Quarterly Newsletter Central Depository Company

Inspired by NATURE

Leaves

Roots

Trunk

Branches

Leaves are a sign of prosperity and flourishment that foster on for its people, investors, and stakeholders, thereby building the branches of a tree. They differ in shapes, sizes and colour stronger bonds and helping to flourish the nation’s economy according to their bearer tree’s type, weather conditions and while functioning as an integral organization of nutrition. A mature tree has ample leaves that spread afar, Capital Market. creating an umbrella-like shade.

Similarly, the Central Depository Company encounters challenges yet yields pleasing results at both the customer and organizational ends. It believes in bringing fruitful tomorrows

Head Office: Lahore Branch: CDC House, 99-B, Block ‘B’, S.M.C.H.S., Main Mezzanine Floor, South Tower, LSE Plaza, 19 Shahrah-e-Faisal, - 74400. Khayaban-e-Aiwan-e-Iqbal, Lahore-54000, Pakistan Tel: (92-21) 111-111-500 I Fax: (92-21) 34326031 Tel: (92-42) 36368000-3 I Fax: (92-42) 36368484-5

PSX Branch: Email: [email protected] Mezzanine Floor, Building, URL: www.cdcpakistan.com Stock Exchange Road, Karachi. Tel: (92-21) 32416774 I Fax: (92-21) 32444491 Customer Support Services: 0800 – 23275 (CDCPL) Islamabad Branch: Room # 410, 4th Floor, ISE Towers REIT Management For Overseas Callers: +92 (21) 34326038 Limited, 55-B, Jinnah Avenue, Blue Area, Islamabad. Tel: (92-51) 2895456-9 I Fax: (92-51) 2895454 Contents CDC launches Zakat Repository System to help increase Ease of Doing Business 01

CDC collaborates with various Banks for Ef cient Payment Mechanism for its Mutual Fund and Discretionary Portfolio clients 02

CDC collaborates with EasyPaisa for IAS Payments through Mobile Wallet 03 Corporate Events and Visits 03 Awareness Sessions Investor Awareness Sessions Awareness session on Tax-Filing with ease Participant Awareness sessions 04 CDS Updates & Regulatory Changes 05 Notice Board 06 Statistical Highlights 08 THE

CUSTODIANSLATE CDC launches Zakat Repository System to help increase Ease of Doing Business

n pursuance to Zakat and Since inception, CDC always strives Through the Zakat Repository Ushr Ordinance, 1980 (the to facilitate the capital market System / functionality, Zakat Forms I “Zakat Law”), Zakat is inter investors in their respective (CZ-50) and Solemn Affirmation alia, payable on cash dividends businesses. This strive has taken a Letters of Sub-Account holders who declared by Companies. Under the faster pace with CDC’s initiatives to have opted for “Muslim Zakat Zakat Law, shareholders may claim increase Ease of Doing Business in Non-Deductible” and “Not exemption from compulsory the Capital Market in the past few Applicable” status respectively, will deduction of Zakat from dividend years. In line to this resolve, CDC be uploaded and maintained in payments by filing a copy of Zakat took an initiative and proposed the electronic form by the CDS Declaration Form on a prescribed concept of Zakat Declaration Participants and the same will be format (commonly known as Repository to the relevant Ministry available to the respective Issuers / “CZ-50”) duly attested by the notary of the Goverment of Pakistan to their Share Registrars. public OR Solemn Affirmation convert physical forms into Letter (the “Letter”) (in case of electronic form. This step was taken Non-Muslims) with the Zakat to address the following issues Benefits of the Zakat deducting agency (i.e. Issuer or its being faced by CDS Participants and Repository System: R/TA). Issuers / Share Registrars: • Reduced labor and hassle on the Ever since the launch of Central • Participants perform manual part of CDS Participants to Depository System (CDS), those activity of locating the forms for locate CZ-50 / the Letter at the Individual Shareholders who opted every security within their time of Zakat Audit. for Zakat Status marked as “Muslim record at the time of Zakat Zakat Non-Deductible or Not Audit and then provide the • Electronic availability of record Applicable” at the time of CDS same as and when required by with easy access and search Account opening / updation are the Issuers or their Registrar. options. required to submit CZ-50 (in original or attested copy) or the • Issuers / R/TAs find it a hassle • R/TA & Zakat Auditor will be Letter, as the case may be, to CDS to obtain CZ-50 / the Letter (as able to access the forms directly Participants. All physical records of applicable) from the CDS from CDS and there will be no CZ-50 or the Letter are preserved by Participants and to undertake need to request the CDS CDS Participants. Issuers/R/TAs various follow-ups in order to Participants for the same. may obtain copies of CZ-50 or the retrieve the requisite format. Letter from CDS Participants for • Increased transparency through Zakat Audit purposes in light of proper maintenance of record. Circular dated April 06, 2001.

