Schedule of issue of Masood Textile Mills' Right Shares approved

Pakistan Stock Exchange (PSX) has approved the schedule of issue of Right Shares of Masood Textile Mills Limited. According to a PSX notice issued on Wednesday, the trading in the Unpaid Rights of the Company will start on this Exchange w.e.f. December 19, 2016. This first settlement date will be December 21, 2016.
The Unpaid Rights of the Company have already been declared as eligible security by the Central Depository Company of Pakistan Limited (CDC) and all transactions shall be settled through the National Clearing Company of Pakistan Limited, which has already assigned the Company Code/Security Symbol as "MSOTR".