Pakistan Stock Exchange Updates Clearing and Settlement Eligibility for Securities

Karachi: The National Clearing Company of Pakistan Limited (NCCPL) has declared new securities eligible for clearing, settlement, and risk management through the National Clearing and Settlement System (NCSS). The announcement, detailed in a notice dated July 9, 2024, affects two companies: KSB Pumps Company Limited and Stylers International Limited.

According to information available from the Pakistan Stock Exchange (PSX), the declared securities are Unpaid Rights, which are now set for trading under specific timelines. For KSB Pumps Company Limited, trading will commence on July 18, 2024, and will continue until August 8, 2024, with the last settlement date on August 12, 2024. Meanwhile, trading for Stylers International Limited will start earlier on July 11, 2024, and end on August 2, 2024, with settlement concluding on August 6, 2024.

This declaration facilitates the provision of trade feeds for these securities effective from their respective commencement dates as stipulated in the notice. The eligibility for NCSS ensures a structured and secure process for transactions involving these securities, reflecting the ongoing enhancements in Pakistan’s financial market infrastructure.