NCCPL changes the criteria of marketable lots for all NCSS eligible securities
MG News | December 14, 2020 at 04:12 PM GMT+05:00
December 14, 2020 (MLN): The National Clearing Company of Pakistan Limited (NCCPL) has determined and notified the marketable lots of all NCSS eligible securities based on the following criteria:
| Market Price Ranges | Marketable Lots |
|---|---|
| Upto Rs. 100 | 500 shares |
| Above Rs. 100 and upto Rs. 500 | 100 shares |
| Above Rs. 500 and upto Rs. 1000 | 50 shares |
| Above Rs. 1,000 | 20 shares |
In addition to the above, marketable lots will be reviewed by NCCPL on six monthly basis on the market value as of the first business day of June and December, and in case of any change in the marketable lots for any particular securities (ies) the revised marketable lots will be effective from the first business day of July and January respectively.
Accordingly, after applying the above criteria, the marketable lots of 24 NCSS live securities will be impacted. NCCPL has therefore requested PSX to change the marketable lots in its respective systems effective from January 1, 2021.
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