AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi: Pakistan Stock Exchange (PSX) announced the listing of Burj Clean Energy Modaraba (GEMBCEM) on the Growth Enterprise Market (GEM) board, effective from Thursday, October 10, 2024. The market will commence trading in the certificates of the Modaraba from the same day, with the first settlement date scheduled for Monday, October 14, 2024.
According to information available from the Pakistan Stock Exchange (PSX), the initial offering for Burj Clean Energy Modaraba includes a single certificate valued at PKR 10.00. This Modaraba has already been declared an eligible security by the Central Depository Company of Pakistan Limited (CDC) and will be transacted through the National Clearing Company of Pakistan Limited (NCCPL), which has assigned the symbol “GEMBCEM” to the Modaraba.
The opening price for the certificates has also been set at PKR 10.00 per certificate. Investors looking to engage with this new listing can refer to the CDC Share Registrar Services Limited for further inquiries. The Modaraba will be featured under the “Modarabas” sector in the daily quotation of the exchange.