28, 2025, with settlement on March 4, 2025. Without the entitlement of benefits, the schedule will start on February 24, 2025, and close on April 25, 2025, with settlement on April 29, 2025.

The overlapping period for CHCC and MTL is set for three trading days from February 24, 2025, to February 26, 2025, while SNBL and TGL will have a five-day overlapping period from February 24, 2025, to February 28, 2025. The PSX reserves the right to modify these dates if necessary, and trades in the MARB and APRB contracts will not be eligible for entitlements, being traded on an ex-benefit basis.

This revised schedule affects stakeholders in the designated market category, emphasizing the importance of adhering to the new timelines to ensure smooth trading and settlement processes.