The Karachi Stock Exchange (KSE) has approved the application for formal listing and quotation of shares of Fatima Fertiliser Company Limited (FFCL) on the completion of all formalities required under the Listing Regulation of the exchange. On Wednesday notified that trading in the shares of the company will start on the ready board of the exchange from March 08, 2010 and all transactions taking place in respect of the said company shall be settled on T+2 settlement basis from the said date.
The first settlement date will be March 10, 2010. All the outstanding transactions up to March 05, 2010 carried out under the Regulations for Futures Trading in the provisionally listed companies shall be settled separately on Wednesday, March 10, 2010 through National Clearing Company of Pakistan Limited (NCCPL). The market lot of the company will be one share 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 the NCCPL, which has already assigned company code/security symbol as "FATIMA". The company will be quoted under Chemicals sector of the daily quotation of the exchange.