PSX Announces January 2025 Deliverable Future Contracts Schedule

Karachi: The Pakistan Stock Exchange (PSX) has released the trading and settlement schedule for Deliverable Future Contracts (DFC) for January 2025. The schedule details the opening and closing dates for contracts, alongside specific trading regulations concerning securities eligible for the DFC during this period.

The DFC contracts will open on October 28, 2024, and close on January 31, 2025, with the settlement date set for February 4, 2025. This schedule will apply to all market participants and includes important notes on securities that are either excluded or have specific trading conditions due to their financial or operational status.

One key exclusion from the DFC list is the JS Momentum Factor ETF, identified by the symbol JSME*ETF, which is not eligible due to its non-compliance with the DFC eligibility criteria, as per DFC Eligibility Notice PSX/N-1011 dated October 18, 2024.

According to information available from the Pakistan Stock Exchange (PSX), trading in the shares of certain securities in DFC-Jan-25 will also have special conditions. Securities such as Bank Alfalah Limited, Faysal Bank Limited, and MCB Bank Limited, among others, will trade on an ex-benefit basis due to book closure dates previously notified by the respective companies. This means that transactions in these securities during the DFC period will be adjusted for any dividend or rights issues announced prior to the book closure.

This detailed structuring of DFC contracts by PSX is designed to ensure transparency and fairness in trading, providing clear guidelines to help investors manage their investment strategies effectively during the specified trading period.

PSX reserves the right to alter or vary the dates, or reduce/extend the contracts as necessary, to adapt to market conditions or in response to financial events that may impact trading.

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