Quarterly Newsletter Central Depository Company

BOUNDLESS HUES OF NATURE

Blue Shades of Determination

The ocean blankets 71% of the Earth’s surface and is the habitat for countless creatures, corals, mammals and the like, thus ensuring that life on earth and underwater runs its respective course. In addition, the ocean provides a multitude of core benefits – food, medicine, climate regulation, oxygen regeneration – which are not only essential for sustaining the planet but also open avenues for economic growth and employment.

Just as the ocean serves as an irreplaceable mammoth functioning as the driving engine of our environment, CDC serves as the driving engine of the Pakistan Capital Market, propelling the economic turbine of the country. The multifaceted organization renders unique and efficient services that are essential to all market players, re-engineering old practices and creating ease of doing business to uplift the functioning of Pakistan’s financial ecosystem.

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, 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 new Fintech initiative, Emlaak Financials, a Mutual Fund Digital Platform & Aggregator 01

CDC transforms the Dividend Disbursement process via RAAST – Pakistan’s First Instant Payment System (MPG) 02

Habib Metro Bank (HMB) also on-boarded with CDC for facilitation of Roshan Digital Accounts for Capital Market Investments 03

CDC signs agreement with NIFT for enabling digital payments for its initiative “Emlaak Financials” 03 Sessions for Market Development & Investor Awareness Professional Clearing Member: Series of Market Consultation Sessions Series of Investor Awareness Webinars Awareness Webinar in collaboration with FPCCI 04

CDS Updates and Regulatory Changes Remote Education via NMS: Vital Messages Sent to CDS Elements 05 Notice Board RTA Reconciliation for HYE and FYE Amendments in the Procedures pertaining to Assets under Custody (AuC) Regularization of Sub-Accounts where CNIC have expired Hardware and Software Requirements 06 Proposed Amendments in CDC Regulations Statistical Highlights 07 THE

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CDC launches new Fintech initiative, Emlaak Financials, a Mutual Fund Digital Platform & Aggregator

entral Depository Company While addressing the occasion, Mr. reduced turnaround times, lower costs of Pakistan Limited, Farrukh Sabzwari - Commissioner and wider outreach.” C through its subsidiary SCD SECP lauded the launch of the ITMinds Limited, has launched the MFPD platform and shared his views, At the occasion, describing the pilot version of a digital platform for commenting the following, “It is objectives of the platform, Mr. the support of the Mutual Fund indeed a very important milestone for Badiuddin Akber - CEO CDC said, industry. This platform, named as the Mutual Fund Industry as it “After the successful integration of “Emlaak Financials”, will function as embarks on this consolidated digital Roshan Digital Accounts with Capital a digital distribution channel initially distribution channel launched for the market, CDC is now launching this for Mutual Funds, and is planned to first time in Pakistan. We, at SECP, are new FinTech solution which aims to subsequently cater to other asset strong proponents of the pave the way for the growth of the classes. re-engineering processes for Mutual Fund Industry and for promoting efficiency and promoting financial inclusion in The launch of the pilot project has transparency through digitalization Pakistan at the grass-root level. CDC been officially announced and and will continue to support and is committed to providing innovative formalized in an Agreement Signing encourage all such initiatives by tech-based platforms for Capital ceremony at the CDC House, Karachi. providing all the required Regulatory Market entities through which they Mr. Farrukh Sabzwari - Commissioner assistance in this regard. Pakistan’s can leverage CDC’s technological Specialized Companies Division mutual fund segment stands at a edge to enhance their investor (SCD) SECP presided the event. In the meager 1.6 percent of the GDP, which outreach in a convenient, informative first phase, Emlaak will provide a is very low compared to the market’s and interactive manner.” low-cost and centralized solution to potential. A major obstacle in moving investors, targeting low-risk investors the needle has been limited outreach The event was also attended by in the preamble of this project’s and focus on specific market representatives of the participating launch, but will soon be expanded to a segments. The pivotal role of AMCs and CEO MUFAP, Ms. full-fledged distribution mechanism innovation in economic development Mashmooma Majeed, who applauded catering to all types of investors. To is undeniable, and I congratulate CDC CDC’s efforts in undertaking this initiate the launch, the pilot project on coming up with this innovative initiative and playing its role for the took off with five AMC’s on-boarded solution for the Mutual Fund Industry development of the mutual fund on the platform. which will lead to higher productivity, industry.

