Karachi Stock Exchange's Clearing Schedule for T+3 System.

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CLEARING SCHEDULE FOR T+3 SYSTEM JUNE & JULY 2004
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TRANSACTION     TRANSACTION   SETTLEMENT           SETTLEMENT
DATE            DAY           DATE                        DAY
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16.06.2004      WEDNESDAY        21.06.2004            MONDAY
17.06.2004      THURSDAY         22.06.2004           TUESDAY
18.06.2004      FRIDAY           23.06.2004         WEDNESDAY
21.06.2004      MONDAY           24.06.2004          THURSDAY
22.06.2004      TUESDAY          25.06.2004            FRIDAY
23.06.2004      WEDNESDAY        28.06.2004            MONDAY
24.06.2004      THURSDAY         29.06.2004           TUESDAY
25.06.2004      FRIDAY           30.06.2004         WEDNESDAY
28.06.2004*     MONDAY           02.07.2004            FRIDAY
29.06.2004      TUESDAY             -                       -
30.06.2004      WEDNESDAY        05.07.2004            MONDAY
01.07.2004      THURSDAY         06.07.2004           TUESDAY
02.07.2004      FRIDAY           07.07.2004         WEDNESDAY
05.07.2004      MONDAY           08.07.2004          THURSDAY
06.07.2004      TUESDAY          09.07.2004            FRIDAY
07.07.2004      WEDNESDAY        12.07.2004            MONDAY
08.07.2004      THURSDAY         13.07.2004           TUESDAY
09.07.2004      FRIDAY           14.07.2004         WEDNESDAY
12.07.2004      MONDAY           15.07.2004          THURSDAY
13.07.2004      TUESDAY          16.07.2004            FRIDAY
14.07.2004      WEDNESDAY        19.07.2004            MONDAY
15.07.2004      THURSDAY         20.07.2004           TUESDAY
16.07.2004      FRIDAY           21.07.2004         WEDNESDAY
19.07.2004      MONDAY           22.07.2004          THURSDAY
20.07.2004      TUESDAY          23.07.2004            FRIDAY
21.07.2004      WEDNESDAY        26.07.2004            MONDAY
22.07.2004      THURSDAY         27.07.2004           TUESDAY
23.07.2004      FRIDAY           28.07.2004         WEDNESDAY
26.07.2004      MONDAY           29.07.2004          THURSDAY
27.07.2004      TUESDAY          30.07.2004            FRIDAY
28.07.2004      WEDNESDAY        02.08.2004            MONDAY
29.07.2004      THURSDAY         03.08.2004           TUESDAY
30.07.2004      FRIDAY           04.08.2004         WEDNESDAY
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NOTES:
(1) *COT Release and open market COT Session will not be available on June 28, 2004.
(2) Bank Holiday = July 01, 2004 (Thursday).
(3) If any necessity arises, the Karachi Stock Exchange reserves the right to alter or vary the above dates. In case any settlement is postponed for whatsoever reasons, the same shall take place on the next working day.