The Karachi Stock Exchange (KSE) has approved the application for formal listing and quotation of certificates of the BMA Principal Guaranteed Fund-1 on completion of all formalities required under the Listing Regulations of the exchange.
The KSE notified that the trading in the certificates of the fund will start in the exchange from January 31, 2007, and all transactions taking place in respect of the fund shall be settled on T+3 settlements basis from the above date. The first settlement date will be February 07, 2007. The market lot of the fund will be 500 certificates of Rs 10 each.
The certificates of the fund have already been declared eligible security by Central Depository Company of Pakistan Limited (CDC) and all the transactions shall be settled through the National Clearing Company of Pakistan Limited (NCCPL), which has assigned Fund Code/Security Symbol as "BPGF" vide its letter issued on December 01, 2007.
The registrar of the fund is THK Associates (private) Limited, Karachi. The fund will be quoted under "Closed-End Mutual Funds" Sector of the Ready Board Quotations of the exchange.
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