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 2007 & JANUARY 2008
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TRANSACTION     TRANSACTION      SETTLEMENT           SETTLEMENT
DATE            DAY              DATE                        DAY
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12.12.2007     Wednesday         14.12.2007               Friday
13.12.2007     Thursday          17.12.2007               Monday
14.12.2007     Friday            18.12.2007              Tuesday
17.12.2007     Monday            19.12.2007            Wednesday
18.12.2007     Tuesday           24.12.2007               Monday
19.12.2007     Wednesday         26.12.2007            Wednesday
20.12.2007     Thursday)         27.12.2007             Thursday
24.12.2007     Monday)
26.12.2007     Wednesday         28.12.2007               Friday
27.12.2007     Thursday          31.12.2007               Monday
28.12.2007     Friday
31.12.2007     Monday            02.01.2008            Wednesday
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NOTES:
1) Subject to appearance of Moon.
2) Open market CFS Session will not be available on 20 December 2007 (Thursday) & 28 December, 2007 (Friday).
3) Holiday: Eid-ul-Azha 10th, 11th & 12th Zilhajj
20.12.2007(Thursday), 21.12.2007(Friday) & 22.12.2007(Saturday)
OR
21.12.2007(Friday), 22.12.2007(Saturday) & 23.12.2007(Sunday)
Birthday of Quiad-e-Azam & Christmas = 25.12.2007 (Tuesday)
Bank Holiday = 01.01.2008 (Tuesday).
4) 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.