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Saturday, September 19th, 2020

The Karachi Stock Exchange (Guarantee) Limited’s list of margin eligible securities acceptable as collateral for all markets

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Karachi: In accordance with clause 4.6(f) of Regulations Governing Risk Management of the Exchange with prior approval of the Securities and Exchange Commission of Pakistan, we hereby notify the new list of Margin Eligible Securities acceptable by the Exchange as collateral as per schedule 2 and 3 of the said Regulations.

Moreover, the Securities and Exchange Commission of Pakistan (SECP) vide its letter No. SMD/SE/2(141)2008 dated July 8, 2011 approved units of CDC eligible Open-end Collective Investment Schemes categorized as Money market Schemes in accordance with the criteria prescribed by the SECP vide its circular No.7 dated March 6, 2009, acceptable as collateral against margin requirements, the list of which would be circulated within due course of time.

Further, as required under said Regulations clause 4.6(h), the Exchange is required to notify the said list at least 30 days in advance before effecting any change in the list of margin eligible securities.  In view of this, the new (attached) list of Margin Eligible Securities will be effective from August 15, 2011. Therefore, Members are hereby requested to replace their securities deposited with the Exchange which are not included in revised list before August 13, 2011, failing which the Exchange will not value such shares for deposit against margins demand.

For more information, contact:

Shafqat Ali

General Manager

Risk Management, Market Control and Surveillance

List of Margin Eligible Securities Acceptable as Collateral Based on Impact Cost 2%, Trading History 28% of 126 trading days and ADV (Lower of 0.5% Free Float and 100K) Review Period: December 1, 2010 to May 31, 2011: Effective from August 15, 2011

 

S.NO SYMBOL NAME
01. ABL Allied Bank Limited
02. AHCL Arif Habib  Corporation Limited
03. AICL Adamjee Insurance Company Limited
04. AKBL Askari Bank Limited
05. ANL Azgard Nine Limited
06. APL Attock Petroleum Limited
07. ATRL Attock Refinery Limited
08. BAFL Bank AL-Falah Limited
09. BAHL Bank AL-Habib Limited
10. BOP B.O.Punjab Limited
11. BYCO Byco Petroleum Limited
12. CPL Clariant Pakistan Limited
13. CPSL Cherat Papersack Limited
14. DAWH Dawood Hercules Limited
15. DGKC D.G.K Cement Limited
16. DOL Descon Oxychem Limited
17. ENGRO Engro Corporation Limited
18. EPCL Engro Polymer Company Limited
19. FABL Faysal Bank Limited
20. FATIMA Fatima Fertilizer Company Limited
21. FFBL Fauji Fert Bin Qasim Limited
22. FFC Fauji Fertilizer Company Limited
23. GGL Ghani Gases Limited
24. HBL Habib Bank Limited
25. HUBC Hub Power Company Limited
26. ICI ICI Pakistan Limited
27. INIL International Industries Limited
28. JSCL Jahangir Siddiqi and Company Limited
29. KAPCO Kot Addu Power Company Limited
30. LOTPTA Lotte PakPTA Limited
31. LUCK Lucky Cement Limited
32. MCB MCB Bank Limited
33. NBP National Bank of Pakistan
34. NCL Nishat (Chunian) Limited
35. NCPL Nishat Chun Power Limited
36. NETSOL Netsol Technologies Limited
37. NML Nishat Mills  Limited
38. NPL Nishat Power Limited
39. NRL National Refinery Limited
40. OGDC Oil and Gas Development Company Limited
41. PAEL Pak Elektron Limited
42. PAKRI Pak Reinsurance Limited
43. PGF PICIC Growth Fund
44. POL Pak Oilfields Limited
45. PPL Pak Petroleum Limited
46. PRL Pak  Refinery Limited
47. PSO Pakistan State Oil Company Limited
48. PTC P.T.C.L.A
49. SNGP Sui North Gas Pipelines Limited
50. SPL Sitara Peroxide Limited
51. SSGC Sui South Gas Company Limited
52. TREET Treet Corporation Limited
53. UBL United Bank Limited

 

Current List of Banks of which Bank Guarantee will be acceptable is as under:

Rating

SR. # Bank

Symbol

Bank Name

Term

Long

Term

Short

Agency

Rating
1. ABL Allied Bank Limited AA A1+ PACRA
2. AKBL Askari Bank Limited AA A1+ PACRA
3. BAFL Bank Al-Falah Limited AA A1+ PACRA
4. BAH Bank AL-Habib Limited AA+ A1+ PACRA
5. BIPL Bank Islami Pakistan Limited A A1 PACRA
6. BOK The Bank of Khyber A- A1 PACRA
7. HBL Habib Bank Limited AA+ A-1+ JCR-VIS
8. HMBL Habib Metropolitan Bank Limited AA+ A1+ PACRA
9. JSBL JS Bank Limited A A1 PACRA
10. KASB KASB Bank Limited A- A2 PACRA
11. MCB MCB Bank Limited AA+ A1+ PACRA
12. NIB NIB  Bank Limited AA- A1+ PACRA
13. SMBL SUMMIT Bank Limited A A-2 JCR-VIS
14. SNBL Soneri Bank Limited AA- A1+ PACRA
15. UBL United Bank Limited AA+ A-1+ JCR-VIS

 

Maximum Amount against which Bank Guarantee will be Acceptable based on Bank Rating will be as follow:

Bank having “A”, A+, A-   Maximum upto Rs.400 million per Member per Bank

Bank having above than “A’s” Maximum upto Rs.1.00 Billion per Member per Bank

For more information, contact:
Karachi Stock Exchange
Tel: +9221 111 001 122
Fax: +9221 3241 0825, +9221 3241 5136
Email: info@kse.com.pk
Web: www.kse.com.pk

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