Trading in Lucky Cement Shares to be Suspended Next Week

The National Clearing Company of Pakistan Limited (NCCPL) has announced a temporary suspension in the trading of Lucky Cement Limited (LUCK) shares from April 21 to April 25, 2025. The move follows a notice from the Pakistan Stock Exchange (PSX) regarding a change in the face value of LUCK shares. In a circular issued on April 11, NCCPL directed all clearing members to follow an adjusted clearing and settlement schedule across Regular, Deliverable Futures Contract (DFC), and Leverage Markets. For trades executed up to April 18, pending deliveries must be either squared up or closed out on specified dates, as the square-up market will not be available from April 16 onward. In particular, regular market and DFC trades conducted on April 15 will be settled on April 17, with any pending deliveries to be settled on April 18. Square-up facilities will be unavailable from April 16 to April 18, requiring all unsettled deliveries to be compulsorily closed out. In the Leverage Market segment, margin-based trading through the Margin Trading System (MTS), Murabaha Share Financing (MSF), Margin Financing System (MFN), and Securities Lending & Borrowing (SLB) will be impacted as follows: The last date for initiating new positions is April 14, with a settlement on April 16. All open positions in MTS and SLB will be force-released by the end of the day (April 15), with settlement due on April 17. MSF positions will be force-released on April 18, with corresponding settlements to take place on April 22. Additionally, NCCPL has notified that shares of LUCK held as collateral across all markets—including Regular, DFC, GEM, and Leverage—will not be accepted as eligible collateral from April 16 to April 28, 2025. The notification was issued by Muhammad Asif, General Manager and Head of Operations at NCCPL, and was also shared with the Securities and Exchange Commission of Pakistan, the Pakistan Stock Exchange, the Central Depository Company, and other relevant stakeholders.