Karachi: The Pakistan Stock Exchange has announced a revised trading and settlement schedule for deliverable future contracts (DFC) due to the announcement of book closure dates for several major banks. This adjustment affects contracts scheduled for March, April, and May 2026, as previously notified in December 2025 and January and February of 2026.

The companies impacted by this schedule change include The Bank of Punjab (BOP), Faysal Bank Limited (FABL), Habib Bank Limited (HBL), and United Bank Limited (UBL). For these institutions, the trading and settlement on a cum-benefit basis will continue as follows: Contracts opened at the end of December 2025, February, and March 2026 will close on March 17, 2026, with settlement occurring on March 18, 2026.

In contrast, the trading and settlement schedule without entitlement of benefits for these banks will commence on March 13, 2026, and conclude on varying dates in March, April, and May 2026. Settlement for these contracts will occur shortly after the closing dates.

BankIslami Pakistan Limited (BIPL) is also affected by the revised schedule. According to the new timeline, trading and settlement on a cum-benefit basis for BIPL will end on March 16, 2026, with settlement the following day. Contracts without entitlement benefits will adhere to the same schedule as the other banks, opening on March 13, 2026, and closing at the end of March, April, and May 2026.

According to information available from the Pakistan Stock Exchange (PSX), the overlap period for BOP, FABL, HBL, and UBL will extend for three trading days, from March 13 to March 17, 2026. Meanwhile, for BIPL, this overlap period is two trading days, spanning March 13 to March 16, 2026.

The PSX reserves the right to modify these dates if necessary and emphasizes that trades in the specified contracts during the overlap period will occur on an ex-benefit basis. Market participants are advised to take note of these changes.