The Karachi Stock Exchange has approved the application for formal listing and quotation of shares of the Arif Habib Bank Limited (AHBL) under the listing regulations of the exchange.
In a notice, the KSE notified that the trading in the shares of the bank will start from February 11, 2008 and all transactions taking place in respect of the bank shall be settled on T+2 basis from the said date.
The first settlement date will be February 13, 2008. All outstanding transactions up to February 08, 2008 carried out under the Regulations for Futures Trading in the Provisionally Listed Companies shall be settled separately on Wednesday, February 13 through the Clearing House of the exchange. The market lot of the bank will be 500 shares of Rs 10 each.
The shares of the bank have already been declared eligible security by the Central Depository Company of Pakistan Limited and all the transactions with effect from the date to be notified by National Clearing Company of Pakistan Limited separately shall be settled through the NCCPL, which has assigned company code/security symbol as "AHBL".
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