Islamabad, Oct 18: BF Biosciences to Make Official Debut on PSX This Monday: Major Milestone for Pakistan’s Pharmaceutical Sector. The Pakistan Stock Exchange (PSX) will formally list BF Biosciences Limited (BFBIO) on Monday.
October 21, 2024, trading in the company’s shares will start on PSX’s Main Board and be settled on a T+2 basis. Wednesday, October 23, 2024, will be the first settlement date. One share of PKR 3 will be the company’s market lot.
The Central Depository Company of Pakistan Limited (CDC) has already deemed the company’s shares to be an acceptable security, and the National Clearing Company of Pakistan Limited (NCCPL) will handle all transaction settlements. “BFBIO” has been designated by NCCPL as the company’s security symbol and company code.
The book-building procedure will set the opening price of the company’s shares, which will be PKR 77/-per share. The company will be quoted on the Exchange’s Daily Quotation under the “Pharmaceuticals” Sector.
