Removal of CFS upper limit
August 11, 2007The Securities and Exchange Commission of Pakistan (SECP) has announced to lift the upper limit of Rs 55 billion of CFS for all scrips, subject to certain conditions. The regulator has divided the CFS-eligible scrips into two categories, A and B, and prescribed new trading and financing regulations…
The SECP announced the eligibility criteria for 43 scrips (category A) eligible in CFS market and declared that the companies that have average daily impact cost of less that one percent, based on daily impact cost on an order size of Rs 500,000 during the review period, traded on more that 90 percent of the trading days during the review period, have free float of more than 20 percent of issued capital or 50 million free float shares, having average daily turnover of more than 500,000 shares during the review period and operating profit before tax in the last three full years of operations would be eligible for unlimited funding under CFS.
The category "A" scrips are including Pak Petroleum, P.S,O, National Bank, Lucky Cement, Engro Chemical, Bank of Punjab, MCB Bank, OGDC, Pak Oilfields, D.G.K Cement, Askari Bank, Nishat Mills, Fauji Fertiliser, Fauji Fert Bin Qasim, Hub Power, Adamjee Insurance, Arif Habib Sec., Allied Bank Ltd, Bank Al-Falah, Pioneer Cement, P.T.C.L.A, Maple Leaf Cement, Bank AL-Habib, Saudi Pak Bank, Sui North Gas, Faysal Bank, Bosicor Pakistan, Kot Addu Power, Azgard Nine, Dewan Cement, WorldCall Telecom, Fauji Cement, Stand. Chart Bank, Sui South Gas, Habib Metro Bank, Telecard, Soneri Bank, JS Bank Ltd, Cherat Cement, NIB Bank, Bank Of Khyber, Al-Abbas Cement and Meezan Bank.
The category "B" scrips are including Bankislami Pak, Kohinoor Textile, Cres. Comm Bank, Atlas Bank Ltd, Mybank Ltd, New Jubilee Life Assurance, Colony Mills Ltd, Attock Petroleum, Attock Refinery, BOC (PAK), Chenab Limited, Callmate Telips, Dewan Motors, Dewan Salman, EFU General Ins, Ferozsons (Lab), F. Nar Equities, ICI Pakistan, Indus Motor, K.E.S.C, Kohat Cement, Millat Tractors, Nishat (Chunian), Netsol Technologies, Pak Elektron, Pakistan Cables, Pakistan Cement, P.I.A.C. (A), PICIC Bank, P.I.C.I.C, Packages Limited, Pak PTA Ltd, Prime Bank, Pak Refinery, Pak Suzuki, Security Paper, Siddiqsons Tin plate, Thal Limited and TRG Pakistan. For more details see : http://news.aaj.tv/news.php?pg=2&show=detail&nid=75501
