Karachi: The Pakistan Stock Exchange (PSX) has announced changes to the trading and settlement schedule for the Deliverable Future Contracts (DFC) for September and October 2024, specifically affecting Faysal Bank Limited and Lalpir Power Limited. The modifications have been prompted by the recently announced book closure dates for the aforementioned companies.

The adjusted schedule impacts DFC-SEP-2024 and DFC-OCT-2024 contracts, initially set by notifications PSX/N-607 on June 28, 2024, and PSX/N-724 on July 26, 2024. According to information available from the Pakistan Stock Exchange (PSX), the trading and settlement dates have been tailored to accommodate the corporate events of the involved companies. For both Faysal Bank and Lalpir Power, the schedule for trading on a cum-benefit basis is as follows: contracts for September opened on July 1, 2024, will close on September 3, 2024, and settle on September 5, 2024. The October contracts follow a similar timeline.

Furthermore, the exchange detailed schedules without the entitlement of benefits, termed SEPB and OCTB. These contracts, commencing on August 29, 2024, will conclude on September 27 and October 25, 2024, respectively, with settlements scheduled for the subsequent days. It is important to note that trades under the SEPB and OCTB contracts will not be eligible for benefits and will be traded on an ex-benefit basis.

The PSX reserves the right to alter these dates or modify the duration of the contracts as necessary. Market participants are urged to note these changes and adjust their trading strategies accordingly.