PSX lists Mughal Iron & Steel class ‘C’ shares

MG News | June 16, 2025 at 04:18 PM GMT+05:00

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June 16, 2025 (MLN): Pakistan Stock Exchange Limited has declared the listing of Class 'C' Ordinary Shares of Mughal Iron & Steel Industries Limited (PSX: MUGHAL), effective Tuesday, June 17, 2025.

Trading in the Class “C” shares will commence on the PSX Main Board on the same day and will follow a T+2 settlement cycle, with the first settlement date set for Thursday, June 19, 2025.

The market lot will consist of 1 Class “C” share of Rs10/- each, according to the notification issued by PSX.

These shares have already been declared an eligible security by the Central Depository Company of Pakistan Limited (CDC), and transactions will be settled through the National Clearing Company of Pakistan Limited (NCCPL).

The security symbol assigned by NCCPL for the Class “C” shares is “MUGHALC.”

The opening price for Class “C” shares has been set at Rs45/- per share, as announced by Mughal Iron & Steel Industries Limited and disseminated through PUCARS on June 13, 2025.

THK Associates (Pvt.) Limited will serve as the share registrar for the company.

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