LAHORE - Lahore Stock Exchange Limited has approved the application for formal listing and quotation of shares of Hascol Petroleum Limited on completion of all formalities required under the Listing Regulations of the Exchange. It is therefore, notified that: Trading in the shares of  the Company will start on the Ready Board of the Lahore Stock Exchange from Wednesday, May 14, 2014 and all transactions taking place in respect of the above Company shall be settled on T+2 settlement basis from the above date. The first settlement date will be May 16, 2014.  The Market lot of the Company will be 500 shares of Rs. 10/- each.

 After the listing of  this company at LSE number of listed companies will be  434.
The shares of the Company have already been declared eligible security by the Central Depository Company of Pakistan Ltd. (CDC) and all the transactions shall be settled through the NCCPL, which has already assigned Company Code/Security Symbol as “HASCOL”. The opening price of shares of the Company will be Rs. 56.50 per share as determined through book building process.  Normal circuit breakers will be applicable on the opening price of shares in the Ready Market. The Company will be quoted under “Oil and Gas Marketing Companies” Sector of the Ready Board Quotation of the Exchange.