PSX to launch two new ETFs this month

MG News | September 10, 2020 at 11:11 AM GMT+05:00

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September 10, 2020 (MLN): The Pakistan Stock Exchange has informed all market participants that two new ETFs namely; Meezan Pakistan ETF by Al Meezan Investment Management Limited and NBP Pakistan Growth ETF by NBP Fund Management Limited, are expected to launch this month.

The following six securities shall become part of upcoming ETFs, in addition to the existing 14 stocks that already are a part of existing ETFs:

Meezan Bank Limited (MEBL)
D.G. Khan Cement Company Limited (DGKC)
The Searle Company Limited (SEARL)
Sui Northern Gas Pipelines (SNGP)
Maple Leaf Cement Factory (MLCF)
Hascol Petroleum Limited (HASCOL)

Upon the launch of these two new ETFs, the above mentioned symbols shall be traded in a LOT size of ONE share and there shall be no ODD LOT market for these symbols.

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