Pakistan Stock Exchange Limited - | PSX | Product And Services

Overview

Designated Market Makers [DMM] have a contractual obligation under a Designated Market Maker agreement to provide binding quotes (bid and/or offer prices) for certain securities during the trading day. DMMs are important for maintaining the structure of an exchange and to ensure smooth flow of orders.

PSX recognizes that DMM play an important role in providing liquidity to the market. Authorized Market Makers contribute to Pakistan’s financial market quality by providing improved liquidity and price efficiency. PSX provides the trading platform / Regulates Trading and Market Making activities of DMM.

Equity Securities Market Making

Debt Securities Market Making

DMM OBLIGATIONS
Quoting	Two-Sided Quote, 85% of time during normal Trading hours
Size & Spread	Maximum 6% Bid Ask spread.
Quote Size	Bid / Ask Quotes should be of minimum 500 ETF Shares
Order Replenishment	In case of an order getting filled, DMM should replenish the order within 3 minutes.

DMM OBLIGATIONS
Quoting	Two-Sided Quote, 85% of time during normal Trading hours
Size & Spread	Maximum 3% Bid Ask spread.
Quote Size	Bid / Ask Quotes should be of minimum 500 ETF Shares
Order Replenishment	In case of an order getting filled, DMM should replenish the order within 3 minutes.

DMM OBLIGATIONS
Quoting	Two-Sided Quote, 85% of time during normal Trading hours
Size & Spread	Maximum 0.10% Bid Ask spread.
Quote Size	Bid / Ask Quotes should be of minimum 500/- (Share)
Order Replenishment	In case of an order getting filled, DMM should replenish the order within 3 minutes.

List of Assigned Securities
S. No:	DMM Name	Assigned Securities
S. No:	Security Code	ETF Type	Security Name
1.	JS Global Capital Limited
1.	UBLPETF	Equity Based	UBL Pakistan Enterprise Exchange Traded Fund
2.	NITGETF	Equity Based	NIT Pakistan Gateway Exchange Traded Fund
3.	MZNPETF	Equity Based	Meezan Pakistan Exchange Traded Fund
4.	NBPGETF	Equity Based	NBP Pakistan Growth Exchange Traded Fund
5.	JSMFETF	Equity Based	JS Momentum Factor Exchange Traded Fund
6.	ACIETF	Equity Based	Alfalah Consumer Index Exchange Traded Fund
7.	JSGBETF	Equity Based	JS Global Banking Sector Exchange Traded Fund
8.	MIIETF	Equity Based	Mahaana Islamic Index Exchange Traded Fund
2.	Adam Securities Limited
1.	UBLPETF	Equity Based	UBL Pakistan Enterprise Exchange Traded Fund
2.	MZNPETF	Islamic Based	Meezan Pakistan Exchange Traded Fund
3.	MIIETF	Equity Based	Mahaana Islamic Index Exchange Traded Fund
3.	Habib Bank Limited
1.	HBLTETF	Debt Based	HBL Total Treasury Exchange Traded Fund

Broker Market Makers	Non-Broker Market Makers
Arif Habib Limited	Bank Alfalah
BMA Capital Management Ltd.	The Bank of Punjab
JS Global Capital Limited	Meezan Bank Limited
Next Capital Limited	Pak Oman Investment Company Limited
Topline Securities Ltd.	Pak Brunei Investment Company Limited
	JS Bank Limited
	Habib Bank Limited
	BankIslami Pakistan Limited
	National Bank of Pakistan
	Bank AL Habib Limited
	Pak Kuwait Investment Company (Pvt.) Limited
	Faysal Bank Limited
	Pair Investment Company Limited

List of Assigned Securities – Corporate Debt Securities
S. No:	DMM Name	Assigned Securities
S. No:	Security Code	Security Name
1.	JS Global Capital Limited
1.	BIPLSC	BankIslami Ehad Sukuk
2.	Arif Habib Limited
1.	HUBCSC2	The Hub Power Company Limited-Sukuk
2.	KELSC5	K- Electric Limited – Sukuk V
3.	HBLTFC2	Habib Bank Limited – ADT 1 TFC

