30 companies approved for badla trading

KARACHI (November 19 2003): The Securities and Exchange Commission of Pakistan (SECP) has approved the list of 30 companies to be traded in the carryover market from next month.

The KSE Governing Board of Directors last month had revised the list of 30 Carryover Transaction (COT), or commonly known as badla transaction, to be implemented from December 15, 2003, submitted to SECP for approval.

The SECP has approved the revised list of 30 COT eligible securities circulated by the Exchange last month, said Moin M Fudda, managing director of KSE.

The SECP has restricted COT eligibility to 30 scrips only. However, it has allowed inclusion of Oil & Gas Development Co (when formally listed) in the list as replacement with another eligible scrip, with prior notification to the market participants.

The 30 companies are:

– Pak Oilfields Ltd,
– Fauji Cement Ltd,
– Karachi Electric Supply Corp,
– TRG Pakistan Ltd,
– Hubco,
– PSO,
– Sui Northern Gas,
– National Bank of Pakistan,
– Engro,
– FFC Jordan,
– MCB,
– ICI,
– DG Khan Cement,
– Dewan Salman,
– Fauji Fertiliser,
– Adamjee Insurance,
– Nishat Mills,
– Telecard,
– Dewan Motors,
– Southern Electric Power,
– Japan Power,
– Maple Leaf Cement,
– Lucky Cement,
– Kohinoor Energy,
– WorldCall Communication,
– Sui Southern Gas,
– Bosicor Pakistan Ltd.

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