Quarterly Newsletter Central Depository Company

Infrastructure Dam Railway Track Shipping Port Power Grids

Systems The world is connected by oceans, and modern civilization is connected by ports. Acting as a shelter to numerous boats and vessels, a Shipping Port is the largest avenue of trading in the world. Equipped with intermodal facilities, it is a place where various transportations such as rail, truck and barge ship converge, providing convenience of docking and the handling, storage and transfer of cargo. Building and maintaining Shipping Ports are necessary to the economic health of nearby communities and the nation as a whole.

Similarly, Central Depository Company (CDC) as the infrastructure backbone of Capital Market connects all the Capital Market players and stakeholders through an efficient and convenient system that secures investments and directs the nation towards progress and prosperity.

Head Office: Lahore Branch: CDC House, 99-B, Block ‘B’, S.M.C.H.S., 307, 2nd Floor, Upper Mall, Lahore - 54000. Main Shahra-e-Faisal, Karachi - 74400. Tel: (92-42) 35789378 I Fax: (92-42) 35789340 Tel: (92-21) 111-111-500 I Fax: (92-21) 34326031 Abbottabad Office: PSX Branch: 1st floor, Al-Fateh Shopping Centre, Opp. Radio Mezzanine Floor, Building Station, Mansehra Road, Abbottabad. I.I Chundrigar Road, Karachi. Tel: (92-992) 331529-31 Tel: (92-21) 32416774 I Fax: (92-21) 32444491 Email: [email protected] Islamabad Branch: Room # 410, 4th Floor, ISE Towers REIT Management URL: www.cdcpakistan.com Limited, 55-B, Jinnah Avenue, Blue Area, Islamabad. Tel: (92-51) 2895456-9 I Fax: (92-51) 2895454 Customer Support Services: 0800 – 23275 (CDCPL)

For Overseas Callers: +92 (21) 34326038 Contents 01 CDC reduces Investor Account Annual Maintenance Fee

IBAN now a mandatory requirement for maintaining account with CDC More IPOs processed through Centralized eIPO System 02 (CES)

CDC offers Online Rights Subscription service for Investor Account holders CDC offers Sub Account opening facility through Banks 03 across Pakistan CDC’s Trustee Business is On the Rise

Understanding the REIT Business 04 CDC introduces Universal Teller for R/TA services

05 CDS Updates and Regulatory Changes 06 Notice Board 07 Statistical Highlights THE

CUSTODIANSLATE CDC reduces Investor Account Annual Maintenance Fee

entral Depository Company interest. This recent Investor Account holders are also Company’s (CDC) products reduction in fee allows investors to offered free value added services that and services are developed to open and maintain an Investor include comprehensive web access, Cfacilitate Capital Market investors Account with CDC for only Rs. 550, eAlerts, SMS alerts, IVR, online and promote investor protection. instead of the previous fee of Rs. 750. transactions through web portal and Over the years, the Company has Furthermore, Investor Account mobile application. taken a series of landmark initiatives custody fee has also been reduced to encourage and assist investors in by over 11 percent. For more details contact us on their day to day activities. In line 0800-CDCPL (23275) or email with this aim, CDC has drastically This move will boost the resolve of reduced the annual maintenance fee Capital Market investors to keep their at [email protected] for its Investor Account by 27 percent, securities safe and secured with effective from July 2017. CDC’s Investor Account. The IAS Account offers investors direct access It is not the first time that CDC has to their securities, and is directly reduced tariff of its services. The operated by CDC on their Company proudly fosters a legacy of instructions. keeping investors’ benefit before

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IBAN now a mandatory requirement for maintaining account with CDC