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CDC transforms the Dividend Disbursement process via RAAST – Pakistan’s First Instant Payment System (MPG)

In November 2019, State Bank of dividend to their shareholders It is indeed a landmark achievement Pakistan (SBP) announced its National annually (sometimes even bi-annually that Raast has now been launched and Payment Systems Strategy. The prime and/or quarterly), so it involves huge operational with CDC on-board for objective of this Strategy is to make volumes of cash to be processed. On the processing of all Dividend recommendations to design a an average, dividend of more than Disbursement transactions which will National Payments System complying PKR 300 billion in value and around extend the following process with international standards and best 2.5 million transactions are processed improvements: practices, tailored for specific on an annual basis. Currently, banks circumstances to establish a safe, are playing the role of Paying Agent • Availability of complete narration efficient and inclusive National and processing all the dividend in respect of dividend payments Payment Systems in Pakistan. payments electronically. However, the current dividend disbursement • CNIC pairing facility to exactly One of the major recommendations process could be further refined and identify the beneficiary under this strategy was the improved with the help of the latest introduction of a new payment technology to roll out a faster • Highly efficient with Bulk gateway, named Raast, for faster payment system that could also Processing processing and settlement of retail address the following issues: transactions. For the pilot • Highly subsidized cost structure implementation of Raast, SBP was • Absence of narrations against for Issuers looking for a use case where they transactions regarding dividend could find the following attributes: payment in the bank statement of CDC appreciates the trust placed in its the investors • Bulk availability of IBANs institution by the SBP and SECP and is • Non-availability of checking thankful for their support throughout • Large number of Payment CNIC at the beneficiary account the roll-out of the initiative. The Raast Transactions project is supported by Karandaaz level. which is actively working with the • Trusted and well prepared In this regard, CDC proactively SBP and SECP for the establishment of partner apprised SBP and sought to resolve National Digital Infrastructures and This was where CDC presented its use the issues that the investors have been has supported various other case of Dividend Disbursement to facing in receiving cash dividends. initiatives like the Secured Transaction SBP. CDC has been spearheading the Once the recommendation for Raast Registry, payment digitization, etc. use of new technology in Capital was announced, CDC took up this Karandaaz is also actively engaged Market to improve process flows and proposition with SBP to make with CDC for a Fintech infrastructure create a multidisciplinary network of “Dividend Disbursement” the first initiative for Capital Market, and CDC transparency by replacing old, case for Raast’s implementation in greatly acknowledges and appreciates obsolete and manual processes with Pakistan. In December 2019, SBP gave its support throughout Raast and all innovative, tech-based processes. In their concurrence to consider “Cash other mutual undertakings. 2017, CDC worked closely with the Dividend Disbursement” as a Issuers and SECP to pave the way for reference point, under the condition This initiative is in line with CDC’s implementation of E-Dividend that only one sole trusted party (i.e. vision and other initiatives that it has concept in Pakistan under the CDC) should deal on behalf of all taken up with the SBP for market regulatory framework of the listed Issuers. In this regard, it was development, such as the facilitation Companies (Distribution of required that CDC should have the of Roshan Digital Account (RDA) Dividends) Regulations 2017 (“the status of a “Paying Agent”, for which holders for capital market investment, Regulations”). At the same time, CDC SECP amended the Regulations by through which CDC has facilitated the introduced its “Centralized Cash allowing CDC to act as a “Paying account opening of more than 3500 Dividend Repository (CCDR)” Agent”. RDA holders bringing in an investment of more than PKR 1.2 solution wherein shareholders / For the last one year, SBP, CDC and all billion into the Capital Market. With investors can conveniently access all the major Banks have been actively the launch of Raast and its integration their current and historical dividend involved in the implementation of this in the Dividend Disbursement related information electronically. critical project. Consequently, CDC process, CDC takes yet another has successfully processed the first Dividend disbursement processing is important step towards creating Dividend payment through “Raast” a major activity where around 350 efficiency and transparency in Capital on behalf of M/s Pak Datacom dividend announcements are made by Market. various listed companies to give cash Limited” to their shareholders. 02 THE

