The Securities and Exchange Commission of Pakistan (SECP) has approved 41 securities for short selling, under ready market. According to a Karachi Stock Exchange (KSE) notice, sent to all members, these securities are also eligible for Securities Lending and Borrowing (SLB). The revised list of securities, eligible for short selling under ready market, will be effective from December 16, 2011.
The 41 eligible securities for short selling under the ready market are Arif Habib Corporation (AHCL), Adamjee Insurance Company (AICL), Askari Bank (AKBL), Azgard Nine (ANL), Attock Petroleum (APL), Attock Refinery (ATRL), Bank Al Falah Limited (BAFL), Bank Al Habib (BAHL), The Bank of Punjab (BOP), Byco Petroleum Pakistan (Byco), Dawood Hercules Chemicals (DAWH), DG Khan Cement Company (DGKC), Engro Corporation (Engro), Engro Polymer & Chemicals (EPCL), Fatima Fertiliser Company (FATIMA), Fauji Fertiliser Bin Qasim (FFBL), Fauji Fertiliser Company (FFC), Hub Power Company (HUBC), ICI Pakistan (ICI), Jahangir Siddiqui and Company (JSCL), Kot Addu Power Company (Kapco), Lotte Pakistan PTA (LOTPTA), Lucky Cement (LUCK), MCB Bank (MCB), National Bank of Pakistan (NBP), Nishat (Chunian) (NCL), Nishat Chunian Power (NCPL), Netsol Technologies (Netsol), Nishat Mills (NML), Nishat Power (NPL), National Refinery (NRL), Oil & Gas Development Company (OGDC), Pakistan Reinsurance Company (PAKRI), Pakistan Oilfields (POL), Pakistan Petroleum (PPL), Pakistan State Oil Company (PSO), Pakistan Telecommunication Company (PTCL), Sui Northern Gas Pipelines (SNGPL), Sitara Peroxide (SPL), Sui Southern Gas Company (SSGC) and United Bank (UBL).