DC’s core purpose is to investing public are available to The necessary tools for insertion of automate Capital Market facilitate payment of cash dividends IBAN have also been made available processes and make in electronic mode. in the Central Depository System Cmechanisms smooth and efficient. In (CDS) from September 14, 2017 pursuance of this aim, the Company As a result, CDC has made it (onwards) for the convenience of the had been working towards mandatory for Capital Market clients. Furthermore, subscription of introducing electronic disbursement investors to provide IBAN as part of SMS alerts for all Resident Pakistani of dividends mechanism by utilizing the registration details for opening Individuals and email alerts for modern banking channels. and maintaining Sub Account in the Foreign/Non-Resident Individuals Central Depository System (CDS). and Corporate entities has also been Recently, with the newly This amendment in CDC Regulations made mandatory to maintain promulgated Companies Act, 2017, has also been approved by Securities transparency by providing timely our efforts have been endorsed by the and Exchange Commission of update of transactions. regulatory authorities. As per Section Pakistan (SECP). 242 of the Act, it has now become Awareness sessions were also mandatory for all listed companies to This regulation will help facilitate organized for all CDS Participants pay dividends to their shareholders electronic payment of cash dividends and Global Custodians to ensure electronically. For companies to directly into the bank account of smooth implementation of this comply with this requirement it has shareholders, making the process in regulation and ensure transparency. become necessary that International line with international practices. Bank Account Number (IBAN) of More IPOs processed through Centralized eIPO System (CES) fter successfully made through Internet/Mobile • Limited processing the IPO of Ittefaq banking, ATMs etc. • JS Bank Limited Iron Industries Limited • Limited Athrough Centralized eIPO System Investors can register themselves on (CES) in May 2017, CDC also the eIPO portal (www.cdceipo.com) processed the IPOs of Pakistan Stock free of cost and get alerts of Exchange (PSX) and Habib Metro upcoming IPOs through SMS and Mudarabah in June and September e-mail. The portal is available 24/7 2017, respectively. For Habib Metro for registration. Moreover, after Mudarabah, altogether 47 percent of subscribing for an IPO, investors can the electronic IPOs were processed also track and get notified about the through the CES, which represented 8 status of their subscription. percent of the total IPOs submitted. Also, as part of an agreement CES is an initiative of CDC under between CDC and 1LINK guidance of Securities and Exchange (Guarantee) Limited payment of Commission of Pakistan (SECP) to subscription amount can be made promote investment in Capital through following 1LINK member Market of Pakistan with ease and banks: comfort. CES allows general public to submit subscription applications • Limited electronically while payments can be • Bank Islami Pakistan Limited 02 THE

CUSTODIANSLATE CDC offers Online Rights Subscription service for Investor Account holders s part of an initiative to Online Transactions service can now Rights issue offers existing automate all existing manual directly place and manage their rights shareholders the privilege to buy processes, CDC has offered subscription and cancellation additional securities in the company. Athe facility of Online Rights requests online till last day of With the issued rights, existing Subscription Request through CDC payment defined for the security. This security-holders may buy a specified Web Access portal to its Investor service aims to add ease and number of new securities at a Account holders. efficiency to the entire process of specified price within a subscription rights subscription which previously period. The shareholders have the Through the Online Rights required investors to manually option of either subscribing for the Subscription service, IAS Account submit the request at CDC offices. shares themselves or selling the right holders who have subscribed to to another investor. CDC offers Sub Account opening facility through Banks across Pakistan

DC has played a vital role in can open accounts with CDC and are available on CDC’s website providing opportunities of conduct transactions through www.cdcpakistan.com easy access to Capital Market designated UBL branches. Cfor the common investor. Continuing UBL with this resolve to increase Capital Three other banks have also joined Market outreach and convenience for this initiative - Summit Bank, Bank retail investors, CDC initiated the BankIslami Pakistan and Bank Islami Summit drive to encourage banks to offer Sub Al-Habib. These banks are providing Bank Account Opening facility through Sub Account Opening service to their CDC their branches. As a result, CDC customers all across Pakistan signed a Depository Participant including in major cities of Karachi, agreement with Lahore and Islamabad. Details of (UBL) through which UBL customers bank branches offering this service Bank Al-Habib CDC’s Trustee Business is On the Rise On part of CDC’s Trustee Business, Month-wise progress in Over the years progress chart: Custodian services have continued to Net Assets is given below: prosper. A total of 13 new As of 30th September 2017

