National Clearing Company of Pakistan Announces Eligibility for Unpaid Rights Security

Karachi, National Clearing Company of Pakistan Limited has declared the unpaid rights of The Pakistan General Insurance Company Limited eligible for clearing, settlement, and risk management through the National Clearing & Settlement System (NCSS). The security, identified by the symbol PKGIR and ISIN PK0071903014, will commence trading on the Pakistan Stock Exchange on May 27, 2024, with trading concluding on June 7, 2024, and settlement finalized by June 11, 2024.

According to information available from the Pakistan Stock Exchange (PSX), this declaration mandates the circulation of a notice to all TREC Holders of the Pakistan Stock Exchange, emphasizing the importance of updating trade feeds for the said security by the specified start date. This move ensures that The Pakistan General Insurance Company Limited, listed under the insurance sector, is incorporated into the NCSS, aligning with regulatory standards for risk management and financial compliance.