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

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CLEARING SCHEDULE FOR T+3 SYSTEM
FOR THE MONTHS OF DECEMBER 2005 & JANUARY 2006
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TRANSACTION     TRANSACTION      SETTLEMENT           SETTLEMENT
DATE            DAY              DATE                        DAY
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21.12.2005      Wednesday        26.12.2005               Monday
22.12.2005      Thursday         27.12.2005              Tuesday
23.12.2005      Friday           28.12.2005            Wednesday
26.12.2005      Monday           29.12.2005             Thursday
27.12.2005      Tuesday          30.12.2005               Friday
28.12.2005      Wednesday
29.12.2005      Thursday         03.01.2006              Tuesday
30.12.2005      Friday           04.01.2006            Wednesday
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NOTES:
1) No CFS Release and CFS market will be available on 28.12.2005 (Wednesday).
2) HOLIDAY:
Brithday of Quaid-e-Azam & Chritmas 25.12.2005 (Sunday)
Bank Holiday 02.01.2006 (Monday)
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.