Burj Clean Energy Modaraba set for debut on PSX on Oct 10

MG News | October 08, 2024 at 12:16 PM GMT+05:00

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October 08, 2024 (MLN): Pakistan Stock Exchange Limited (PSX) has announced the listing of Burj Clean Energy Modaraba (GEMBCEM) on the Growth Enterprise Market (GEM) Board with effect from Thursday, October 10, 2024.

Trading in the certificates of the Modaraba will commence on the GEM Board and be settled on a T+2 basis, with the first settlement date being Monday, October 14, 2024.

The opening Price of the Modaraba will be Rs10 per certificate.

It is crucial to note that the Modaraba has already been declared as an eligible security by the Central Depository Company of Pakistan Limited (CDC) and all the transactions shall be settled through the National Clearing Company of Pakistan Limited (NCCPL).

NCCPL has assigned "GEMBCEM" to the Modaraba as their Company Code / Security Symbol.

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