Karachi: Habib Metro Modaraba’s application has been accepted by Pakistan Stock Exchange (PSX) on Thursday and now it is set to get formally listed and trading is set to begin on October 6th of its shares.
A PSX notification read trading in the certificates of the modaraba is set to begin on Ready Board of the Exchange from 6th October 2017. October 10th has been marked as the first settlement date and market lot of modaraba is going to be 500 certificates of Rs10 each.
Profit had reported in mid-September that Habib Metro Modaraba was seeking to get listed on PSX and in March this year SECP had issued a formal authorization to Habib Metropolitan Modaraba Management Company (Private) Limited (HMMMCPL), a wholly owned subsidiary company of Habib Metropolitan Bank Limited (HMBL), to float another modaraba of Rs300 million under the name of “Habib Metro Modaraba