Discretionary Portfolio (DP) clients 800 No. of DPs 782.52 Net Assets were inducted through different No. of Funds 700 Investment Advisors from July 2017 Net Assets 648.69 to September 2017, making a 600 800 793.6 528.22 portfolio of 148 clients altogether. 500 790 782.5 444.60 However, the total net assets under 780 775.3 400 336.14

custody including Collective 314.40 770 764.3 Investment Scheme remained volatile 300 760

in the first quarter of the fiscal year 169 172 200 163 151 148 138

750 130

due to volatility in Capital Market 96

740 100 65 35

and have reached to Rs. 782.5 billion 18 10 as of September 30, 2017. 0 0 2012 2013 2014 2015 2016 2017 Jun 17 Jul 17 Aug 17 Sep 17 03 THE

CUSTODIANSLATE Understanding the CDC introduces REIT Business Universal What is REIT? CDC’s Role in a Teller for Real Estate Investment Trust (REIT) is REIT R/TA services a mutual fund that focuses on DC Share Registrar investment in properties and real Like Mutual Funds, CDC also plays Services, also known as estate and derives income from such the role of a Trustee in a REIT. As a Transfer Agent or R/TA investments for its unit holders who Trustee, CDC undertakes the custody Cservices provides maintenance, are individuals as well as corporates/ of all the assets of the Scheme registration, verification and direct institutions. REIT Scheme is a listed including property along with its customer dealing and interaction closed end scheme registered with legal title, investments and its services to Share Issuing SECP under REIT Regulations 2015. ancillary income on behalf of the unit organizations and their shareholders. REITs in Pakistan have a trust holder. CDC also ensures that the CDC has taken a competitive lead in structure. The trust structure consists assets as well as the income is being the R/TA market by providing a of trustees, the REIT Management utilized by RMC as per the one-window solution to Company (RMC) and unit holders. requirements stipulated in shareholders, backed by a Regulations, Trust Deed and Business country-wide branch network and The trust is established by the RMC Plan. state-of-the-art IT infrastructure. and the trustee under Trust Act. A REIT Management Company Among various other operational Recently, to better serve customers, identifies a project and raises public responsibilities, all the instructions of Share Registrar Services introduced money through an Initial Public RMC including investment the Universal Teller concept through Offering (IPO). settlements, rent collections, dividend which counter staff at CDC House as well as expense payments are will now also facilitate clients for the executed by Trustee in accordance following Share Registrar functions: Types of REIT with the provision of the applicable Law. As a Trustee, CDC is under strict a. Transfer Deed Verification Developmental REIT Scheme: a REIT obligation to exercise due diligence in b. Deposit of Physical Securities into Scheme established for investments its role in order to protect the interest CDS in Real Estate with the objective of of the unit holder. c. Transfer of Physical Shares development of such Real Estate for d. Transmission – Deceased Cases industrial, commercial or residential Apart from this, Trustee is also e. Folio Maintenance purposes, through construction or required to issue reports on quarterly f. Non Receipt of Shares, Dividend refurbishment, and its subsequent as well as annual basis to the unit and Revalidation of Warrants sale. holders to indicate the level of g. Withdrawal , Splitting of Shares compliance and the extent of Rental REIT Scheme: a REIT Scheme violations (if any) by RMC in This initiative will offer faster established for the object of making comparison to the Business Plan. facilitation and personalized service to investment in industrial, commercial customers, saving time and effort on or residential Real Estate with the both the client’s and the Company’s purpose of generating rental income end. It will also ensure greater from it. In a Rental REIT, a fully efficiency in the entire process. constructed property is first bought by the RMC and then rented out.

Hybrid REIT Scheme: a REIT Scheme which has both Developmental component as well as a Rental component.

