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

=============================================================
CLEARING SCHEDULE FOR T+3 SYSTEM SEPTEMBER & OCTOBER 2004
=============================================================
TRANSACTION     TRANSACTION   SETTLEMENT           SETTLEMENT
DATE            DAY           DATE                        DAY
=============================================================
24.09.2004      Friday           29.09.2004         Wednesday
27.09.2004      Monday           30.09.2004          Thursday
28.09.2004      Tuesday          01.10.2004            Friday
29.09.2004      Wednesday        04.10.2004            Monday
30.09.2004      Thursday         05.10.2004           Tuesday
01.10.2004      Friday           06.10.2004         Wednesday
04.10.2004      Monday           07.10.2004          Thursday
05.10.2004      Tuesday          08.10.2004            Friday
06.10.2004      Wednesday        11.10.2004            Monday
07.10.2004      Thursday         12.10.2004           Tuesday
08.10.2004      Friday           13.10.2004         Wednesday
11.10.2004      Monday           14.10.2004          Thursday
12.10.2004      Tuesday          15.10.2004            Friday
13.10.2004      Wednesday)*
14.10.2004      Thursday)        19.10.2004           Tuesday
15.10.2004      Friday           20.10.2004         Wednesday
18.10.2004      Monday           21.10.2004          Thursday
19.10.2004      Tuesday          22.10.2004            Friday
20.10.2004      Wednesday        25.10.2004            Monday
21.10.2004      Thursday         26.10.2004           Tuesday
22.10.2004      Friday           27.10.2004         Wednesday
25.10.2004      Monday           28.10.2004          Thursday
26.10.2004      Tuesday          29.10.2004            Friday
27.10.2004      Wednesday        01.11.2004            Monday
28.10.2004      Thursday         02.11.2004           Tuesday
29.10.2004      Friday           03.11.2004         Wednesday
=============================================================

NOTES:
(1) Subject to appearance of MOON
(2) No COT Release and open market COT Session will be available on 13.10.2004 (Wednesday).
(3) *INcase 1st Ramzan falls on Sunday 17.10.2004, the Bank may remain closed for public dealing on Monday 18.10.2004.
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.