The front regulators at Karachi Stock Exchange (KSE) have removed the Pakistan Oilfiled Limited (POL) from the list of eligible securities for contract trading under Deliverable Futures Contract (DFC) and Cash-Settled Futures (CSF) markets.
The oil giant has attracted the ire of regulators for its failure to meet the uniform criteria under which the firms listed on DFC and CSF markets must maintain on average 0.25 percent of the total average volume on the ready market of 100 selected scrips.
“Please note that (the) above security would be excluded from list of eligible securities for trading in DFC and CSF markets,” said a KSE notice issued here Friday.
The POL’s removal would take effect from the opening of DFC of June 2013 (Dec-June 2013) and CSF of July 2013 (CSF July 2013) contract, the notice said.