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CUSTODIANSLATE CDC introduces CDS Updates and Regulatory Changes Universal Amendment for Early This requirement is in place since CDS Participants were notified that Teller for inception of CDS back in 1997. keeping in view the practical Provision of Share Book difficulty faced by market R/TA services Details (SBD) Such specifications are aimed at participants, it has been decided to ensuring that CDS Elements employ extend the time period for obtaining DC Share Registrar [Circular July 11, 2017] suitable communication channel to signatures of all existing Sub Account Services, also known as interact with the Central Depository Holders on the Posted Account Transfer Agent or R/TA Clients were informed that in order to System in an efficient and smooth Report (if not already obtained) till services provides maintenance, cater to the requirement of early manner. In addition to the reliability December 31, 2017. registration, verification and direct provision of Share Book Detail (SBD) aspect, the specifications also help customer dealing and interaction for Issuers and R/TAs, CDC had enhance the security level at both The deadline has been provided in services to Share Issuing initiated a relaxation request which ends, hence making it a critical respect of Sub Accounts opened prior organizations and their shareholders. was approved by Securities and requirement. to October 2013. For new Sub CDC has taken a competitive lead in Exchange Commission of Pakistan Accounts, signature of the concerned the R/TA market by providing a (SECP). As a result, SBD will now be Thus far, these specifications were Sub Account Holder should be one-window solution to available in Central Depository part of CDC’s procedural obtained on the posted Account shareholders, backed by a System (CDS) on the first business requirement, which have now been Report generated from the CDS country-wide branch network and day of book closure instead of the incorporated under the CDC within 30 Business Days from the state-of-the-art IT infrastructure. third business day and such amendment has also been Regulations (7.1.1). As these date of opening of Sub Accounts in specifications have become a CDS. Recently, to better serve customers, incorporated in the CDCPL regulatory requirement, all CDS Share Registrar Services introduced Regulations. Elements were advised to ensure that It was also informed that the deadline the Universal Teller concept through they meet the same at all times as any of October 31, 2017 for obtaining and which counter staff at CDC House However, in case there is any update non-compliance may lead to action entering IBAN details in the CDS will now also facilitate clients for the in the Account Registration Details under the CDC Regulations. shall remain the same. following Share Registrar functions: during the Book Closure period, the impact of the same would not be The Hardware and Software a. Transfer Deed Verification reflected in the current SBD. Specifications are also available on b. Deposit of Physical Securities into CDC’s website CDS Hardware and Software www.cdcpakistan.com and can be c. Transfer of Physical Shares downloaded for information and d. Transmission – Deceased Cases Specifications for compliance. e. Folio Maintenance admission of an entity in f. Non Receipt of Shares, Dividend CDS Requirement for and Revalidation of Warrants [Circular July 24, 2017] g. Withdrawal , Splitting of Shares obtaining signatures of CDS Elements were informed that at This initiative will offer faster all Sub Account Holders the time of admission of an entity facilitation and personalized service to into the CDS in any capacity i.e. on the Posted Account customers, saving time and effort on Account Holder, Participant, Eligible Report generated from both the client’s and the Company’s Pledgee, Issuer/RTA, such entity is end. It will also ensure greater the CDS required to ensure that it meets the efficiency in the entire process. Hardware and Software [Circular September 18, 2017] Specifications as prescribed by CDC.

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Notice Board

Removal of Reason Codes strict compliance. Also, the Regulation 8.3A.1 has been Elements were also informed about amended such that it will now be a related to Global the observation that several malware discretion of Issuers / RTAs to Custodian and IDSC traffic keep originating from few CDS entertain cases where transfer Transactions Elements. It was mentioned that documents are submitted late. although CDC has taken all possible [Circular August 15, 2017] preventive measures to safeguard and thwart such malware attacks at CDS Elements were informed that its end, it is also imperative that CDS transfer of securities with respect to Elements shall ensure taking all market based transactions and/or security measures at their end to due to un-affirmed transactions in avert any of such incidents. IDSC will not be allowed in the CDS through the free delivery mechanism. Furthermore, it was informed that in The following reason codes have case of any such event, CDC may been removed w.e.f. September 1, intervene, which may even cause 2017: interruption in the business

