NCCPL suspends trading of Arif Habib Corporation shares
MG News | March 24, 2025 at 12:10 PM GMT+05:00
March 24, 2025 (MLN): The National Clearing Company of Pakistan Limited (NCCPL) has declared the suspension of trading in the shares of Arif Habib Corporation Limited (AHCL) following a change in face value.
As per the notice issued by the Pakistan Stock Exchange (PSX), trading in AHCL shares will be suspended from March 24, 2025, to March 26, 2025.
Additionally, a revised clearing and settlement schedule has been introduced for both regular and leverage markets.
For the regular market, pending deliveries for transactions dated March 18, 2025, to March 21, 2025, will be squared up or closed out on their respective settlement dates, with no availability of the square-up market on certain days.
In the leverage market, new take-up positions under Margin Financing System (MFN) and Securities Lending & Borrowing (SLB) for March 20, 2025, will not be available on March 21, 2025.
Open positions under SLB and Margin Financing System with sale/without sale will be forcibly released on March 21, 2025, with margin-financed securities transferred to relevant sub-accounts.
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