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The Lahore Stock Exchange (LSE) has listed Abamco Capital Fund (ACF) on its ready board quotations following the amalgamation of 1st, 3rd, 8th, 11th, 12th, 15th, 19th and 20th ICP Mutual Funds into it.
According an LSE announcement, trading in the certificates of ACF will start on the LSE from April 12 with the symbol of ACF as assigned by the National Clearing Company of Pakistan Limited (NCCPL).
All transactions taking place in respect of this fund will be routed through the National Clearing and Settlement System for NCCPL on T+3 settlement basis. The first settlement date will be April 15.
Market lot of the ACF will be 500 certificates of the face value of Rs 10/-each. Abamco Capital Fund is an eligible security of Central Depositor Company (CDC) and all the movement of certificates will be made through CDC.
According to the announcement of the LSE, the Fund will be quoted under Closed-End Mutual Funds sector of the ready board quotation of the exchange.

Copyright Business Recorder, 2004

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