Latest news with #NCCPL
Business Recorder
5 days ago
- Business
- Business Recorder
Capital markets: HBL becomes first bank to partner with NCCPL
KARACHI: HBL and the National Clearing Company of Pakistan Limited (NCCPL) have signed a Memorandum of Understanding (MoU) to enhance the role of commercial banks in Pakistan's capital markets. This important agreement positions HBL as the first bank to form a partnership with NCCPL. Under this MoU, HBL aims to pursue opportunities in capital markets such as Margin Trading, evaluating the custodian clearing member's role, and utilizing NCCPL's Capital Gains Tax (CGT) services. Speaking at the ceremony, Muhammad Nassir Salim, President & CEO–HBL said, 'This partnership will enable us to provide enhanced services to our clients. In today's world, where digitization and value creation are paramount, this collaboration will be instrumental in achieving our goal of seamlessly accelerating topline growth by improving our products and service levels.' Commenting on the occasion, Naveed Qazi, CEO -NCCPL, said, 'This MoU reflects our continued efforts to foster integration between financial institutions and the capital market ecosystem. We believe this collaboration will pave the way for increased market participation and greater investor facilitation.' Copyright Business Recorder, 2025
Business Recorder
29-07-2025
- Business
- Business Recorder
February 9, 2026: PSX will adopt T+1 settlement cycle: SECP
KARACHI: In a move to modernize Pakistan's capital markets, the Securities and Exchange Commission of Pakistan (SECP) has announced that the Pakistan Stock Exchange (PSX) will adopt a T+1 (trade-plus-one) settlement cycle starting February 9, 2026. The announcement was made by SECP Chairman Akif Saeed at a high-level event in Karachi attended by representatives from PSX, National Clearing Company of Pakistan (NCCPL), Central Depository Company (CDC), PMEX, securities brokers, banks, and industry stakeholders. The shift from the current T+2 to a T+1 cycle is aimed at enhancing market efficiency, transparency, and investor protection by accelerating the settlement process and reducing exposure to credit and market risks. The faster settlement timeline is also expected to improve liquidity and reduce the chances of default due to market volatility or operational delays. Terming it a major milestone, the SECP Chairman noted that Pakistan is aligning itself with leading global markets such as the United States, China, Canada, Mexico, and Argentina—countries that have already implemented or are in the process of adopting the T+1 framework. NCCPL is spearheading the transition under SECP's direction, with a dedicated implementation committee formed to oversee the process. The committee includes representatives from SECP, capital market infrastructure institutions (CMIIs), custodian banks, and securities brokers. Consultations have also been held with foreign investors to ensure a smooth adaptation. To facilitate operational readiness, NCCPL has developed a detailed roadmap and procedural guide to help market participants identify and resolve any challenges ahead of the transition. The SECP Chairman urged all stakeholders to begin reviewing and upgrading their systems to align with the new settlement timeline. Market experts view the development as a strategic reform that underscores the growing maturity and resilience of Pakistan's financial markets. The initiative also reinforces ongoing efforts to align the capital market with international best practices. Copyright Business Recorder, 2025
Express Tribune
05-07-2025
- Business
- Express Tribune
PSX nears 132,000 as bulls charge on
Listen to article The Pakistan Stock Exchange (PSX) ended the week on a bullish note, with the benchmark KSE-100 Index gaining 0.97% on Friday to close around 131,950 points, marking a robust weekly advance of 6%. The market's upward momentum was driven by strong institutional buying, fuelled by fresh equity allocations, as reflected in data from the National Clearing Company of Pakistan Limited (NCCPL). Among the top gainers, Bank Alfalah Limited, MCB Bank Limited, National Bank of Pakistan, and Meezan Bank Limited made notable contributions, adding a combined 1,289 points to the index. "Stocks closed bullish at a new all-time high as investors weighed the rupee recovery and SBP FX reserves reaching $19.87 billion amid improved inflows and political stability," said Ahsan Mehanti, Managing Director of Arif Habib Corp. Falling government bond yields and investor speculation ahead of major earnings announcements due next week also played a catalyst role in the record close at the PSX, he added. According to AHL, the KSE-100 Index closed Friday with a rise of 0.97%. Out of the traded stocks, 60 advanced while 37 declined. Major contributors to the index included UBL (+5.7%), HBL (+5.55%), and Systems Limited (+4.68%). On the downside, FFC (-2.15%), PPL (-1.57%), and Engro Holdings (-0.83%) weighed on the index. Notably, listed companies on the PSX distributed a record Rs848.9 billion in cash dividends during FY25, reflecting a 23% year-on-year increase. With 130,000 points now forming a strong support level, further gains are expected in the coming week. At the close of trading, the KSE-100 Index surged by 1,262.41 points, or 0.97%, to settle at 131,949.07. Topline Securities noted in its market review that the KSE-100 Index largely traded in the positive zone during the session, closing at 131,949 (up 0.97%). The upward trend was attributed to institutional buying driven by new allocations to equity funds, as indicated by NCCPL data. United Bank Limited (UBL), Habib Bank Limited (HBL), Systems Limited (SYS), Bank Al Habib Limited (BAHL), MCB, National Bank Pakistan (NBP), and Meezan Bank Limited (MEBL) made the highest positive contributions, collectively adding 1,289 points to the index. In other developments, Sazgar Engineering Works Limited (SAZEW) reported its June 2025 sales, with 4-wheeler sales at 1,349 units (up 47% month-on-month and 2.55 times year-on-year), taking FY25 total sales to 10,844 units — double from the previous year. Muhammad Hasan Ather of JS Global noted that the KSE-100 Index closed the session on a strong note, gaining 1,262 points to settle at 131,949. Broad-based buying was observed across key sectors, particularly autos, banks, and power. Investor sentiment remained upbeat, supported by improved macroeconomic indicators and expectations of further monetary easing. Overall trading volume stood at 733.1 million shares, down from 899.8 million in the previous session. The value of shares traded during the day was Rs34.9 billion. Shares of 473 companies were traded. Of these, 255 closed higher, 177 declined, and 41 remained unchanged. WorldCall Telecom led the turnover with trades worth Rs58.3 million, losing Rs0.04 to close at Rs1.55. It was followed by Bank Makramah with Rs35.8 million shares, down Rs0.03 to Rs5.12, and Treet Corp with Rs29.7 million shares, up Rs1.07 to close at Rs23.93. Foreign investors sold shares worth Rs655.5 million, according to NCCPL data.
