KARACHI: MSCI has announced the implementation of their reclassified Pakistan-inclusive EM Index and the start date of this implementation has been set for June 1, 2017.
Based on T+2 settlement cycle, it is expected that the related orders will be coming to the market on or before May 30, 2017, a statement said. In anticipation of substantial volumes and in the light of certain classes of investors to enter the market at the closing price, the management of the exchange has introduced a Post-Close Session, which will be effective shortly.
The subjected Post-Close Session will begin after 30 minutes of the regular market and will last for 15 minutes, wherein, trading would take place only at the closing prices of relevant stocks on time priority basis.