01 THE

CUSTODIANSLATE CDC collaborates with various Banks for Ef cient Payment Mechanism for its Mutual Fund and Discretionary Portfolio clients

n continuation of its efforts This solution has been developed to for redemption and conversion of to help increase ease of transfer payments instantly into the units, dividend payments, vendor doing business in the beneficiaries’ bank accounts over a payments and transfer of funds. In country,I CDC has recently secure VPN connection and aims to the second phase, the EPM solution collaborated with various banks for bring efficiency by eliminating the will aim to automate payments their cash management services for need of any physical instrument for against brokerage, sales load & the arrangement of Efficient execution of payments. By using equity instruction, etc. The complete Payment Mechanism (EPM) for EPM, Asset Management launch of all these types of CDC’s Mutual Fund and Companies (AMCs) will be able to payments through EPM will soon Discretionary Portfolio clients. The make transactions of mutual funds enable AMCs to shift their payments EPM is designed to carry out under their management through from traditional modes to this seamless execution of transactions the modes of Interbank Fund innovative feature. through the integration of CDC’s Transfers (IBFT), Online transfers, Fund Management System with the Bankers Cheques and / or Real The highlighted benefits and banks’ systems. Time Gross Settlements (RTGS). features of the EPM solution include Currently, this solution is available the following:

Swift processing Fast batch Availability of Instrument Transition to a Free of cost without any processing Inter-Bank Fund printing facility sustainable banking portal to human Transfer and (Banker Cheque, environment by view the status of intervention RTGS Facility Corporate eliminating the transactions on Cheque, PO and need of paper real time basis Cashier Cheque) documents and generate bank statement

In the fourth quarter (Oct–Dec Following AMCs are on board with 5- AKD Investment Management 2019), CDC has signed MoUs with CDC for EPM and are reaping the Limited Bank Islami Pakistan Limited, Dubai benefits of the solution: Islamic Bank Limited and Faysal 6- Habib Asset Management Bank Limited, making it a total of 1- MCB - Arif Habib Savings and Limited four banks collaborating with CDC Investments Limited 7- National Investment Trust for EPM arrangement with the Limited following statuses: 2- NBP Fund Management Limited 8- HBL Asset Management 1- MCB Bank Limited – Live Limited operations 3- UBL Fund Managers 9- AWT Investment Limited 2- Bank Islami Pakistan Limited – Live operations started 4- Atlas Asset Management 10- Alfalah GHP Asset Management Limited Company 3- Dubai Islamic Bank Pakistan Limited – Live operations to commence soon

4- Limited – Live operations to commence soon CDC will soon be finalizing the same arrangement with Limited, JS Bank Limited and . 02 THE

CUSTODIANSLATE CDC collaborates with EasyPaisa for IAS Payments through Mobile Wallet