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Habib Metro Bank (HMB) also on-boarded with CDC for facilitation of Roshan Digital Accounts for Capital Market Investments

n March 26, 2021, CDC Zehra Majeed - CEO MUFAP and NRPs digital account opening and signed an agreement with veterans of the Pakistan Capital attractive opportunities that contribute O Habib Metro Bank (HMB) for Market. toward the progress and development facilitating Non-Resident Pakistanis of their homeland, while banking with having HMB’s Roshan Digital The event was also graced by us conveniently and remotely.’ Account to invest in the Pakistan renowned Pakistan squash player Mr. Stock Market. Habib Metro Bank is Jahangir Khan as the chief guest. On Roshan Digital Account is a landmark the eighth bank to come on board the occasion of the signing ceremony, initiative by the State Bank of Pakistan with CDC for facilitation of Roshan Mohsin Ali Nathani, President & CEO to facilitate Overseas Pakistanis in digital Account holders for stock Habib Metro Bank, commented, “We opening a digital / online bank market investments. are pleased to collaborate with CDC account with SBP designated banks. for enhancing our RDA offering and The event was held at CDC House, enabling NRPs to invest in Pakistan’s attended by Mr. Moin Fudda - stock market in a hassle-free and Chairman CDC Board of Director, Mr. convenient manner.’ He added, “Habib Amjad Waheed - Chairman MUFAP, Metro and Habib Bank AG Zurich are Mr. Badiuddin Akber - CEO CDC, Mr. committed to serving our customers Mohsin Nathani - CEO Habib regardless of where they are in the Metropolitan Bank, Ms. Mashmooma world. Habib Metro’s RDA offers

CDC signs agreement with NIFT for enabling digital payments for its initiative “Emlaak Financials”

entral Depository Company Badiuddin Akber CEO – CDC at the fund aggregator platform being (CDC) is recognized as the head office of Central Depository launched in the financial landscape of C infrastructure backbone of Company (CDC). Pakistan. The launch of this platform Pakistan’s Capital Market and it is the and its integration with NIFT’s sole securities depository in the Haider Wahab CEO, NIFT stated, “We services to enable secure and swift country, while NIFT is one of the are extremely excited to be a part of payments for mutual fund investors is largest payment processors in CDC’s newly launched initiative for in-line with CDC’s vision of Pakistan. Central Depository the Mutual Fund Industry. We enhancing efficiency and ease of doing Company (CDC) and National understand that the “Emlaak business. As we move further in our Institutional Facilitation Technologies Financials” platform has an aspiring market transformation journey, we are (NIFT) signed an agreement to enable roadmap, and we look forward to confident that we can leverage this digital payments through NIFT ePay. playing our role in enabling the collaboration between CDC and NIFT This collaboration will enable the platform. NIFT will always focus to for improving and automating various investors to use NIFT ePay services partner for unique and innovative other processes and operations.” for investing into Mutual Funds using ideas which will uplift the digital CDC’s digital platform” “Emlaak transformation in Pakistan.” Financials”. Furthermore, the solution will also be facilitating CDC’s IAS At the signing ceremony, Mr. account holders to make IAS Badiuddin Akber - CEO CDC said, payments through CDC Access portal. “As we embark on this collaboration with NIFT, it gives us immense pride The agreement was signed by Mr. that we are engaging NIFT’s payment Haider Wahab CEO – NIFT and Mr. gateway for the first of its kind mutual

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Sessions for Market Development & Investor Awareness

Professional Clearing NCCPL and PSX - jointly hosted the and knowledge among the market sessions to apprise the audience participants and the general public. Member: Series of regarding PCM and share the In line with this objective, a series of Market Consultation preamble of the working model. investor awareness webinars was organized at CDC House to appraise Sessions Series of Investor the audience regarding Roshan Digital Account. Weekly sessions A series of Market Consultation Awareness Webinars were scheduled to impart knowledge Sessions was scheduled for TREC on CDC’s role in RDA Facilitation Holders in Lahore. The objective CDC has led the drive for digital and how they can trade in the Stock was to communicate the modalities transformation in Pakistan Capital Market. The following webinars of the Professional Clearing Member Market. The company strives to were held from January - March 2021 (PCM). The top SRO’s - CDC, promote financial literacy and in collaboration with other entities: awareness by imparting education