Reason operations of the relevant CDS Reason Code Name Type of Movement Code Element. This directive was issued Global Custodian related Inter P031 market-based transactions Participant under Regulation 7.1.4 read with Transfer of securities due to Inter P034 un-affirmed transactions in IDSC Participant Regulation 7.2.2 of the CDC

Global Custodian related Regulations. A042 Intra market-based transactions Account

The discontinuation was Requirements relating to implemented in consultation with Deposit and withdrawal relevant stakeholders, including NCCPL and Global Custodian of Securities Clearing Members. [Circular September 26, 2017]

The deposit and withdrawal of Security measures for Registered-Form Eligible Securities data protection and into or from the CDS is subject to ensuring integrity or various requirements as provided under the CDC Regulations. With the orderly operations of the enactment of the Companies Act (the CDS “Act”), the time period for processing [Circular September 18, 2017] of deposit and withdrawal request transaction has changed. (Revised timeframe is provided under Sections As a measure to safeguard against 74 and 75 of the Act.) identity theft or data breaches which may severely affect business As a result, changes have been made operations in the wake of cyber in Regulations 8.3.1 and 8.7.1 of the threats, necessary guidelines were CDC Regulations. All Issuers/RTAs issued to the CDS Elements. were informed of the revised Elements were advised to ensure requirements.

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CUSTODIANSLATE STATISTICAL HIGHLIGHTS CENTRAL DEPOSITORY SYSTEM (CDS) AS ON SEPTEMBER 30, 2017

Open End Units TFCs / Sukkuk 95 35

Preference Shares Ordinary Shares 18 702

Participants / Account Holders

Issuers 555 724

Pledgees 94

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SECURITIES INDUCTED INTO CDS S. No. Security Name Security Type Live Date 1 Hub Power Services Limited Ordinary Shares 08 Aug, 2017 2 Symmetry Group Limited Ordinary Shares 16 Aug, 2017 3 Silkbank Limited - TFC Debt Instruments 29 Aug, 2017 4 Jahangir Siddiqui & Company Limited - TFC (5th Issue) Debt Instruments 24 Aug, 2017 5 The Organic Meat Company (Pvt.) Limited Ordinary Shares 07 Sep, 2017 6 Dubai Islamic Bank Pakistan Limited-Tier II Capital Sukuk Cert. Debt Instruments 11 Sep, 2017 7 Zephyr Power (Pvt.) Limited Ordinary Shares 20 Sep, 2017 8 Admore Gas (Pvt.) Limited Ordinary Shares 20 Sep, 2017 9 Interloop Dairies Limited Ordinary Shares 27 Sep, 2017 10 Nutrico Morinaga (Pvt.) Limited Ordinary Shares 27 Sep, 2017 11 Pakistan Microfinance Investment Company Limited Ordinary Shares 28 Sep, 2017 12 Habib Metro Modaraba Ordinary Shares 28 Sep, 2017 t

SECURITIES DELISTED FROM CDS S. No. Security Name Security Type Delist Date 1 Engro Eximp (Pvt.) Limited Ordinary Shares 28 Jul, 2017 2 NIB Bank Limited Ordinary Shares 12 Jul, 2017 3 Independent Media Corporation (Pvt.) Limited - TFC Debt Instruments 04 Aug, 2017 4 Limited- Islamic Rupiya - Sukuk 1 (10-06-14) Debt Instruments 16 Aug, 2017 5 Byco Terminals Pakistan Limited Ordinary Shares 08 Sep, 2017 6 Byco Oil Pakistan Limited Ordinary Shares 08 Sep, 2017