DC has always strived to • IAS customers can fetch details of o reside in areas that don’t have facilitate its account holders their bill dues and make the adequate commercial by introducing innovative payment. Also, they can deposit banking facilities (rural, solutionsC and has recently launched additional funds (top up) into remote areas). another convenient payment facility their IAS account. to its account holders via EasyPaisa’s o don’t own a bank account. A • This payment solution offers IAS large sector of the population Mobile Wallet. Using this service, is unbanked and rely on CDC’s Investor Account Holders can account holders the convenience of making payments through micro-finance banks such now make their account related Telenor for transactions. payments through EasyPaisa’s mobile their mobile phone. application and retailer franchises. • IAS payment option is already • This solution will also be available through banks’ online This solution offers the following facilitating IAS account holders to benefits to CDC account holders: channels (ATM, internet and make their payments through mobile banking). This is yet • Easypaisa Mobile wallet account Telenor franchises which are another alternative payment can be opened by an investor widespread across Pakistan, even solution for IAS account holders. anytime and anywhere through reaching into remote and rural their mobile phone, the only areas. requirement for which is a valid CNIC and mobile number. • The service will especially benefit those investors who: • Easypaisa App is available on both Android and iOS platforms. o don’t reside in any of the Mobile wallets are increasingly three cities where CDC offices gaining traction due to the are located (Karachi, Lahore widespread use of mobile phones. and Islamabad). Corporate events and visits Luncheon with Mr. Asad Umar – Federal Minister for Planning, Development, Reforms and Special Initiatives

luncheon meeting was Market. Mr. Badiuddin Akber, working on for stabilizing and hosted by CDC in the honor CEO-CDC, apprised him about ultimately boosting Pakistan’s A of Mr. Asad Umar, Federal CDC’s initiatives with respect to the economy. Chairman CDC Board of Minister for Planning, Capital Market as well as business Directors, Mr. Moin M. Fudda, Development, Reforms and Special diversification with an aim to play presented a memento to Mr. Asad Initiatives. CDC’s Board of Directors an active role in facilitating Ease of Umar and offered CDC’s support & Senior Management received Mr. Doing Business and helping to for mutual collaboration on market Asad Umar and had an engaging develop Pakistan’s economy. development initiatives. and insightful discussion with him Representatives of regarding CDC’s role in the Capital leading Pakistani corporates and businesses in Pakistan also graced the occasion. Mr. Asad Umar had an interactive session with the guests and discussed their concerns and the initiatives that the Government has been

03 THE

CUSTODIANSLATE Awareness Sessions

Investor Awareness Sessions In line with its vision to promote capital market awareness and help increase the investor base, CDC organized the following awareness sessions in this quarter (Oct – Dec 2019) in different cities of Pakistan:

City Venue Karachi ICMA Pakistan Islamabad ISE Towers Faisalabad Hotel One Karachi CDC House Lahore LSE Auditorium Rawalpindi Blue Lagoon

Awareness session on Tax-Filing with ease

CDC continues to financial was very well-received by the awareness by educating both capital participants who were eager to learn market participants and the general the basics of the tax-filing process. public. In accordance with its vision The participants appreciated CDC’s to play an active part in facilitating initiative and commitment for the Ease of Doing Business in Pakistan promotion of financial literacy in and creating a financially aware Pakistan. citizen base, CDC arranged an awareness session on “Tax Filing with ease” in collaboration with “BeFiler” which is a joint venture of belonging to the salaried class—as renowned tax advisors. The session, to how they can simplify their tax held at CDC House on the 23rd of filing process without engaging November 2019, was designed to expensive tax consultants. The enlighten participants—especially session, which was a full-house and those also broadcasted live as a webinar,

Participant Awareness sessions In continuation of its efforts to create awareness among the capital market participants, especially with reference to both the existing and new facilities offered by itself, CDC organized a number of awareness sessions. These sessions were specially designed to discuss in detail the features of the Zakat Repository, a new facility offered by CDC, so that participants can play an active role in making it a success. The details of these sessions are as follows:

Program City Venue Introduction of the Wednesday, December 04, 2019 CDC Lahore Branch, LSE Plaza Zakat Repository System Wednesday, December 11, 2019 ISE Towers Auditorium, Islamabad