S.No. Date Description

1 Friday, 15th January 2021 Samba Bank & KASB Securities 2 Friday, 22nd January 2021 All Current Account Holders – RDA (Queries) 3 Saturday, 23rd January 2021 ICAP Bahrain Chapter, Pakistan Club of Bahrain, 4 Wednesday, 27th January 2021 HBL, PSX, Pakistan Kenya Embassy 5 Wednesday, 3rd March 2021 MCB, SBP, PSX, Pakistan USA Mission 6 Wednesday, 10th March 2021 Meezan Bank, SBP, Consulate General Of Pakistan-Houston 7 Wednesday, 10th March 2021 UBL, SBP, PSX 8 Friday, 19th March 2021 AKD Securities 9 Tuesday, 30th March 2021 FPCCI, Pakistan UK Business Council, SBP

Awareness Webinar in This RDA awareness session was Muhammad Aminuddin - Director organized with the objective of Pak-UK Business Council & CEO collaboration with enhancing awareness among TPL Insurance. Chair briefed the FPCCI overseas Pakistanis based in the participants about the benefit of the United Kingdom. The session was session and encouraged overseas CDC collaborated with Pak-UK opened by Imran Khalil Naseer - Pakistanis to make full use of the Business Council of FPCCI Chairman Pak UK Business Council product to enhance their remittances (Federation of Pakistan Chambers of and included Mr. Shafiq Shahzad - and investments into Pakistan Commerce & Industry) to organize Trade & Investment Minister at through official RDA banking an awareness session on Roshan Pakistan High Commission in channels. Digital Accounts (RDA) for overseas London (UK), Mr. Muhammad Pakistanis in United Kingdom. The Akhtar – Commercial Secretary at The event was followed by a live session was held in collaboration Consulate General of Pakistan in Q&A session with the audience who with Pakistan High Commission in Manchester, Mr. Badiuddin Akber - were actively engaged and sought United Kingdom, State Bank of CEO-CDC, Mr. Noorullah – Senior clarification of the product from the Pakistan (SBP), Securities & Exchange Joint Director Exchange Policy at panel experts. The session ended Commission of Pakistan (SECP), SBP, Mr. Farrukh Khan - CEO PSX, with a note of thanks to all the Pakistan Stock Exchange (PSX) and Syed Mohsin Ali Shah - Head of stakeholders. (HBL). Retail Products HBL and Mr. 04 THE

CUSTODIANSLATE CDS Updates and Regulatory Changes

Remote Education via NMS: Vital Messages Sent to CDS Elements

Multiple messages were sent to CDS Elements in continuation of CDC’s endeavor to educate them about their role and associated responsibilities.

Issuance of Shares through Direct Credit Under the ambit of CDC Regulations, all Public Unlisted Companies and Private Companies can opt for issuance of shares via Direct Credit into the CDS after completing requirements prescribed under CDC procedures. Issuance of Unpaid shares does not implicate obligation to do the same.

Client-level authorizations for each pledge transaction All participants are mandated to ensure that prior approval from clients is received prior to any and every pledge transaction in the favor of Eligible Pledgee by submitting a form prescribed by CDC.

Prohibition of Security handling without prescribed forms Under no circumstances are sub-account holders allowed to handle securities without prior submission of the respective forms such as Sub-Account Opening Form, Customer Relationship Form or Sahulat Account Opening Form.

Appointment of Licensed Registrar Under Share Registrar Balloters Regulations 2017, all Issuers are mandated to appoint a licensed registrar to act as a Share Registrar, provided the registrar is outsourced.

Submission of Prescribed Forms for opening a Sub-Account Participants are mandated to use the designated Customer Relationship Form or Sahulat Account Opening Form to open a Sub-Account alongside the KYC Application form in the CDS. Ensure that this is applicable at the time when the Sub-Account Holder’s UKN has not been issued.

