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.

Annexure “A”

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:

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.

---