The Karachi Stock Exchange (KSE) has approved the application for formal listing and quotation of shares of Engro Polymer & Chemicals Limited on completion of all formalities required under the Listing Regulations of the Exchange.
The KSE on Wednesday notified that trading in the shares of the Engro Polymer & Chemicals Limited will start on the Exchange from July 21, 2008 and all transactions taking place in respect of the above company shall be settled on T+2 settlement basis from the said date. The first settlement date will be July 23, 2008.
All outstanding transactions up to July 18, 2008 carried out under the Regulations for Futures Trading in the provisionally-listed companies shall be settled separately on July 23, 2008 through the clearing house of the Exchange. The market lot of the company will be 500 shares of Rs 10 each.
The shares of the company have already been declared eligible security by the Central Depository Company of Pakistan Limited (CDC) and all the transactions shall be settled through NCCPL, which has already assigned company code/security symbol as 'EPCL'.
The company will be quoted under the 'chemicals' sector of the daily quotation of the Exchange. The share registrar of the company is Famco Associates (Pvt) Limited (formerly Ferguson Associates (Pvt) Limited, Karachi.