Fast Cables set to make PSX debut on June 10

MG News | June 07, 2024 at 11:40 AM GMT+05:00

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June 07, 2024 (MLN): Pakistan Stock Exchange Limited (PSX) has announced the listing of Fast Cables Limited (FCL) with effect from i.e. Monday, June 10, 2024, on the Exchange.

Trading in the company's shares will commence on the PSX Main Board and be settled on a T+2 basis, with the first settlement date being Wednesday, June 12, 2024.

The opening Price of the company's shares will be Rs10 per share.

Moreover, the company will be quoted in the "Cable & Electrical Goods" sector in the Daily Quotation of the Exchange.

It is crucial to note that the shares of the company have 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 "FCL" to the company as their company code/security symbol.

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