3.	Meezan Bank Limited
1.	PESC1	Pakistan Energy (Sukuk-1) Power Holding Limited
2.	PESC2	Pakistan Energy (Sukuk-II) Power Holding Limited
4.	BankIslami Pakistan Limited
1.	PESC1	Pakistan Energy (Sukuk-1) Power Holding Limited
2.	PESC2	Pakistan Energy (Sukuk-II) Power Holding Limited
5.	BMA Capital Management Ltd
1.	UBLTFC5	United Bank Limited (5th Issue)
2.	AGSILSC	Agha Steel Industries Limited
6.	Next Capital Limited
1.	SNBLTFC3	Soneri Bank Limited (3rd Issue)
2.	-	-
7.	Topline Securities Ltd
1.	AKBLTFC6	Askari Bank Limited (6th Issue)
2.	-	-

List of Assigned Securities – Government Debt Securities
S. No:	DMM Name	Assigned Securities
S. No:	Security Code	Security Name
1.	Bank Alfalah Ltd
1.	3-M T-Bills	Treasury Bills
2.	6-M T-Bills	Treasury Bills
3.	12-M T-Bills	Treasury Bills
4.	3 year PIB	Pakistan Investment Bond
5.	5 year PIB	Pakistan Investment Bond
2.	The Bank of Punjab
1.	Latest 3-M T-Bills	Treasury Bills
2.	Latest 6-M T-Bills	Treasury Bills
3.	Latest 12-M T-Bills	Treasury Bills
4.	Latest 3 year PIB	Pakistan Investment Bond
5.	Latest 5 year PIB	Pakistan Investment Bond
6.	Latest 5 year Ijara Sukuk VRR	Ijara Sukuk
3.	Meezan Bank Limited
1.	GIS Discount Issue Date 11-Dec-2023	P01GIS091224
2.	GIS Discount Issue Date 24-Jan-2024	P01GIS220125
3.	GIS VRR Issue Date 24-Jan-2024	P03VRR240127
4.	GIS FRR Issue Date 24-Jan-2024	P03FRR240127
5.	GIS VRR Issue Date 24-Jan-2024	P05VRR240129
6.	GIS FRR Issue Date 24-Jan-2024	P05FRR240129
7.	GIS Discount Issue Date 21-Feb-2024	P01GIS190225
8.	GIS Discount Issue Date 15-Mar-2024	P01GIS140325
9.	GIS Discount Issue Date 29-Mar-2024	P01GIS280325
10.	GIS Discount Issue Date 09-Apr-2024	P01GIS080425
11.	GIS Discount Issue Date 26-Apr-2024	P01GIS250425
12.	GIS Discount Issue Date 10-May-2024	P01GIS090525
13.	GIS VRR Issue Date 10-May-2024	P03VRR100527
14.	GIS FRR Issue Date 10-May-2024	P03FRR100527
15.	GIS VRR Issue Date 10-May-2024	P05VRR100529
16.	GIS FRR Issue Date 10-May-2024	P05FRR100529
17.	GIS Discount Issue Date 24-May-2024	P01GIS230525
18.	GIS VRR Issue Date 30-Apr-2020	Govt. Ijara Sukuk
19.	GIS VRR Issue Date 29-Jul-2020	Govt. Ijara Sukuk
4.	Pak Oman Investment Company Limited
1.	Latest 3-M T-Bills	Treasury Bills
2.	Latest 6-M T-Bills	Treasury Bills
5.	Pak Brunei Investment Company Limited
1.	Latest 3-M T-Bills	Treasury Bills
2.	Latest 6-M T-Bills	Treasury Bills
3.	Latest 12-M T-Bills	Treasury Bills
6.	JS Bank Limited
1.	On the Run 3 Months Tbill	Treasury Bill
2.	On the Run 6 Months Tbill	Treasury Bills
3.	On the Run 12 Months Tbill	Treasury Bills
4.	On the Run Fixed 3 Year PIB	Pakistan Investment Bond
5.	On the Run Fixed 5 Year PIB	Pakistan Investment Bond
6.	On the Run Fixed 10 Year PIB	Pakistan Investment Bond
7.	Habib Bank Limited
1.	Latest 3-M T-Bills	Treasury Bills
2.	Latest 6-M T-Bills	Treasury Bills
3.	Latest 12-M T-Bills	Treasury Bills
4.	Latest 3 year PIB	Pakistan Investment Bond
5.	Latest 5 year PIB	Pakistan Investment Bond
6.	Latest 10 year PIB	Pakistan Investment Bond
8.	National Bank of Pakistan
1.	On the Run 3 Months Tbill	Treasury Bills
2.	On the Run 6 Months Tbill	Treasury Bills
3.	On the Run 12 Months Tbill	Treasury Bills
4.	On the Run Fixed 3 Year PIB	Pakistan Investment Bond
5.	On the Run Fixed 5 Year PIB	Pakistan Investment Bond
6.	On the Run Fixed 10 Year PIB	Pakistan Investment Bond
9.	Bank AL Habib
1.	On the Run 6 Months Tbill	Treasury Bills
10.	Pak Kuwait Investment Company (Pvt.) Limited
1.	Latest 6 months Tbill	Treasury Bill
2.	Latest 12 months Tbill	Treasury Bill
11.	Faysal Bank Limited
1.	GIS VRR Issue Date 06-Oct-2021	Govt. Ijara Sukuk
2.	GIS VRR Issue Date 29-Oct-2021	Govt. Ijara Sukuk
12.	Pair Investment Company Limited
1.	3-M T-Bills	Treasury Bills
2.	6-M T-Bills	Treasury Bills

