Karachi: In a recent notification, the Pakistan Stock Exchange (PSX) has announced a revised trading and settlement schedule for deliverable future contracts (DFC) related to Pakistan Petroleum Limited and Avanceon Limited. This adjustment, effective from May 6, 2026, is due to the announcement of book closure dates for the mentioned companies.
The trading and settlement schedule for Pakistan Petroleum Limited (PPL) on a cum-benefit basis will occur as follows: the May contract, opened on March 2, 2026, will close on May 11, 2026, with settlement on May 12, 2026. Similarly, the June and July contracts are set to close on May 11, 2026, with the same settlement date. For trades on an ex-benefit basis, the May B contract will open on May 7, 2026, close on May 26, 2026, and settle on June 1, 2026. The June B and July B contracts will follow a similar structure, closing on June 26, 2026, and July 31, 2026, respectively, with subsequent settlements.
For Avanceon Limited (AVN), the cum-benefit trading schedule specifies that the May, June, and July contracts, all opened on March 2, 2026, will close on May 13, 2026, with settlement the following day. The trading on an ex-benefit basis will mirror that of Pakistan Petroleum, with the May B contract closing on May 26, 2026.
According to information available from the Pakistan Stock Exchange (PSX), these changes are necessary for the orderly settlement of contracts and to align with the companies’ book closure dates. The overlapping period, where cum-benefit and ex-benefit trades occur simultaneously, will span from May 7, 2026, to May 11, 2026, for Pakistan Petroleum and May 7, 2026, to May 13, 2026, for Avanceon.
The PSX has reserved the right to modify or extend these dates should the need arise. Market participants are advised to take note of these revised schedules to ensure compliance and proper settlement of trades.