The Karachi Stock Exchange has said that two securities namely Kot Addu Power Company Limited and Dawood Hercules Limited will be excluded from the list of eligible securities for trading under Deliverable Futures Contract (DFC) and Cash Settled Futures Contract (CSF) markets based on the interim review of the uniform criteria for selection of their eligible securities.
In a notice sent to all members on Friday, the KSE said that average daily turnover of both securities less than 0.25 percent of total average volume was the reason of exclusion. The KSE also said that the said both securities will be excluded from the list of eligible securities for trading in DFC and CSF markets from the opening of DFC-July 2012 contract and CSF-September 2012 contract respectively.