Business Recorder
28-06-2025
- Business
- Business Recorder
PACRA's shares trading to commence from Monday
LAHORE: The gong ceremony for marking the listing of Pakistan Credit Rating Agency (PACRA) will be held on the Growth Enterprise Market (GEM) Board of PSX, here at Pakistan Stock Exchange Regional Office on Monday (June 30). According to PSX sources, trading in PACRA's shares will commence on June 30 and will follow the T+2 settlement cycle, with the first settlement scheduled for Wednesday, July 2, 2025. The market lot for trading has been set at one share of Rs1 each, as per the notice issued by PSX. It may be added that the PACRA's shares have already been declared eligible securities by the Central Depository Company of Pakistan Limited (CDC), and all transactions will be cleared through the National Clearing Company of Pakistan Limited (NCCPL). The NCCPL has assigned the company code 'GEMPACRA' for trading purposes. Moreover, the opening price of the shares has been fixed at PKR 15.05 per share, as determined through the Book Building process. CDC Share Registrar Services Limited has been appointed as the share registrar for the company. The PACRA will be listed under the 'Miscellaneous' sector in the Daily Quotation of the Exchange. Copyright Business Recorder, 2025
Business Recorder
14-05-2025
- Business
- Business Recorder
Equities extend gains in Pakistan
KARACHI: The Pakistan Stock Exchange (PSX) extended its upward momentum for the second consecutive day as investors weigh Pak-India ceasefire talks fostering stability. The benchmark KSE-100 Index increased by 1,278.16 points or 1.09 percent to close at 118,576 points on Tuesday compared to 117,298 points on Monday. The intraday trading index also touched a high level of 120,067 points and low level of 116,860 points. Overall, some 684 million shares were traded down from 733 million a day earlier. Analysts said the bullish momentum from the previous session carried forward, fuelled by robust institutional buying particularly from local mutual funds, as indicated by NCCPL data. This positive sentiment propelled the benchmark index to an impressive intraday gain of 2,769 points. The key drivers of the rally included heavyweight stocks such as PPL, OGDC, LUCK, PSO, and MARI, which collectively contributed 1,177 points to the KSE-100 index's upward trajectory, they added. On Tuesday, BRIndex100 opened at 12,403.25 points and finally closed at 12,643.50, which was 240.25 points or 1.94 percent higher than previous close. Total volume at BRIndex100 was 601.262 million. BRIndex30 also gained 1,731.67 points or 4.87 percent to settle at 37,292.95 points with a total volume of 402.802 million shares. Ahsan Mehanti of Arif Habib Corp said stocks closed higher as investors weigh Pak-India ceasefire talks fostering stability and FM assurance on the thin fiscal impact of conflict. The rupee stability on easing geo political tensions & IMF loan approval, upbeat global equities and surge in global crude oil prices played a catalyst role in bullish close at PSX, he added. The overall share trading volume market decreased from 732 million to 684 million shares. However, the share trade value increased to Rs 52.58 billion on Tuesday compared to Rs. 22.204 billion a day earlier. The market capitalization increased by 189 billion to reach Rs. 14.016 trillion. WorldCall Telecom was the volume leader with around 42 million shares and closed at Rs 1.26 followed by Maple Leaf that closed at Rs 75.92 with 41 million shares. Sui South Gas ranked third with share trading of 35.7 million shares and it closed at Rs 32.79. PIA Holding Company LimitedB and Lucky Core Industries Limited the top gainers increasing by Rs 850.88 and Rs 97.35 respectively to close at Rs 9,359.63 and Rs 1,557.37, while Rafhan Maize Products Company Limited and Nestle Pakistan Limited were the top losers declining by Rs 154.22 and Rs 90.58 respectively to close at Rs 8,911.00 and Rs 7,074.09. BR Automobile Assembler Index closed at 22,336.18 points, rising by 64.45 points or 0.29 percent, with a turnover of 6.99 million shares. BR Cement Index surged to 10,140.61 points, posting a strong gain of 332.88 points or 3.39 percent, on a turnover of 125.32 million shares. BR Commercial Banks Index declined to 34,288.59 points, down 378.15 points or 1.09 percent, with 59.82 million shares traded. BR Power Generation & Distribution Index ended at 19,663.66 points, slipping by 78.19 points or 0.4 percent, with a turnover of 43.47 million shares. BR Oil & Gas Index gained 570.64 points or 5.04 percent to close at 11,882.96 points, on 123.67 million shares turnover. BR Technology & Communication Index finished at 4,867.14 points, adding 51.82 points or 1.08 percent, with 77.05 million shares traded. Analysts at JS Global said the KSE-100 Index surged 2.4 percent in intraday trading, continuing its three-session rally and nearing its all-time high of 120,796 points. The bullish sentiment follows signs of de-escalation in India-Pakistan tensions, which previously weighed on the market. Additionally, the IMF's financial support, including a fresh $1.4 billion under the Resilience and Sustainability Facility, has boosted investor confidence, they added. Copyright Business Recorder, 2025