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CUSTODIANSLATE CORPORATE ACTIONS CREDIT OF NEW ISSUES/OFFER FOR SALE S. No. Security Name Issue Type Security Type Apply Date 1 Ittefaq Iron Industries Limited - (3rd Tranche) New Issue Ordinary Shares 12 Jul, 2017 2 Ittefaq Iron Industries Limited - (4th Tranche) New Issue Ordinary Shares 31 Jul, 2017 3 Roshan (2nd Tranche) New Issue Ordinary Shares 21 Aug, 2017 4 Jahangir Siddiqui & Company Limited - TFC (5th Issue) New Issue Debt Instruments 23 Aug, 2017 5 Silkbank Limited - TFC New Issue Debt Instruments 28 Aug, 2017 6 Ittefaq Iron Industries Limited - (5th Tranche) New Issue Debt Instruments 30 Aug, 2017 7 Dubai Islamic Bank Pakistan Limited-Tier II Capital Sukuk Cert. New Issue Debt Instruments 08 Sep, 2017 8 Nutrico Morinaga (Pvt.) Limited New Issue Ordinary Shares 26 Sep, 2017 9 Habib Metro Modaraba New Issue Ordinary Shares 27 Sep, 2017

CREDIT OF SHARES / CERTIFICATE AGAINST RIGHT ISSUE / FURTHER ISSUE S. No. Security Name To Effective Date 1 Metro Power Company Limited Paid Rights 07 Jul, 2017 2 Power Cement Limited Paid Rights (1st Tranche) 11 Jul, 2017 3 Aisha Steel Mills Limited Paid Rights 12 Jul, 2017 4 Power Cement Limited Paid Rights (2nd Tranche) 17 Jul, 2017 5 The Paid Rights 26 Jul, 2017 6 Ghani Glass Limited Paid Rights 27 Jul, 2017 7 Hub Power Holdings Limited Paid Rights 28 Jul, 2017 8 Sakrand Sugar Mills Limited Paid Rights 04 Aug, 2017 9 Power Cement Limited Paid Rights (3rd Tranche) 08 Aug, 2017 10 Limited Further Issue (ESOS) 08 Aug, 2017 11 Orix Leasing Pakistan Limited Paid Rights 10 Aug, 2017 12 Husein Sugar Mills Limited Paid Rights 25 Aug, 2017 13 Treet Corporation Limited Further Issue (ESOS) 28 Aug,2017 14 Limited Paid Rights 13 Sep, 2017 15 Aisha Steel Mills Limited Paid Rights (2nd Tranche) 19 Sep, 2017 16 Apna Microfinance Bank Limited Paid Rights 22 Sep, 2017

DETAIL OF PARTIAL CONVERSION AND CANCELLATION S. No. Security Name Apply Date 1 Aisha Steel Mills Limited 11 Aug, 2017 2 Aisha Steel Mills Limited - Preference Shares 11 Aug, 2017 3 Worldcall Telecom Limited 26 Sep, 2017 4 Worldcall Telecom Limited - Preference Shares (Class - B) 26 Sep, 2017

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DETAIL OF CHANGE OF R/TA (LISTED & UNLISTED) S. No. Security Name From To Effective Date 1 National Refinery Limited Central Depository Company of THK Associates Pakistan Limited - R/TA (Pvt.) Limited 11 Jul, 2017 Services Central Depository Pakistan Stock Exchange Company of Famco Associates (Pvt.) 2 02 Aug, 2017 Limited Pakistan Limited - Limited R/TA Services

Hassan Ali Rice Export Co. Hassan Ali Rice F.D. Registrar Services 3 22 Aug, 2017 Limited Export Co. Limited (SMC-Pvt.) Limited

Matco Foods 4 Matco Foods Limited THK Associates (Pvt.) Limited 28 Sep, 2017 Limited