Reconciliation of Securities in the CDS Every Issuer of CDS is hereby mandated to ensure that the number of Book-Entry Securities in the CDR should be reconciled with the number of securities in the Member’s Register maintained by the Issuer and submit the report in the CDS electronically after due verification of external auditors on an annual basis in the format prescribed by CDC.

Nomination of a Close Family Member A Sub-Account Holder can provide the number of a close-family member and grant them permit on an authority letter, on a format prescribed by CDC. The form can be obtained by the Participant for the concerned Sub-Account Holder.

Uploading details of Cash Dividend Issuers are instructed to upload the details pertaining to cash dividends within seven business days after disbursement of dividend in the manner prescribed by CDC.

Regularization of CNICs All Participants are to ensure that their Registered National ID Card (CNIC) have not expired and submitted on a timely basis as an identification document to avert any legal consequences.

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CUSTODIANSLATE Notice Board

RTA Reconciliation for HYE Regularization of a. Introduction to New Broker Regime: and FYE Sub-Accounts where CNIC Under this amendment, a set number of have expired Security Brokers shall now be categorized as Trading Only (TO), (Circular: January 08, 2021) Trading & Self Clearing (T&SC) and (Circular: February 26, 2021) Trading & Clearing (T&C), with their All issuers of securities in the CDS are respective eligibility criteria stated in the hereby mandated to provide Nominee A large number of sub-accounts exist in Regulations. Trading Only Security Holding of their respective security in the CDS wherein CNICs of sub-account Brokers shall have access to Professional the Member’s Register. Timeline for holders have expired. Participants are Clearing Member (PCM) while the reference has been given below: hereby mandated to regularize CNICs to Trading & Self-Clearing Security Brokers CDC latest by May 31, 2021 to ensure all are to settle the trades and provide the - As on last day of sixth month of identification documents are up to date, custody to them. their Financial Year, latest by 10th alleviating any possible legal business day after the end of their consequences. Senior Citizen b. Asset under Custody (AuC) Regime: half year; and Sub-Account Holders are exempt from SECP issued the revised Securities this obligation. Broker (Licensing and Operations) - As on last day of Financial Year, Regulations, 2016, whereby the Capital latest by end of 4th month from the Hardware and Software Adequacy Level (CAL) is linked with end of Financial Year, duly verified Requirements net worth of TREC Holder Participants by the external auditors. as well as prescribed Custody limit for different categories of Security Brokers. Issuers have been notified to submit (Circular: February 26, 2021) their respective reconciliations, allowing c. Consequential Changes in light of business to conduct on schedule and All CDS Elements (Account Holder, amendments in other Laws & alleviating the possibility of any given Participant, Eligible Pledgee, and Regulations: Several changes have been discrepancy. Issuer/RTA) have time and again been incorporated in the CDC Regulation, requested to ensure that their systems which include the following: Amendments in the meet the Hardware and Software Procedures pertaining to Requirements in a format prescribed by i. Securities Brokers shall pledge Assets under Custody CDC. These requirements will allow all securities in MF House Account to participants to receive any update or (AuC) Schedule Banks admitted as an information regarding CDC and utilize Eligible Pledgee, provided the the services of the CDS in an efficient financing is given by the Broker (Circular: February 4, 2021) manner. Elements can log on to Margin Financer. www.cdcpakistan.com to review In line with its resolve to provide ease of standard of compliance and further ii. Permitting TREC Participants to doing business, CDC has incorporated information. open an Investor Account with important alterations in the Procedures CDC for security transfer in the pertaining to Assets under Custody Proposed Amendments in House Account for managing (AuC). CDC has notified its respective CDC Regulations Assets under Custody. Participants to submit the due auditor’s certificate on a format prescribed by iii. Enabling provisions for handling (Circular: March 11, 2021) CDC. In case of unavailability, cases where Participant admission Participants are leveraged to either is restricted or suspended by CDC. Several amendments were proposed and provide an Annual Audited Financial were approved by the Board of Directors Statement or communicate about any of CDC. These amendments are subject change paid to the Paid-up capital to approval of the Securities and incurred during the current financial Exchange Commission of Pakistan year. Limited. The amendments are listed below:

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STATISTICAL HIGHLIGHTS AS OF DECEMBER 31, 2020

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

Participants / Prefernce Shares Account Holders 16 635 Issuers TFCs / Sukkuk Ordinary Shares 800 119 780 Open End Units

45 Pledgees 92

TRUSTEE & CUSTODIAL SERVICES

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

492 1,162 Billion

ITMINDS LIMITED

Particulars Numbers Assets Size in Millions Mutual Funds 43 100,541 Retirements Funds 19 30,648 Portfolio Clients 3 1,250 TOTAL 65 132,439

SHARE REGISTRAR SERVICES MARKET SHARE OF CDC R/TA (IN TERMS OF %) IN KSE 100 INDEX (%)

Client Companies Listed Companies 112 FAMCO 25 THK Unlisted Companies 102 CDC 12 39 No. of Mutual Funds 3 Corplink 13 Total No. of Securities 217 Others 11 Physical Folios 319,541

11 INVESTOR ACCOUNTSERVICES(IAS) AS OFMARCH31,2021 AS OFMARCH31,2021 No.ofSecurities(InBln) No.ofAccounts ACTIVATIONS (FORIASCUSTOMERS) Activation ofSMS Activation ofIVR/WEB No. ofIASAccounts

Corporate Investor Account

Individual Investor Account CUSTODIAN

1,448 Karachi

43,431 SLATE THE

554 Lahore

11,302 47,359 62,583 37,721

134 Islamabad

5,714 62,583 95.97 12 THE

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SECURITIES INDUCTED INTO CDS

S. No. Security Name Security Type Live Date 1 Limited - Tfc Series A (15-01-21) Debt Instrument 26-Jan-21 2 Panther Tyres Limited Ordinary Shares 26-Jan-21 3 Universal Network Systems Private Limited Ordinary Shares 3-Feb-21 4 Cotton Web Limited Ordinary Shares 11-Feb-21 5 HAC Agri Limited Ordinary Shares 11-Feb-21 6 HAC Agri Limited - Preference Shares Ordinary Shares 11-Feb-21 7 Ghani Chemical Industries Limited Ordinary Shares 2-Mar-21 8 Parwaaz Financial Services Limited Ordinary Shares 15-Mar-21

SECURITIES DELISTED/REVOKED FROM CDS

S. No. Security Name Security Type Delist Date 1 Limited (PPTFC-V) Debt Instrument 20-Jan-21 2 Pakistan Mobile Communications Limited – Sukuk Certificates Debt Instrument 20-Jan-21 3 TPL Corp Limited – Islamic Commercial Paper Debt Instrument 16-Feb-21 4 Sindh Leasing Company Limited Ordinary Shares 19-Feb-21 5 Habib Bank Limited - TFC Debt Instrument 18-Mar-21 6 Interloop Limited - Non-voting Ordinary Shares Ordinary Shares 18-Mar-21 7 K-electric Limited - Islamic Commercial Paper Debt Instrument 22-Mar-21

CORPORATE ACTIONS CREDIT OF NEW ISSUES/OFFER FOR SALE

S. No. Security Name Issue Type Security Type Apply Date 1. The Limited - Sukuk New Issue Certificates (3rd Issue) (2nd Tranche) Debt Instrument 22-Jan-21

