Karachi: In a recent announcement affecting market participants, the Pakistan Stock Exchange (PSX) has revised the trading and settlement schedule for the deliverable future contracts of Dolmen City REIT and JS Momentum Factor Exchange Traded Fund. This change follows the declaration of book closure dates for these companies.

The trading and settlement schedule for the DFC-APR-2025 and DFC-MAY-2025 contracts, initially notified on January 31, 2025, under PSX/N-140 and on February 28, 2025, under PSX/N-227, has been adjusted. According to information available from the Pakistan Stock Exchange (PSX), the revised schedule for trading on a cum-benefit basis will be as follows:

For the April contract, trading commenced on February 3, 2025, with the contract closing on April 7, 2025, and settlement scheduled for April 9, 2025. For the May contract, trading began on March 3, 2025, with the same closing and settlement dates as the April contract.

For trading without the entitlement of benefits, the schedule will be as follows: The APRB contract began on April 3, 2025, with a closing date of April 25, 2025, and settlement on April 29, 2025. Meanwhile, the MAYB contract also started on April 3, 2025, and will close on May 30, 2025, with settlement on June 3, 2025.

The PSX retains the right to alter or modify the aforementioned dates or adjust the contract durations if necessary. It has been noted that trades occurring in the shares of Dolmen City REIT and JS Momentum Factor ETF within the APRB and MAYB contracts will not qualify for entitlements and will be executed on an ex-benefit basis.

There will be an overlapping period for the mentioned securities spanning three trading days, from April 3, 2025, to April 7, 2025.