DMM OBLIGATIONS
Quoting	Two-Sided Quote, 75% of time during the regular Trading hours
Spread	Maximum 0.25% Bid-Ask spread
Minimum Inventory	0% of Debt Security
Quote Size	Bid / Ask Quotes should be of minimum/- (PKR 5mn)
Order Replenishment	In case of an order getting filled, DMM should replenish the order within 2 minutes.

DMM OBLIGATIONS
Quoting	Two-Sided Quote, 75% of time during the regular Trading hours
Spread	Maximum 0.25% Bid-Ask spread
Minimum Inventory	0% of Debt Security
Quote Size	Bid / Ask Quotes should be of minimum/- (PKR 5mn)
Order Replenishment	In case of an order getting filled, DMM should replenish the order within 2 minutes.

DMM OBLIGATIONS
Quoting	Two-sided Quote, 75% of time during the regular Trading hours.
Spread	Maximum 0.25% Bid-Ask Spread
Minimum Inventory	No specific Level
Quote Size	Bid / Ask Quotes should be of minimum PKR 5 Million
Order Replenishment	In case of order getting filled, DMM should replenish the order within 3 minutes
Maximum Purchase or Sale	50% during a single trading day.

DMM OBLIGATIONS
Quoting	Two-Sided Quote, 75% of time during the regular Trading hours
Spread	Maximum 0.20% Bid-Ask spread
Minimum Inventory	No speific level.
Quote Size	Bid / Ask Quotes should be of minimum/- PKR 04 Million
Order Replenishment	In case of an order getting filled, DMM should replenish the order within 3 minutes.
Maximum Purchase or Sale	50% during a single trading day.

DMM OBLIGATIONS
Quoting	Two-Sided Quote, 75% of time during the regular Trading hours.
Spread	Maximum 0.20% Bid-Ask spread.
Minimum Inventory	No speific level.
Quote Size	Bid / Ask Quotes should be of minimum/- PKR 05 Million.
Order Replenishment	In case of an order getting filled, DMM should replenish the order within 3 minutes.
Maximum Purchase or Sale	50% during a single trading day.

DMM OBLIGATIONS
Quoting	Two-sided Quote, 75% of time during the regular Trading hours.
Spread	Maximum 0.25% Bid-Ask Spread
Minimum Inventory	No specific Level
Quote Size	Bid / Ask Quotes should be of minimum PKR 5 Million.
Order Replenishment	In case of order getting filled, DMM should replenish the order within 3 minutes
Maximum Purchase or Sale	50% during a single trading day.

DMM OBLIGATIONS
Quoting	Two-Sided Quote, 75% of time during the regular Trading hours.
Spread	Maximum 0.20% Bid-Ask spread.
Minimum Inventory	No speific level.
Quote Size	Bid / Ask Quotes should be of minimum/- PKR 5 Million.
Order Replenishment	In case of an order getting filled, DMM should replenish the order within 3 minutes.
Maximum Purchase or Sale	50% during a single trading day.