2. Bank Alfalah Limited– TFC Series A (15-01-21) New Issue Debt Instrument 25-Jan-21

3. Bank Alfalah Limited– TFC Series A (15-01-21) New Issue - IPO (2nd Tranche) Debt Instrument 8-Feb-21

4. Panther Tyres Limited New Issue (Book Building & General Public Portion) Ordinary Shares 18-Feb-21

5. Bank Alfalah Limited– TFC Series A (15-01-21) New Issue - IPO (3rd Tranche) Debt Instrument 11-Mar-21

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CREDIT OF SHARES / CERTIFICATE AGAINST RIGHT ISSUE / FURTHER ISSUE

S. No. Security Name Issue Type Apply Date

1 Fauji Fertilizer Bin Qasim Limited Right Issue 14-Jan-21

2 The Searle Company Limited Right Issue 19-Jan-21

3 Pakistan Mortgage Refinance Company Limited Right Issue 20-Jan-21

4 Mitchell's Fruit Farms Limited Right Issue 25-Jan-21

5 Ghani Global Holdings Limited Right Issue 25-Jan-21

6 Avanceon Limited Further Issue (Esos) 22-Jan-21

7 Sindh Bank Limited Right Issue 4-Feb-21

8 Limited Further Issue (Esos) 8-Feb-21

9 B.R.R Guardian Modaraba Right Issue 16-Feb-21

10 Al Shaheer Coporation Limited Right Renounciable 3-Mar-21

11 Gillette Pakistan Limited Right Renounciable 4-Mar-21

12 Sindh Bank Limited Right Renounciable 8-Mar-21

13 Limited Right Renounciable 9-Mar-21

14 Universal Network Systems Limited Right Renounciable 11-Mar-21

15 Right Renounciable 16-Mar-21

16 Ghani Glass Limited Right Renounciable 18-Mar-21

17 Ghani Global Glass Limited Right Renounciable 19-Mar-21

18 Nutrico Morinaga (Private) Limited Right Renounciable 22-Mar-21

19 International Packaging Films (Pvt) Limited Right Renounciable 29-Mar-21

CREDIT OF UNPAID RIGHTS S. No. Security Name Apply Date

1 Al Shaheer Coporation Limited - LoR 8-Jan-21

2 Gillette Pakistan Limited - LoR 12-Jan-21

3 Shell Pakistan Limited – LoR 14-Jan-21

4 Loads Limited – LoR 21-Jan-21

5 Ghani Glass Limited – LoR 26-Jan-21

6 Ghani Global Glass Limited - LoR 26-Jan-21

7 Mughal Iron & Steel Industries Limited 22-Mar-21

8 Flying Cement Company Limited 31-Mar-21

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CREDIT OF BONUS ISSUE

S.No. Security Name % Of Bonus Declared Apply Date

1 Pak Datacom Limited B@10% 22-Jan-20

2 International Packaging Films (Pvt) Limited [email protected]% 1-Feb-20

3 Ghani Global Holdings Limited IB@10% 10-Feb-20

4 Mehran Sugar Mills Limited B@5% 4-Mar-20

5 Limited [email protected]% 24-Mar-20

DETAIL OF CHANGE OF R/TA (LISTED & UNLISTED) S. No. Security Name From To Effective Date

1 Biafo Industries Limited Riasat Ishtiaq Consulting F.D Registrar Services (Pvt) Limited (Pvt) Limited 22-Jan-21

2 Al Meezan Mutual Fund & Al-Meezan Investment Meezan Balanced Fund Meezan Bank Limited Management Limited 15-Mar-21

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PSX AND CDS SUMMARY AS OF MARCH 31, 2021 1 Listed Companies at PSX 532 2 Listed Capital at PSX (in Billion) 1,432.72 3 Number of Shares in the CDS (in Billion) 158.52 4 Units of Open-End funds in CDS (in Million) 376.06 5 Units of TFCs, Sukuks and Bonds in CDS (in Million) 131.25 6 Market Capitalization in PSX (in Billion) 7892.2 7 Market Capitalization of shares in CDS (in Billion) 5,396.23 8 Percentage of shares in CDS w.r.t. Share Capital* 88.58% *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) October 8,635.92 2,995.63 7,399,629.18 November 6,533.65 2,374.39 7,553,511.27 December 11,516.89 3,365.96 8,035,363.50 January 13,457.21 3,118.76 8,398,456.07 February 11,973.06 2,972.67 8,207,148.03 March 10,588.82 3,499.97 7,892,199.06

PSX 100 INDEX DURING LAST 6 MONTHS

47,000 46,385.54 46,000 44,587.85 45,000 45,865.02 44,000 43,000 43,755.38 42,000 41,000 39,888 40,000 41,068.82 39,000

October November December January February March

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01 01 02 03 03 04 05 06 19 (92-42) 36368484-5 (92-42) 36368000-3