Karachi: In a recent announcement, the Pakistan Stock Exchange (PSX) has revised the trading and settlement schedules for Deliverable Future Contracts (DFC) related to several prominent companies due to the upcoming book closure dates. The companies affected include International Industries Limited, International Steels Limited, Lucky Cement Limited, and Sazgar Engineering Works Limited. The new schedules have been set for the DFC-SEP-2025, DFC-OCT-2025, and DFC-NOV-2025 contracts.

According to the revised schedule, for International Industries Limited and International Steels Limited, the contracts on a cum-benefit basis will conclude on September 12, 2025, with settlement on September 16, 2025. For Lucky Cement Limited and Sazgar Engineering Works Limited, the contracts on a cum-benefit basis will close on September 15, 2025, with settlement on September 17, 2025.

The market will also operate with a new schedule for contracts without the entitlement of benefit. These contracts will commence on September 10, 2025, for all the aforementioned companies. For International Industries Limited and International Steels Limited, the contracts will close on September 26, 2025, with settlement on September 30, 2025. Similarly, for Lucky Cement Limited and Sazgar Engineering Works Limited, the contracts will close on the same date, with settlement following shortly after.

According to information available from the Pakistan Stock Exchange (PSX), the overlapping periods for these companies will vary slightly. The overlapping period for International Industries Limited and International Steels Limited will last for three trading days, from September 10 through September 12, 2025. Meanwhile, the overlapping period for Lucky Cement Limited and Sazgar Engineering Works Limited will extend over four trading days, from September 10 through September 15, 2025.

Market participants have been advised to note these changes, as trades occurring during the SEPB, OCTB, and NOVB contract periods will not be eligible for entitlements and will be executed on an ex-benefit basis. The PSX has emphasized its authority to change these dates or modify contract durations if necessary. The designated market category is focused on future contracts within the industrial and engineering sectors.