04 THE

CUSTODIANSLATE CDS Updates & Regulatory Changes

Multiple messages were sent to CDS All participants need to ensure that latest by October 31, 2019 to CDC Elements in continuation of CDC’s they will not handle book entry through either of the following endeavor to educate them about securities from non-regularized Sub means: their roles and associated Accounts. responsibilities. • Capital Adequacy Level Responsibilities of Certificate (in original) issued Regulatory by the statutory auditors of the Issuers of CDS Participant as per Annexure-A compliance – R/TA Eligible Securities within the Procedures for AuC ; Reconciliation for FYE or and HYE September The issuers of CDS Eligible Securities are required to notify • Audited Annual Financial 30, 2019. CDC if: Statements which shall disclose Capital Adequacy Level of With reference to the CDCPL • The Issuer changes its name, TREC Holder Participant in Regulation 13.7.1, which requires registered address, year-end, Notes to the Financial issuers of securities inducted in contact person details or Statements as per Annexure-B Central Depository System (CDS) to authorized signatories; within the Procedures for AuC. provide confirmation of CDC Nominee Holding of their respective • The Issuer or its Transfer Agent IBAN for Sub security as per the record in their becomes unable or unwilling or Accounts Member Register, issuers were fails to comply with CDC requested to provide the Regulations; All CDS Elements are hereby reconciliation report through informed that it is mandatory to Central Depository System (CDS) as • Within 3 business days of provide International Bank Account per the procedure for electronic identifying any difference in the Numbers (IBAN) for the opening submission of R/TA Reconciliation number of book-entry securities and maintenance of Sub Accounts in report to ensure the timely entered in the CDR with the CDS under the CDC Regulations. compliance of the aforementioned number of securities recorded in Regulation, if applicable. its books in the name of CDC; Overnight parking of Compliance with • The Issuer changes its securities in Main hardware and Registrar/Transfer Agent; and Account software • The Issuer redeems or pays off in full any of its Redeemable Overnight parking of securities in speci cations by CDC Securities. Main Account is prohibited. CDS Elements need to ensure that no All CDS Elements are required to Timeline for shares shall remain parked in the ensure that they meet the Hardware Main Account. & Software Specifications at all submission of Capital times, as prescribed by CDC. Adequacy Level by Submission of

Handling of book TREC holder bi-annual and annual entry securities from participants R/TA Reconciliation non-regularized Report by issuers All TREC holder Participants were sub-accounts required to submit Capital Issuers are required to submit R/TA Adequacy Level as at June 30, 2019 reconciliation report on biannual

05 THE

CUSTODIANSLATE

basis within 10 business days of the initiation of a Deposit Request It was brought to the notice of the close of half year in the manner Transaction by the Account Holder, general public that the Board of prescribed by CDC in its the Issuer may, at its discretion, Directors of CDC has approved the Procedures. reject the Deposit Request following amendments in the CDC Transaction initiated by the Account regulations subject to the approval Issuers are required to submit R/TA Holder. of SECP under Section 35(1) of the reconciliation report duly verified Central Depositories Act, 1997 read by external auditors on an annual Secure Access for with Section 52(3) of the Securities basis within 4 months of the end of Act, 2015: financial year in the manner R/TA users prescribed by CDC in its • Reforms in Margin Financing Procedures. CDC always strives in providing Regime secure access of its applications to its No such reporting is required where clients. In this regard, from 7th • Option for providing mobile the securities have been fully December 2019 onwards, all R/TA number/email address of close inducted into the CDS in terms of users are requested to connect to family member issued and paid-up capital and VPN service before logging in into remain so inducted during the entire eServices portal. Since the R/TA • Outsourcing of on-site financial year. users are existing CDS clients who inspection, investigation and have already created VPN before enquiry of securities brokers to Submission of logging in into Central Depository the Securities Exchange and System, they can login into other matters, along with the Auditor’s Certi cate eServices portal with the same VPN rationale of these changes or Annual Financial connection. Extension in timelines Statement by TREC Dissemination of CDS holder participants for submission of generated account Annual Financial Under the CDC Regulations, all statements to Sub Statements or Audit Participants, who are also TREC Account holders holders of Securities Exchange, shall Certi cate for the submit the Annual Audited year ended June 30, Financial Statements which shall Participants shall ensure that CDS disclose the Capital Adequacy Level generated account balance 2019 under Asset statements are sent to all Sub of TREC Holder Participants in under Custody Notes to the Financial Statements or Account holders within 10 days of Auditor’s Certificate within four the end of each quarter. Regime (04) months of the close of each financial year in accordance with the Procedures. Notice Board [Circular: November 29, 2019] Proposed Registered Transfer Considering the practical issues amendments in the raised by various TREC Holder Documents for Participants due to non-finalization CDC Regulations Deposit Request of financial statements by their pertaining to various statutory auditors, CDC extended Transaction the date for submission of Financial matters Statements or Auditors Certificate All CDS Elements are hereby till December 16, 2019. informed that if the Registered [Circulars: October 16, 2019 and Transfer Documents are not received December 11, 2019] by the Issuer within 30 days after