CREDIT OF BONUS ISSUE S.No. Security Name % Of Bonus Declared Apply Date 1 The United Insurance Company of Pakistan Limited Remaining 5% of 11% Bonus Shares 03 Jul, 2017 2 Company Limited Remaining 5% of 10% Bonus Shares 04 Jul, 2017 3 IGI Life Insurance Limited Credit of 95% of 8% Bonus Shares 03 Jul, 2017 4 IGI Life Insurance Limited Remaining 5% of 8% Bonus Shares 11 Jul, 2017 5 Jauharabad Sugar Mills Limited Credit of 95% of 10% Bonus Shares 14 Jul, 2017 6 Jubilee General Insurance Company Limited Remaining 5% of 15% Bonus Shares 17 Jul, 2017 7 Avanceon Limited Remaining 5% of 25% Bonus Shares 01 Aug, 2017 8 Jauharabad Sugar Mills Limited Remaining 5% of 10% Bonus Shares 16 Aug, 2017

CREDIT OF UNPAID RIGHTS S. No. Security Name Apply Date 1 Shakarganj Limited 07 Jul, 2017 2 Hub Power Holdings Limited 11 Jul, 2017 3 Takaful Pakistan Limited 14 Jul, 2017 4 Apna Microfinance Bank Limited 14 Jul, 2017 5 Nadeem Textile Mills Limited 16 Aug, 2017 6 Macpac Films Limited 24 Aug, 2017 7 Meezan Bank Limited 29 Aug, 2017 8 Kohinoor Textile Mills Limited 12 Sep, 2017 9 Factory Limited 19 Sep, 2017 10 Cherat Packaging Limited 27 Sep, 2017 11 Limited 29 Sep, 2017 12 Fauji Foods Limited (Non-Voting Ordinary Shares) 29 Sep, 2017

10 CUSTODIAN 11 AS ONSEPTEMBER30,2017 AS ON INVESTOR ACCOUNTSERVICES (IAS) NO.OFSECURITIES(inBil) SEPTEMBER 30 SLATE THE NO.OFACCOUNTS ACTIVATIONS (FORIASCUSTOMERS) Activation ofSMS Activation ofIVR/WEB No. ofIAS Account , 2017

CORPORATE INVESTOR ACCOUNT

INDIVIDUAL INVESTOR ACCOUNT

1,156 Karachi

36,376

276 Lahore

8,910 42,043 29,226 51,535

115 Islamabad

4,702 51,535 71.280 THE

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PSX AND CDS SUMMARY AS ON SEPTEMBER 30, 2017

1 Listed Companies at PSX 561 2 Listed Capital at PSX (in Billion) 1220 3 Number of shares in CDS (in Billion) 126 4 Units of Open-End funds in CDS (in Million) 118 5 Units of TFCs, Sukuks and Bonds in CDS (in Million) 84 6 Market Capitalization in PSX (in Billion) 8,826 7 Market Capitalization of shares in CDS (in Billion) 5,441 8 Percentage of shares in CDS w.r.t. Share Capital * 85% *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) March 5,675 1,311 9,594,806 April 4,921 1,122 9,835,427 May 7,801 1,241 10,083,288 June 5,358 906 9,522,358 July 3,896 1,201 9,547,396 August 4,556 1,443 8,648,148 Source: PSX Quotation

PSX 100 INDEX DURING THE LAST 6 MONTHS 60,000 48,156 49,301 50,592 50,000 46,565 46,010 41,207 40,000 30,000 20,000 10,000

March April May June July August

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Reason Type of Movement Reason Code Name Code

P031

P034

A042

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CDS

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As of 30th September 2017

800 No. of DPs 782.52 Net Assets No. of Funds 700 Net Assets 648.69

600

800 793.6 528.22 500 790 782.5 444.60

780 775.3 400 336.14 770 764.3 314.40 300 760 169 172

200 163 151 148 138

750 130 96

740 100 65 35 18 10 0 0 2012 2013 2014 2015 2016 2017 Jun 17 Jul 17 Aug 17 Sep 17 03 THE

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550/- 750/-

01 01 02

03

04 05 06