MSCI: Pakistan Stock Market inclusion to start from June 1, 2017

MG News | May 19, 2017 at 03:27 PM GMT+05:00

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The MSCI Inc. has announced the implementation of their reclassified Pakistan-inclusive EM Index. The start date of this implementation has been set for June 01, 2017. Based on T+2 settlement cycle, it is expected that the related orders will be coming to the market on or before May 30, 2017.

In anticipation of substantial volumes and in light of certain classes of investors to enter the market at the closing price, the management of the Exchange is pleased to announce the introduction of a Post-Close Session, which shall be effective shortly.

The subjected Post-Close Session shall begin after 30 minutes of the Regular Market and shall last for 15 minutes, wherein, trading shall take place ONLY at the CLOSING PRICES of relevant stocks on time priority basis.

The Operations and IT department of PSX shall soon be releasing procedural modalities, including operational timings and schedule of mock session in respect of same.

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