The Karachi Stock Exchange (KSE) has approved the schedule of issue of right shares of Karachi Electric Supply Company Limited (KESC). The trading in the unpaid rights of the company will start on KSE with effect from October 28, 2011. The first settlement date will be November 1, 2011.
The unpaid rights of the company have already been declared as eligible security by the Central Depository Company of Pakistan Limited (CDC) and all the transactions will be settled through the National Clearing Company of Pakistan Limited (NCCPL), which has already assigned the company code/security symbol as "KESCR2".
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