DMM OBLIGATIONS
Quoting	Two-Sided Quote, 75% of time during the regular Trading hours.
Spread	Maximum 0.20% Bid-Ask spread.
Minimum Inventory	No speific level.
Quote Size	Bid / Ask Quotes should be of minimum/- PKR 5 Million.
Order Replenishment	In case of an order getting filled, DMM should replenish the order within 3 minutes.
Maximum Purchase or Sale	50% during a single trading day.

DMM OBLIGATIONS
Quoting	Two-sided Quote, 75% of time during the regular Trading hours.
Spread	Maximum 0.25% Bid-Ask Spread
Minimum Inventory	Nil
Quote Size	Bid / Ask Quotes should be of minimum PKR 5 Million.
Order Replenishment	In case of order getting filled, DMM should replenish the order within 3 minutes
Maximum Purchase or Sale	50% during a single trading day

DMM OBLIGATIONS
Quoting	Two-Sided Quote, 75% of time during the regular Trading hours.
Spread	Maximum 0.25% Bid-Ask spread.
Minimum Inventory	No speific level.
Quote Size	Bid / Ask Quotes should be of minimum/- PKR 5 Million.
Order Replenishment	In case of an order getting filled, DMM should replenish the order within 3 minutes for government debt securities.
Maximum Purchase or Sale	50% during a single trading day.

DMM OBLIGATIONS
Quoting	Two-Sided Quote, 75% of time during the regular Trading hours.
Spread	Maximum 0.25% Bid-Ask spread.
Minimum Inventory	No speific level.
Quote Size	Bid / Ask Quotes should be of minimum/- PKR 5 Million.
Order Replenishment	In case of an order getting filled, DMM should replenish the order within 3 minutes for government debt securities.
Maximum Purchase or Sale	50% during a single trading day.

DMM OBLIGATIONS
Quoting	Two-Sided Quote, 75% of time during the regular Trading hours.
Spread	Maximum 1.50% Bid-Ask spread for Corporate Debt, 0.25% Bid Ask spread for Government Debt Securities.
Minimum Inventory	Not Applicable.
Quote Size	Bid / Ask Quotes should be of minimum PKR 2.50 Million.
Order Replenishment	In case of an order getting filled, DMM should replenish the order within 10 Minutes for Corporate Debts and 3 minutes for GDS Securities.
Maximum Purchase or Sale	50% during a single trading day.

DMM OBLIGATIONS
Quoting	Two-Sided Quote, 75% of time during the regular Trading hours.
Spread	Maximum 1.50% Bid-Ask spread for Corporate Debt, 0.25% Bid Ask spread For Government Debt Securities.
Minimum Inventory	Not applicable
Quote Size	Bid / Ask Quotes should be of minimum PKR 2.50 million
Order Replenishment	In case of an order getting filled, DMM should replenish the order within 10 Minutes for Corporate Debt and 3 Minutes for GDS Securities.
Maximum Purchase or Sale	50% during a Single trading day

Overview

Equity Securities Market Making

Debt Securities Market Making

DMM OBLIGATIONS
Quoting	Two-Sided Quote, 85% of time during normal Trading hours
Size & Spread	Maximum 6% Bid Ask spread.
Quote Size	Bid / Ask Quotes should be of minimum 500 ETF Shares
Order Replenishment	In case of an order getting filled, DMM should replenish the order within 3 minutes.

DMM OBLIGATIONS
Quoting	Two-Sided Quote, 85% of time during normal Trading hours
Size & Spread	Maximum 3% Bid Ask spread.
Quote Size	Bid / Ask Quotes should be of minimum 500 ETF Shares
Order Replenishment	In case of an order getting filled, DMM should replenish the order within 3 minutes.

DMM OBLIGATIONS
Quoting	Two-Sided Quote, 85% of time during normal Trading hours
Size & Spread	Maximum 0.10% Bid Ask spread.
Quote Size	Bid / Ask Quotes should be of minimum 500/- (Share)
Order Replenishment	In case of an order getting filled, DMM should replenish the order within 3 minutes.