06 THE

CUSTODIANSLATE

07 THE

CUSTODIANSLATE

STATISTICAL HIGHLIGHTS AS ON DECEMBER 31, 2019

CENTRAL DEPOSITORY SYSTEM (CDS) BREAKUP OF SECURITIES TYPE OF ELEMENTS

Participants / Prefernce Shares Account Holders 13 622 Issuers TFCs / Sukkuk Ordinary Shares 778 117 758 Open End Units

38 Pledgees 92

TRUSTEE & CUSTODIAL SERVICES

Total Number of Mutual Funds, Pension Funds & Discretionary Portfolios Assets under Trustee-ship

471 PKR 848 Billion

ITMINDS LIMITED

Particulars Numbers Assets Size in Millions Mutual Funds 40 54,045 Retirement Funds 17 21,965 Portfolio clients 2 831 TOTAL 59 76,841

SHARE REGISTRAR SERVICES MARKET SHARE OF CDC R/TA IN KSE 100 INDEX (IN TERMS OF %) Client Companies Listed Companies 107 FAMCO Unlisted Companies 88 15 THK CDC Total Securities 195 10 Corplink 42 Physical Folios 322,257 12 Others 21

08 CUSTODIAN 09

Engro Powergen Thar (Pvt.)Limited-SukukCertificates 7 ArtisticWind Power(Pvt.) Limited 6 ElectricLimited 5 HabibQatarInternational ExchangePakistan(Pvt.)Limited 4 K-ElectricLimited -Islamic Commercial Paper(ICP-A) 3 LunarPharma(Pvt.) LimitedOrdinary Shares 2 IncomeTax Bond 1 S.No. INVESTOR ACCOUNTSERVICES(IAS) AS ONDECEMBER31,2019 AS ONDECEMBER31,2019 SECURITIES INDUCTEDINTOCDS TheHubPowerCompany Limited-SukukCertificates(3rd Issue) 10 P rke iie AirLinkCommunication Limited 15 TPL Trakker Limited 14 KashfFoundation–PPTFC 13 Golden Arrow StockFund 12 11 K-ElectricLimited -Islamic Commercial Paper(ICP-3) 9 HBL Currency Exchange(Pvt.)Limited 8 TheHubPowerCompanyLimited-Commercial Paper(2ndIssue) SLATE THE No.ofSecurities(InBln) No.ofAccounts ACTIVATIONS (FORIASCUSTOMERS) Activation ofSMS Activation ofIVR/WEB No. ofIASAccounts

Corporate Investor Account Security Name Individual Investor Account

1,419 Karachi

38,744

536 Lahore

10,670 44,665 56,815 31,475 etIsrmns 5-Nov-19 Debt Instruments etIsrmns 20-Nov-19 11-Nov-19 Debt Instruments Debt Instruments riaySae 4-Nov-19 Ordinary Shares 24-Oct-19 Debt Instruments Ordinary 27-Nov-19 26-Nov-19 Ordinary Debt Instruments Open EndUnits 4-Nov-19 31-Oct-19 25-Oct-19 Debt Instruments 25-Oct-19 Ordinary Shares Ordinary Shares Ordinary Shares 1-Oct-19 LiveDate 21-Oct-19 Debt Instruments Security Type 131 Islamabad

