Pakistan Stock Exchange (PSX) has approved the schedule of issue of rights shares of Crescent Star Insurance Limited. The trading in the unpaid rights of the company will start on this exchange with effect from December 12, 2017. According to a PSX notice issued Tuesday, the first settlement date will be December 14, 2017.
The unpaid rights of the company have already been declared as eligible security by the Central Depository Company of Pakistan Limited (CDC) and all the transactions will be settled through the National Clearing Company of Pakistan Limited, which has already assigned the company code/security symbol as "CSILR2".