Karachi: Trading in the shares of M/s. Salman Noman Enterprises Limited (SANE) is set to commence on a T+0 spot settlement basis in the Regular Market of the Pakistan Stock Exchange (PSX) from September 26, 2024, through October 4, 2024. This adjustment in the trading schedule follows PSX Notice No. PSX/N-908 issued on September 13, 2024.

The trading will allow transactions from Monday to Thursday between 9:15 a.m. and 1:00 p.m. and on Fridays from 9:00 a.m. to 12:00 p.m., solely on a T+0 basis. According to information available from the Pakistan Stock Exchange (PSX), this schedule applies to the Regular Market, where typically the settlement of shares occurs on the same day of trading to accommodate quick transaction finalization.

Additionally, SANE shares will also be available for trade in the Negotiated Deal Market (NDM) following a specific schedule that extends the settlement cycle beyond the same day. Trading will begin on Thursday, September 26, 2024, from 9:15 a.m. to 1:00 p.m., with the settlement allowed up to T+6 days. The schedule extends until October 4, 2024, with varying settlement allowances, reducing daily until the final T+0 trading session on Friday, October 4, 2024, from 9:00 a.m. to 12:00 p.m.

Importantly, PSX has noted that there will be no session for trade rectification in the Negotiated Deal Market during this period. Furthermore, in the event of a failure by Salman Noman Enterprises Limited to rectify any default, PSX has planned to suspend trading in the shares of SANE starting October 7, 2024.

Market participants and securities brokers who hold TRE certificates are advised to take note of these specific trading conditions and schedules to adjust their trading strategies accordingly.