Karachi October 15, 2021: The Cash-Settled Futures (CSF) Market has been temporarily suspended with immediate effect, in exercise of the power conferred to Pakistan Stock Exchange Limited (PSX) under Regulation 14.4 of PSX Regulations, as per notification issued by Pakistan Stock Exchange.
This decision has been taken in view of low interest of market participants and negligible trading volumes in CSF Market.
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In this regard, PSX is working on improvements in consultation with the Market Participants and intends to relaunch CSF Market in due course of time.
Cash-Settled Futures is like a standardized contract which allows buying or selling a certain underlying instrument at a certain date in the future, at specified price. Single Cash Settled Futures are standardized contracts to buy/sell single stock futures to be settled in cash, where the result of the trade is the cash difference between the buying and selling price. Settlement occurs purely on cash basis. Settlement can occur 30, 60, & 90 days after the contract is purchased.
