Karachi October 24 2023: Pakistan Stock Exchange added four securities and drop two securities from list of eligible securities for trading in Deliverable Future Contracts market.
PSX informed to all concerned that quarterly review exercise of the Futures Eligible Securities has been carried out by the Exchange in accordance with ‘eligibility criteria for selection of securities eligible for trading in the Deliverable Futures Contract market’ (“Eligibility Criteria”) as approved by the Securities and Exchange Commission of Pakistan.
Based on the review of the last six (06) months data ending on September 28th 2023, Dolmen City REIT, JS Global Banking Sector ETF, National Foods Limited and Soneri Bank Limited will be added to the list of eligible securities.
While Highnoon Laboratories Limited and TPL Corp Limited were added to the list. These securities will be part of the list of eligible securities only for one 90-day contract i.e. DFC-Jan-2024. Further, existing contracts (DFC-Nov-2023 and DFC-Dec-2023) will remain available for trading till their respective expiries.
The securities which will remain eligible as per the relaxation rule of the aforementioned eligibility criteria and shall be excluded from the list if they do not meet the quantitative parameters upon subsequent reviews. These securities include Azgard Nine Limited, Amreli Steels Limited, Dewan Cement Limited, Descon Oxychem Limited, Flying Cement Company Limited, Ghani Global Glass Limited, Kohinoor Spinning Mills Limited, Pakistan Reinsurance Company Limited, Power Cement Limited and Summit Bank Limited.