April 15, 2024 (MLN): All Regular market symbols which are currently traded in lot sizes of 20, 50, 100 and 500 shares, will be converted into lot size of one share and these symbols will be discontinued in ODD Lot market accordingly, said a notice issued by the Pakistan Stock Exchange (PSX).
To note, this is with reference to the amendments in PSX Regulations, as approved by SECP in relation to marketable lot size of one share.
Currently, there are 90 symbols which are already being traded in lot size of one share.
This transition will take place in batches on a weekly basis.
The implementation will start from April 22, 2024 and will be completed in a total of six batches.
Companies with lot sizes of 20, 50 and 100 shares are divided into 1 single batch due to nominal contribution % in terms of total trades of REG market.
The list of companies to be converted into one share lot effective April 22, 2024 are provided in the PSX notice.
The remaining batch wise list of companies will be notified to the market before each implementation.
All REG market symbols including GEM symbols will become part of this transition.
Equities ETFs (UBLPETF, NITGETF, NBPGETF, MZNPETF, JSMFETF, ACIETF, JSGBETF and MIIETF) and Fixed Income ETF (HBLTETF) will not be part of this transition and will continue to trade in a lot size of 500 shares.
Resultantly, the mentioned above ETFs will remain available in ODD Lot market.
Deliverable Future Contracts (DFCs) and initial public offer (IPO), where 500 shares lot size is applicable, will remain continue with lot size of 500 shares.
