MARKET
INFORMATION
Pakistan Stock Exchange Limited (PSX)
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Trading Hours |
From
Monday
Till
Thursday
On Friday |
Pre-open session |
09:15 - 09:30 |
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Open |
09:30 |
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Close |
15:30 |
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Post close market |
Open |
16:00 |
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Close |
16:15 |
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AM Session |
PM Session |
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Pre-open session |
09:00 - 09:15 |
14:15 - 14:30 |
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Continuous Trading |
9:15 - 12:00 |
14:30 - 16:30 |
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Post close market |
Open |
17:00 |
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Close |
17:15 |
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Time Zone |
GMT+5 |
Trading Days |
Monday – Friday |
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Trading Currency |
Pakistani Rupee (PKR) | |||
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Main Index
|
1) KSE All Share Index | |||
| Reuters code | KSI | |||
| Bloomberg code | KSE | |||
| 2) KSE100 index | ||||
| Reuters code | KSE | |||
| Bloomberg code | KSE100 | |||
| Exchange Code
|
Reuters | .PK | ||
| Bloomberg | PA | |||
| Trading ID/ Trading Requirements | Local custody details and Unique Identification Number (UIN) |
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| Settlement Cycle | T+2 | Current Index Status | MSCI FM FTSE EM |
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| Market Cap | $32.1bn | |||
Average Daily Value Traded
| Year | AVG VALUE TRADED |
|---|---|
|
2021 |
$105.3mn |
|
2022 |
$34.4mn |
|
2023 |
$35.9mn |
MARKET
DYNAMICS
Stock Limit Up/Down
7.5% or PKR 1/share whichever is higher
Tick Size
PKR 0.01
Board Lot
| Stock Price | Lot Size/Shares | |
| From | To | |
| Below PKR 100 | 500 | |
| 100 | 500 | 100 |
| 500 | 1,000 | 50 |
| Above PKR 1,000 |
20 | |
(Odd Lot Board available)
Official Closing Price
VWAP of the last 30 mins
Iceberg
Allowed
Crosses
Crossing can be done by the same broker for both the buyer and seller during the regular trading hours. Crosses will be executed according to regular order matching principles prescribed for all KATS Orders.
Off Market crosses
Negotiated Deals board is available with the following criteria:
1) Open time as the regular market but closes at 17:00
2) It must be between two separate brokerage houses otherwise the trade will be treated as a normal cross trade. (its only applicable for locals and foreign clients are exempted from this)
1) Open time as the regular market but closes at 17:00
2) It must be between two separate brokerage houses otherwise the trade will be treated as a normal cross trade. (its only applicable for locals and foreign clients are exempted from this)
3) There is no price protection on negotiated deals.
4) There is no minimum volume requirement.
5) It can be an odd lot.
4) There is no minimum volume requirement.
5) It can be an odd lot.
MARKET
REGULATIONS
Foreign Ownership Restriction
No FOL apply. Foreigners can own up to 100% of all listed stocks except for banks and insurance companies where a 5% ownership limit is applied.
Disclosure Rules
At 10% ownership of any non-banking/insurance company, a public disclosure is required. Incase the company in question is a bank or an insurance company then the disclosure will be required at 5% ownership.
Securities Lending
permitted
Short selling
permitted with strict requirements.
Crossing Restrictions
None
Timeline for New NIN Setup
Normally 24 hours but can take up to 72 hours.
MARKET
FEES & TAXES
| Market Fees | 13% Sindh Sales Tax (SST) of the local brokerage commission Sub/Acc opening charges: PKR 400/year |
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| Other charges |
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| Withholding Tax | None | ||||||
| Capital Gain Tax | It varies from 0% to 20% depending on holding period and tax filing status Please contact us for more details. |
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| Dividend Tax | 15% for tax filer 30% for non - filer |
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| Minimum commission (regulated) |
0.15% or PKR 0.03/share (whichever is higher) | ||||||
| *Tax filer is an investor whose name appears in the active taxpayers list issued by the Federal Board of Revenue. Foreigner investors can also apply for tax enrollment through their tax consultants. The tax rates for filers are normally less than non-filers to encourage investors to report their income/returns to the local authorities. | |||||||