List of Assigned Securities
S. No:	DMM Name	Assigned Securities
S. No:	Security Code	ETF Type	Security Name
1.	JS Global Capital Limited
1.	UBLPETF	Equity Based	UBL Pakistan Enterprise Exchange Traded Fund
2.	NITGETF	Equity Based	NIT Pakistan Gateway Exchange Traded Fund
3.	MZNPETF	Equity Based	Meezan Pakistan Exchange Traded Fund
4.	NBPGETF	Equity Based	NBP Pakistan Growth Exchange Traded Fund
5.	JSMFETF	Equity Based	JS Momentum Factor Exchange Traded Fund
6.	ACIETF	Equity Based	Alfalah Consumer Index Exchange Traded Fund
7.	JSGBETF	Equity Based	JS Global Banking Sector Exchange Traded Fund
8.	MIIETF	Equity Based	Mahaana Islamic Index Exchange Traded Fund
2.	Adam Securities Limited
1.	UBLPETF	Equity Based	UBL Pakistan Enterprise Exchange Traded Fund
2.	MZNPETF	Islamic Based	Meezan Pakistan Exchange Traded Fund
3.	Habib Bank Limited
1.	HBLTETF	Debt Based	HBL Total Treasury Exchange Traded Fund

Broker Market Makers	Non-Broker Market Makers
Arif Habib Limited	Bank Alfalah
BMA Capital Management Ltd.	The Bank of Punjab
JS Global Capital Limited	Meezan Bank Limited
Next Capital Limited	Pak Oman Investment Company Limited
Topline Securities Ltd.	Pak Brunei Investment Company Limited
	JS Bank Limited
	Habib Bank Limited
	BankIslami Pakistan Limited
	National Bank of Pakistan
	Bank AL Habib Limited
	Pak Kuwait Investment Company (Pvt.) Limited
	Faysal Bank Limited
	Pair Investment Company Limited

List of Assigned Securities – Corporate Debt Securities
S. No:	DMM Name	Assigned Securities
S. No:	Security Code	Security Name
1.	JS Global Capital Limited
1.	BIPLSC	BankIslami Ehad Sukuk
2.	Arif Habib Limited
1.	HUBCSC2	The Hub Power Company Limited-Sukuk
2.	KELSC5	K- Electric Limited – Sukuk V
3.	HBLTFC2	Habib Bank Limited – ADT 1 TFC

3.	Meezan Bank Limited
1.	PESC1	Pakistan Energy (Sukuk-1) Power Holding Limited
2.	PESC2	Pakistan Energy (Sukuk-II) Power Holding Limited
4.	BankIslami Pakistan Limited
1.	PESC1	Pakistan Energy (Sukuk-1) Power Holding Limited
2.	PESC2	Pakistan Energy (Sukuk-II) Power Holding Limited
5.	BMA Capital Management Ltd
1.	UBLTFC5	United Bank Limited (5th Issue)
2.	AGSILSC	Agha Steel Industries Limited
6.	Next Capital Limited
1.	SNBLTFC3	Soneri Bank Limited (3rd Issue)
2.	-	-
7.	Topline Securities Ltd
1.	AKBLTFC6	Askari Bank Limited (6th Issue)
2.	-	-

