The National Clearing Company of Pakistan (NCCPL) has notified the list of those companies whose market lots are going to be changed with effect from July 2, 2007.
The Karachi Stock Exchange (KSE) while referring a NCCPL letter dated June 18, 2007 said that this information had already been notified by the exchange on June 21, 2007 along with the list of companies.
It may be noted that the market lots of few CFS eligible companies are also being changed from 100 to 500 shares. These companies include Kohat Cement, Pioneer Cement, Callmate Telips Telecom, Nishat Chunian Limited.
In view of the above, all members having open CFS positions in odd lots as on June 29, 2007 have been advised to get their such outstanding CFS transactions released, latest by June 28, 2007, for rollover in new marketable lots/settlement.
All open transactions in above companies shall be forced release on June 29, 2007. The NCCPL further notified that for the purpose of CFS the market lot of above companies shall be 500 shares with effect from June 29, 2005.
Comments
Comments are closed for this article.