Islamabad, 15 Apr, 2025: Lucky Cement shareholders and investors should prepare for a brief trading halt, as the National Clearing Company of Pakistan Limited (NCCPL) has announced a temporary suspension of LUCK shares from April 21 to April 25, 2025.
This decision follows a formal communication by the Pakistan Stock Exchange (PSX) regarding a change in the nominal value of Lucky Cement’s shares.
As per a circular released on April 11, the NCCPL has instructed all clearing participants to adhere to an updated settlement calendar across the Regular Market, Deliverable Futures Contract (DFC), and Leverage Market segments.
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For deals completed on or before April 18, all pending settlements must either be squared off or forcefully closed within the specified period, as the square-up facility will be suspended starting April 16.
Revised Settlement Timeline for Investors
Specifically, trades carried out on April 15 in the Regular and DFC segments will settle by April 17. Any outstanding share deliveries must be finalized by April 18.
It is important to note that square-up services will not be operational from April 16 to April 18, making forced closure of unresolved deliveries mandatory.
In the Leverage Market, margin-based trading through systems such as Margin Trading System (MTS), Murabaha Share Financing (MSF), Margin Financing (MFN), and Securities Lending and Borrowing (SLB) will undergo the following adjustments:
- April 14 will be the last day to open new positions, with final settlements on April 16.
- All open MTS and SLB positions will be automatically closed by April 15, with settlements processed by April 17.
- MSF trades will be force-released on April 18 and settled by April 22.
Lucky Cement Shares Barred from Collateral Use
Additionally, Lucky Cement shares pledged as collateral across all trading platforms including Regular, DFC, GEM, and Leverage segments will be ineligible as margin or security between April 16 and April 28, 2025.
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This notification, issued by Muhammad Asif, General Manager and Head of Operations at NCCPL, was also forwarded to the Securities and Exchange Commission of Pakistan, Pakistan Stock Exchange, Central Depository Company, and other financial entities involved.