List of Assigned Securities – Government Debt Securities
S. No:	DMM Name	Assigned Securities
S. No:	Security Code	Security Name
1.	Bank Alfalah Ltd
1.	3-M T-Bills	Treasury Bills
2.	6-M T-Bills	Treasury Bills
3.	12-M T-Bills	Treasury Bills
4.	3 year PIB	Pakistan Investment Bond
5.	5 year PIB	Pakistan Investment Bond
2.	The Bank of Punjab
1.	Latest 3-M T-Bills	Treasury Bills
2.	Latest 6-M T-Bills	Treasury Bills
3.	Latest 12-M T-Bills	Treasury Bills
4.	Latest 3 year PIB	Pakistan Investment Bond
5.	Latest 5 year PIB	Pakistan Investment Bond
6.	Latest 5 year Ijara Sukuk VRR	Ijara Sukuk
3.	Meezan Bank Limited
1.	GIS Discount Issue Date 11-Dec-2023	P01GIS091224
2.	GIS Discount Issue Date 24-Jan-2024	P01GIS220125
3.	GIS VRR Issue Date 24-Jan-2024	P03VRR240127
4.	GIS FRR Issue Date 24-Jan-2024	P03FRR240127
5.	GIS VRR Issue Date 24-Jan-2024	P05VRR240129
6.	GIS FRR Issue Date 24-Jan-2024	P05FRR240129
7.	GIS Discount Issue Date 21-Feb-2024	P01GIS190225
8.	GIS Discount Issue Date 15-Mar-2024	P01GIS140325
9.	GIS Discount Issue Date 29-Mar-2024	P01GIS280325
10.	GIS Discount Issue Date 09-Apr-2024	P01GIS080425
11.	GIS Discount Issue Date 26-Apr-2024	P01GIS250425
12.	GIS Discount Issue Date 10-May-2024	P01GIS090525
13.	GIS VRR Issue Date 10-May-2024	P03VRR100527
14.	GIS FRR Issue Date 10-May-2024	P03FRR100527
15.	GIS VRR Issue Date 10-May-2024	P05VRR100529
16.	GIS FRR Issue Date 10-May-2024	P05FRR100529
17.	GIS Discount Issue Date 24-May-2024	P01GIS230525
18.	GIS VRR Issue Date 30-Apr-2020	Govt. Ijara Sukuk
19.	GIS VRR Issue Date 29-Jul-2020	Govt. Ijara Sukuk
4.	Pak Oman Investment Company Limited
1.	Latest 3-M T-Bills	Treasury Bills
2.	Latest 6-M T-Bills	Treasury Bills
5.	Pak Brunei Investment Company Limited
1.	Latest 3-M T-Bills	Treasury Bills
2.	Latest 6-M T-Bills	Treasury Bills
3.	Latest 12-M T-Bills	Treasury Bills
6.	JS Bank Limited
1.	Latest 3-M T-Bills	Treasury Bills
2.	Latest 6-M T-Bills	Treasury Bills
3.	Latest 12-M T-Bills	Treasury Bills
4.	Latest 3 year PIB	Pakistan Investment Bond
5.	Latest 5 year PIB	Pakistan Investment Bond
6.	Latest 10 year PIB	Pakistan Investment Bond
7.	Habib Bank Limited
1.	Latest 3-M T-Bills	Treasury Bills
2.	Latest 6-M T-Bills	Treasury Bills
3.	Latest 12-M T-Bills	Treasury Bills
4.	Latest 3 year PIB	Pakistan Investment Bond
5.	Latest 5 year PIB	Pakistan Investment Bond
6.	Latest 10 year PIB	Pakistan Investment Bond
8.	National Bank of Pakistan
1.	Latest 3-M T-Bills	Treasury Bills
2.	Latest 6-M T-Bills	Treasury Bills
3.	Latest 12-M T-Bills	Treasury Bills
4.	Latest 3 year PIB	Pakistan Investment Bond
5.	Latest 5 year PIB	Pakistan Investment Bond
6.	Latest 10 year PIB	Pakistan Investment Bond
9.	Bank AL Habib
1.	Latest 3-Months T-Bills	Treasury Bills

DMM OBLIGATIONS
Quoting	Two-Sided Quote, 75% of time during the regular Trading hours
Spread	Maximum 0.25% Bid-Ask spread
Minimum Inventory	0% of Debt Security
Quote Size	Bid / Ask Quotes should be of minimum/- (PKR 5mn)
Order Replenishment	In case of an order getting filled, DMM should replenish the order within 2 minutes.

DMM OBLIGATIONS
Quoting	Two-Sided Quote, 75% of time during the regular Trading hours
Spread	Maximum 0.25% Bid-Ask spread
Minimum Inventory	0% of Debt Security
Quote Size	Bid / Ask Quotes should be of minimum/- (PKR 5mn)
Order Replenishment	In case of an order getting filled, DMM should replenish the order within 2 minutes.

DMM OBLIGATIONS
Quoting	Two-sided Quote, 75% of time during the regular Trading hours.
Spread	Maximum 0.25% Bid-Ask Spread
Minimum Inventory	No specific Level
Quote Size	Bid / Ask Quotes should be of minimum PKR 5 Million
Order Replenishment	In case of order getting filled, DMM should replenish the order within 3 minutes
Maximum Purchase or Sale	50% during a single trading day.

DMM OBLIGATIONS
Quoting	Two-Sided Quote, 75% of time during the regular Trading hours
Spread	Maximum 0.20% Bid-Ask spread
Minimum Inventory	No speific level.
Quote Size	Bid / Ask Quotes should be of minimum/- PKR 04 Million
Order Replenishment	In case of an order getting filled, DMM should replenish the order within 3 minutes.
Maximum Purchase or Sale	50% during a single trading day.

