Karachi: In a recent update affecting stock market operations, United Bank Limited (UBL) has announced adjustments to its trading and settlement schedule due to a split in deliverable future contracts (DFC). This change was communicated to the market participants following the announcement of the book closure date.

The revised schedule impacts the previously notified contracts DFC-JUL-26, DFC-AUG-26, and DFC-SEP-26, as per notices issued by the Pakistan Stock Exchange (PSX) on April 24, May 29, and June 24, 2026, respectively. According to information available from the Pakistan Stock Exchange (PSX), the trading and settlement of these contracts will now proceed on a cum-benefit basis and without entitlement of benefits under different timelines.

For the cum-benefit basis, the DFC-JUL-26 contract opened on April 27, 2026, will close on July 29, 2026, with settlement on July 30, 2026. Similarly, the DFC-AUG-26 contract, which commenced on June 1, 2026, will close on the same date as the July contract, with settlement also on July 30. The DFC-SEP-26, beginning on June 29, 2026, shares the same closing and settlement dates.

Meanwhile, the trading and settlement schedule without entitlement of benefits for the AUGB and SEPB contracts will commence on July 27, 2026. The AUGB contract will close on August 28, 2026, with its settlement on August 31, whereas the SEPB contract will conclude on September 25, 2026, with settlement occurring on September 28, 2026.

This adjustment reflects the contractual obligations and operational requirements of United Bank Limited within the designated market category influenced by the recent book closure announcement.