5,315 56,815 87.46 13-Dec-19 5-Dec-19 THE

CUSTODIANSLATE SECURITIES DELISTED/REVOKED FROM CDS

S. No. Security Name Security Type Delist Date

1 K-Electric Limited - Islamic Commercial Paper (ICP-2) Debt Instruments 2-Oct-19 2 Golden Arrow Selected Stocks Fund Limited Close-End 25-Nov-19 Mutual Funds 3 The Limited-Sukuk Certificates (2nd Issue) Debt Instruments 21-Nov-19 CORPORATE ACTIONS CREDIT OF NEW ISSUES/OFFER FOR SALE

S. No. Security Name Issue Type Security Type Apply Date 1 K-Electric Limited - Islamic Commercial Paper (ICP-A) New Issue Debt Instruments 23-Oct-19 2 Engro Powergen Thar (Pvt.) Limited - Sukuk Certificates New Issue Debt Instruments 1-Nov-19 3 K-Electric Limited-Islamic Commercial Paper (ICP-3) New Issue Debt Instruments 4-Nov-19 4 The Hub Power Company Limited-Sukuk Certificates (3rd Issue) New Issue Debt Instruments 8-Nov-19 5 The Hub Power Company Limited - Commercial Paper (2nd Issue) New Issue Debt Instruments 19-Nov-19 6 Kashf Foundation - PPTFC New Issue Debt Instruments 26-Nov-19

CREDIT OF SHARES / CERTIFICATE AGAINST RIGHT ISSUE / FURTHER ISSUE

S. No. Security Name Issue Type Apply Date 1 Limited Further Issue 1-Nov-19 2 Lucky Electric Power Company Limited Right Issue 4-Nov-19 3 Wellinova Life Sciences (Pvt.) Limited Right Issue 7-Nov-19 4 Bank Islami Pakistan Limited Right Issue 27-Nov-19 5 Inbox Business Technologies Limited Further Issue 29-Nov-19 6 Treet Corporation Limited Further Issue 4-Dec-19 7 Hub Power Holdings Limited Right Issue 12-Dec-19 8 Pakistan Synthetics Limited Right Issue 17-Dec-19 9 Sapphire Fibres Limited Right Issue 19-Dec-19 10 Sapphire Textile Mills Limited Right Issue 19-Dec-19 11 Shadab Textile Mills Limited Right Issue 19-Dec-19 12 Lucky Electric Power Company Limited Right Issue 20-Dec-19 13 TPL Life Insurance Limited Right Issue 30-Dec-19 14 Telenor Microfinance Bank Limited Right Issue 27-Dec-19 CREDIT OF UNPAID RIGHTS S. No. Security Name Apply Date 1 Bank Islami Pakistan Limited 4-Oct-19 2 Pakistan Synthetics Limited 24-Oct-19 3 Sapphire Textile Mills Limited 28-Oct-19 4 Sapphire Fibres Limited 28-Oct-19 5 Shadab Textile Mills Limited 29-Oct-19 6 Factory Limited – LoR 11-Nov-19 7 East West Insurance Company Limited - LoR 13-Nov-19 8 Limited – LoR 28-Nov-19 9 Ghani Value Glass Limited - LoR 6-Dec-19 10 THE

