• Download the Constitution of Pakistan
  • Advertise
WRITE FOR US
Economy.pk
No Result
View All Result
  • Economy
  • Politics
  • Technology
  • Education
  • Life & Style
  • Health
  • World
  • Videos
  • Economy
  • Politics
  • Technology
  • Education
  • Life & Style
  • Health
  • World
  • Videos
No Result
View All Result
Economy.pk
No Result
View All Result
Home Business

PSX introduces 90-day futures contract

by News Desk
June 19, 2021
in Business, Economy
Reading Time: 1 min read
PSX

Pic30-042 KARACHI: June30- A trader is busy on call as resumes business at the Pakistan Stock Exchange (PSX) building after a day terrorist attack on PSX in provincial capital. ONLINE PHOTO by Sabir Mazhar

Share on FacebookShare on Twitter

The Pakistan Stock Exchange (PSX) has launched a 90-day deliverable futures contract (DFC), meaning that settlement will take place 90 days after the purchase of stock on the forward counter.

Speaking at the launch of the 90-day DFC regime and new futures eligibility criteria, PSX Managing Director Farrukh Khan termed it a positive development for the stock market as well as the capital market.

“The 90-day DFC shall open each month in such a way where the market shall have three different maturities (current month expiry, next month expiry, and last month expiry) at the start of each contract month,” he said.

“In addition to this, it will eliminate the need for a mandatory one-week rollover period as investors can roll over their existing positions any time before expiry, which will alleviate the rollover week pressure to some extent,” Khan said.

Tags: 90-dayDFCPakistan Stock ExchangePSXPSX Managing Director Farrukh Khan
News Desk

News Desk

Related Posts

Is Pakistan launching digital currency?

Is Pakistan launching digital currency?

After excellent development in digital banking, the State Bank of Pakistan (SBP) plans to establish a digital currency in the...

Pakistan to Kick off Barter Trade with Iran, Russia and Afghanistan

Pakistan to Kick off Barter Trade with Iran, Russia and Afghanistan

The federal government has recently introduced a 'Business-to-Business (B2B) Barter Trade Mechanism' for trade with Iran, Afghanistan, and Russia. This...

Intra-day update: rupee remains stable against US dollar

Intra-day update: rupee remains stable against US dollar

The Pakistani rupee remained slowly unchanged against the US dollar on Friday, falling approximately 0.06% during interbank trading. Around 12...

CDWP Approves 10 Projects Worth Rs114.5 Billion

CDWP Approves 10 Projects Worth Rs114.5 Billion

The Central Development Working Party (CDWP), chaired by Federal Minister for Planning, Development & Special Initiatives Ahsan Iqbal, convened to...

Pakistan set to secure new IMF bailout package: sources

Pakistan set to secure new IMF bailout package: sources

Pakistan intends to secure a new bailout from the IMF. Preparations have been underway by the Ministry of Finance to...

Intra-day update: rupee strengthens against US dollar

Intra-day update: rupee strengthens against US dollar

The Pakistani rupee strengthened against the US dollar, gaining roughly 0.1% during the first hours of trade in the interbank...

Next Post
Ebrahim Raisi

PM Imran congratulates newly elected Iran president Ebrahim Raisi

Please login to join discussion

Recent Posts

  • PM Shehbaz Sharif lands in Ankara to attend Erdogan’s inauguration
  • T20 Blast: Shaheen Afridi hits four sixes, scores 29 off 11 balls
  • Microsoft expands AI infrastructure with CoreWeave investment
  • PM directs for preparing export-oriented development budget 2023-24
  • Elon Musk again crowned world’s richest person

Advertisement

Twitter

Economy.pk

Economy.pk is a source of economic, political, business, finance, health and sports updates.

Categories

  • Economy
  • Politics
  • Technology
  • Education
  • Life & Style
  • Health
  • World
  • Videos

Privacy & Legal

  • Privacy Policy
  • Cookies

Social Media

  • Facebook
  • Instagram
  • Twitter
  • Linkedin
  • About
  • Advertise
  • Contact

© 2023 Economy.pk

No Result
View All Result
  • VIDEOS
  • World
    • Europe
    • Americas
    • Asia
    • Oceania
    • Africa
    • Middle East
  • Finance
  • Politics
  • Business
    • Economy
    • Finance
    • Entrepreneurship
    • Real Estate
  • Technology
    • Cyber Security
    • Mobiles
    • Social Media
  • Education
  • Sports
  • Life & Style
    • Personalities
    • Art
    • Culture
    • History
    • Entertainment
    • Fashion
    • Food
    • Health
      • Environment
      • Fitness
  • Sponsored

© 2023 Economy.pk