Amendments in PSX Regulations: Transition to One Share Lot Size
SECP Approves Changes in PSX Regulations
The Securities and Exchange Commission of Pakistan (SECP) has approved amendments to the PSX Regulations regarding the marketable lot size of one share.
According to the approved amendments, all regular market symbols currently traded in lot sizes of 20, 50, 100, and 500 shares will be converted into a lot size of one share. As a result, these symbols will be discontinued in the Odd Lot market.
Key Points for Transition
- Transition to the one-share lot size will occur in batches every week, starting from April 22, 2024.
- The transition will be completed in six batches.
- Companies with lot sizes of 20, 50, and 100 shares will be grouped into a single batch due to their nominal contribution percentage in terms of total trades of the Regular (REG) market.
- A list of companies to be converted into one share lot effective April 22, 2024, is provided in Annexure “A”.
- Subsequent batch-wise lists of companies will be notified to the market before each implementation.
- All REG market symbols, including GEM symbols, will be part of this transition.
Exclusions from Transition
- Equities ETFs (UBLPETF, NITGETF, NBPGETF, MZNPETF, JSMFETF, ACIETF, JSGBETF, and MIIETF) and Fixed Income ETF (HBLTETF) will not be part of this transition and will continue to trade in a lot size of 500 shares, remaining available in the Odd Lot market.
- Deliverable Future Contracts (DFCs) and initial public offers (IPOs) with a lot size of 500 shares will also continue unchanged.
All stakeholders are advised to take note of these changes and make necessary arrangements accordingly.
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Annexure βAβ
Batch# | Lot Size | No. of Companies | System Maintenance at PSX | Implementation Effective Date |
---|---|---|---|---|
1 | 20, 50 & 100 | 84 | Friday, 19th April, 2024 | Monday, 22nd April, 2024 |
This table outlines the details for the first batch, including the lot sizes, the number of companies, the scheduled system maintenance at PSX, and the effective implementation date.
List of Symbols in Batch 1:
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S. No | Symbol | Existing Marketable Lot | S. No | Symbol | Existing Marketable Lot | S. No | Symbol | Existing Marketable Lot |
---|---|---|---|---|---|---|---|---|
1 | COLG | 20 | 29 | MFFL | 100 | 57 | TICL | 100 |
2 | RMPL | 20 | 30 | SHFA | 100 | 58 | JDWS | 100 |
3 | BATA | 20 | 31 | HINOON | 100 | 59 | BUXL | 100 |
4 | NESTLE | 20 | 32 | DAWH | 100 | 60 | ABOT | 100 |
5 | HPL | 20 | 33 | BIFO | 100 | 61 | EXIDE | 100 |
6 | SFL | 20 | 34 | BWCL | 100 | 62 | SURC | 100 |
7 | UPFL | 20 | 35 | IBFL | 100 | 63 | ATLH | 100 |
8 | SAPT | 20 | 36 | CPPL | 100 | 64 | WAHN | 100 |
9 | AWTX | 20 | 37 | GADT | 100 | 65 | DLL | 100 |
10 | PSEL | 50 | 38 | BTL | 100 | 66 | TRIPF | 100 |
11 | SIEM | 50 | 39 | OTSU | 100 | 67 | IDYM | 100 |
12 | PAKT | 50 | 40 | GATI | 100 | 68 | FIMM | 100 |
13 | AABS | 50 | 41 | TOWL | 100 | 69 | ZIL | 100 |
14 | BHAT | 50 | 42 | ATBA | 100 | 70 | EFUL | 100 |
15 | MEHT | 50 | 43 | DYNO | 100 | 71 | PRET | 100 |
16 | SRVI | 50 | 44 | SITC | 100 | 72 | FZCM | 100 |
17 | ISIL | 50 | 45 | PCAL | 100 | 73 | IGIHL | 100 |
18 | RCML | 50 | 46 | MUREB | 100 | 74 | FASM | 100 |
19 | PMPK | 50 | 47 | SEPL | 100 | 75 | JSGCL | 100 |
20 | PECO | 50 | 48 | SHEZ | 100 | 76 | KHTC | 100 |
21 | KHYT | 50 | 49 | POML | 100 | 77 | SCL | 100 |
22 | AAL | 50 | 50 | KSBP | 100 | 78 | HAFL | 100 |
23 | GIL | 50 | 51 | AGTL | 100 | 79 | HINO | 100 |
24 | FEROZ | 100 | 52 | GLPL | 100 | 80 | PMRS | 100 |
25 | PNSC | 100 | 53 | PHDL | 100 | 81 | KPUS | 100 |
26 | BWHL | 100 | 54 | HALEON | 100 | 82 | HCL | 100 |
27 | SHSML | 100 | 55 | JLICL | 100 | 83 | FIL | 100 |
28 | AKDHL | 100 | 56 | ARPL | 100 | 84 | SGABL | 100 |
This table lists symbols along with their existing marketable lots. Each row represents a different symbol with its corresponding lot size.
β οΈ This post reflects the authorβs personal opinion and is for informational purposes only. It does not constitute financial advice. Investing involves risk and should be done independently. Read full disclaimer β
Comment (1)
Assalamu Alaikum
Respected Sir/Madam
Do you have any Idea about PHDL Shares (Pakistan Hotel Developers Ltd.) Project of which was purchased by SIUT
Trust Karachi some months ago.
I have got some shares of this Company.
Trading has been stopped, what to do now