CUSTODIANSLATE

CREDIT OF BONUS ISSUE

S.No. Security Name % Of Bonus Declared Apply Date 1 Waves Singer Pakistan Limited Bonus - 15% 22-Oct-19 2 International Industries Limited Bonus - 10% 25-Oct-19 3 Company Limited Bonus - 10% 28-Oct-19 4 Cherat Cement Company Limited Bonus - 10% 1-Nov-19 5 Central Depository Company of Pakistan Limited Bonus - 33.33% 5-Nov-19 6-Nov-19 6 First UDL Modaraba Bonus - 10% 6-Nov-19 7 Biafo Industries Limited Bonus - 20% 11-Nov-19 8 Bonus - 20% 12-Nov-19 9 Cherat Packaging Limited Bonus - 10% 12-Nov-19 10 EcoPack Limited Bonus - 10% 12-Nov-19 11 Javedan Corporation Limited Bonus - 10% 14-Nov-19 12 Limited Bonus - 12.5% 14-Nov-19 13 Synthetic Products Enterprises Limited Bonus - 4% 18-Nov-19 14 Company Limited Bonus - 20% 20-Nov-19 15 United Distributors Pakistan Limited Bonus - 15% 20-Nov-19 16 The General Tyre & Rubber Company of Pakistan Limited Bonus - 20% 21-Nov-19 17 Gul Ahmed Textile Mills Limited Bonus - 20% 25-Nov-19 18 Limited Bonus - 20% 27-Nov-19 19 At-Tahur Limited Bonus - 10% 28-Nov-19 20 Mahmood Textile Mills Limited Bonus - 25% 3-Dec-19 21 Service Industries Limited Bonus - 25% 17-Dec-19 22 Chaudhry Steel Re-Rolling Mills Limited Bonus - 20% 20-Dec-19 23 East West Insurance Company Limited Bonus - 20% 23-Dec-19

DETAIL OF CHANGE OF R/TA (LISTED & UNLISTED)

S. No. Security Name From To Effective Date 1 Limited THK Associates (Pvt.) Limited CDC Share Registrar 10-Nov-19 Services Limited 2 Philip Morris (Pakistan) Limited THK Associates (Pvt.) Limited CDC Share Registrar 19-Nov-19 Services Limited 3 ABL Asset Management Technology Trade (Pvt.) Limited THK Associates (Pvt.) 21-Nov-19 Company Limited Limited 4 Janana De Malucho Textile Management & Registration Vision Consulting 16-Dec-19 Mills Limited Services (Pvt.) Limited Limited

11 THE

CUSTODIANSLATE

PSX AND CDS SUMMARY AS OF SEPTEMBER 30, 2019

1 Listed Companies at PSX 534 2 Listed Capital at PSX (in Billion) 1386.6 3 Number of shares in CDS (in Billion) 146.06 4 Units of Open-End funds in CDS (in Million) 460.33 5 Units of TFCs, Sukuks and Bonds in CDS (in Million) 129.73 6 Market Capitalization in PSX (in Billion) 7,811.81 7 Market Capitalization of shares in CDS (in Billion) 4,885.37 8 Percentage of shares in CDS w.r.t. Share Capital * 88.22% *Excluding GoP holding

SHARES TRADED AT PSX DURING LAST 6 MONTHS TURNOVER OF SHARES MARKET CAPITALIZATION MONTH CLOSING READY FUTURE CONTRACT (RS. IN MILLION) (NO. IN MILLION) (NO. IN MILLION) July 2,119 1,261 6,384,299 August 2,219 1,304 6,082,043 September 2,319 1,413 6,406,553 October 4,562 2,088 6,690,045 November 6,646 2,296 7,511,969 December 7,009 2,430 7,811,812 Source: PSX Quotation

PSX 100 INDEX DURING LAST 6 MONTHS

41,000 39,288 40,735 39,000 37,000 35,000

33,000 31,938 31,930 34,204 31,000 29,672 29,000

July August September October November December

12 THE

CUSTODIANSLATE

06 THE

CUSTODIANSLATE

05 THE

CUSTODIANSLATE

04 THE

CUSTODIANSLATE

03 THE

CUSTODIANSLATE

02 THE

CUSTODIANSLATE

01 01 02 03 03 04

05 06 ﻗﺪرت ﺳﮯ ﻣﺘﺎﺛﺮ

� ��� � � � ��� �

19 (92-42) 36368484-5 (92-42) 36368000-3