Barkat Frisian Agro Limited (BFAGRO) is set to be listed on the Pakistan Stock Exchange (PSX) starting tomorrow, March 7. Trading in the company’s shares will commence on the main board of the PSX, with transactions settled on a T+2 basis, meaning the first settlement date will be March 11. The market lot for the company will consist of 1 share priced at Rs. 1 each.
The shares have already been declared eligible securities by the Central Depository Company of Pakistan Limited (CDC), and all transactions will be settled through the National Clearing Company of Pakistan Limited (NCCPL). The NCCPL has assigned the company code “BFAGRO” as its security symbol, according to a notice issued by the PSX.
The opening price for BFAGRO shares has been set at Rs. 18.2 per share, determined through the book-building process. The share registrar for the company is CDC Share Registrar Services Limited.
BFAGRO will be quoted in the “Food & Personal Care Products” sector in the daily quotations of the exchange. After reviewing the latest financial statements and the nature of the business, the company has been deemed Shariah-compliant according to the Shariah screening criteria of the KMI All Share Index. As a result, it will be included in the PSX-KMI All Share Islamic Index (KMIALLSHR) from the date of its listing.
