Lahore Stock Exchange Limited (LSE) has approved the application for formal listing and quotation of shares of Engro Fertilizers Limited on completion of all formalities required under the Listing Regulations of the Exchange. 

According to a notification issued in this regard, trading in the shares of the company will start on the Ready Board of the Exchange from Friday, January 17, 2014 (today) and all transactions taking place in respect of the Engro Fertilizers Limited shall be settled on T+2 settlement basis from the above date. 

The first settlement date will be January 21. The market lot of the company will be 500 shares of Rs 10 each. The shares of the company have already been declared eligible security by the Central Depository Company of Pakistan Ltd (CDC) and all the transactions shall be settled through the National Clearing Company of Pakistan (NCCPL), which has already assigned company Code, Security Symbol as ‘EFERT’. The opening price of shares of the company will be Rs 28.25 per share as determined through book building process. Normal circuit breakers will be applicable on the opening price of shares in the Ready Market. 

Copyright Business Recorder, 2014

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