AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi, In a recent financial announcement to the Pakistan Stock Exchange (PSE), the National Clearing Company of Pakistan Limited (NCCPL) has declared the Unpaid Right of Mirpurkhas Sugar Mills Limited eligible for clearing, settlement, and risk management through the National Clearing & Settlement System (NCSS). This notice requests all Trading Right Entitlement Certificate (TREC) holders of the PSE to circulate this information promptly.
According to the details provided, Mirpurkhas Sugar Mills Limited’s Unpaid Right will commence trading on the Pakistan Stock Exchange from April 8, 2024. The trading of these securities will conclude on April 29, 2024, with the final settlement date slated for May 2, 2024. This declaration is a significant update for investors and stakeholders involved with Mirpurkhas Sugar Mills Limited, which operates within the Sugar & Allied Industries sector.
The notice further outlines the specific symbol code and ISIN (International Securities Identification Number) for Mirpurkhas Sugar Mills Limited’s Unpaid Right as MIRKSR and PK0008103019, respectively. This move to make the Unpaid Right eligible for NCSS processing is intended to facilitate smoother transactions and risk management for all parties involved.
This development is part of the broader efforts by the National Clearing Company of Pakistan Limited to enhance the efficiency and security of trading activities on the Pakistan Stock Exchange, providing a robust framework for the management of trading securities.