DMM OBLIGATIONS
Quoting	Two-Sided Quote, 75% of time during the regular Trading hours.
Spread	Maximum 0.20% Bid-Ask spread.
Minimum Inventory	No speific level.
Quote Size	Bid / Ask Quotes should be of minimum/- PKR 05 Million.
Order Replenishment	In case of an order getting filled, DMM should replenish the order within 3 minutes.
Maximum Purchase or Sale	50% during a single trading day.

DMM OBLIGATIONS
Quoting	Two-sided Quote, 75% of time during the regular Trading hours.
Spread	Maximum 0.25% Bid-Ask Spread
Minimum Inventory	No specific Level
Quote Size	Bid / Ask Quotes should be of minimum PKR 5 Million.
Order Replenishment	In case of order getting filled, DMM should replenish the order within 3 minutes
Maximum Purchase or Sale	50% during a single trading day.

DMM OBLIGATIONS
Quoting	Two-Sided Quote, 75% of time during the regular Trading hours.
Spread	Maximum 0.20% Bid-Ask spread.
Minimum Inventory	No speific level.
Quote Size	Bid / Ask Quotes should be of minimum/- PKR 5 Million.
Order Replenishment	In case of an order getting filled, DMM should replenish the order within 3 minutes.
Maximum Purchase or Sale	50% during a single trading day.

DMM OBLIGATIONS
Quoting	Two-Sided Quote, 75% of time during the regular Trading hours.
Spread	Maximum 0.20% Bid-Ask spread.
Minimum Inventory	No speific level.
Quote Size	Bid / Ask Quotes should be of minimum/- PKR 5 Million.
Order Replenishment	In case of an order getting filled, DMM should replenish the order within 3 minutes.
Maximum Purchase or Sale	50% during a single trading day.

DMM OBLIGATIONS
Quoting	Two-sided Quote, 75% of time during the regular Trading hours.
Spread	Maximum 0.25% Bid-Ask Spread
Minimum Inventory	Nil
Quote Size	Bid / Ask Quotes should be of minimum PKR 5 Million.
Order Replenishment	In case of order getting filled, DMM should replenish the order within 3 minutes
Maximum Purchase or Sale	50% during a single trading day

DMM OBLIGATIONS
Quoting	Two-Sided Quote, 75% of time during the regular Trading hours.
Spread	Maximum 0.25% Bid-Ask spread.
Minimum Inventory	No speific level.
Quote Size	Bid / Ask Quotes should be of minimum/- PKR 5 Million.
Order Replenishment	In case of an order getting filled, DMM should replenish the order within 3 minutes for government debt securities.
Maximum Purchase or Sale	50% during a single trading day.

DMM OBLIGATIONS
Quoting	Two-Sided Quote, 75% of time during the regular Trading hours.
Spread	Maximum 0.25% Bid-Ask spread.
Minimum Inventory	No speific level.
Quote Size	Bid / Ask Quotes should be of minimum/- PKR 5 Million.
Order Replenishment	In case of an order getting filled, DMM should replenish the order within 3 minutes for government debt securities.
Maximum Purchase or Sale	50% during a single trading day.

DMM OBLIGATIONS
Quoting	Two-Sided Quote, 75% of time during the regular Trading hours.
Spread	Maximum 1.50% Bid-Ask spread for Corporate Debt, 0.25% Bid Ask spread for Government Debt Securities.
Minimum Inventory	Not Applicable.
Quote Size	Bid / Ask Quotes should be of minimum PKR 2.50 Million.
Order Replenishment	In case of an order getting filled, DMM should replenish the order within 10 Minutes for Corporate Debts and 3 minutes for GDS Securities.
Maximum Purchase or Sale	50% during a single trading day.

DMM OBLIGATIONS
Quoting	Two-Sided Quote, 75% of time during the regular Trading hours.
Spread	Maximum 1.50% Bid-Ask spread for Corporate Debt, 0.25% Bid Ask spread For Government Debt Securities.
Minimum Inventory	Not applicable
Quote Size	Bid / Ask Quotes should be of minimum PKR 2.50 million
Order Replenishment	In case of an order getting filled, DMM should replenish the order within 10 Minutes for Corporate Debt and 3 Minutes for GDS Securities.
Maximum Purchase or Sale	50% during a Single trading day

Designated Market Maker

Overview

Equity Securities Market Making

Debt Securities Market Making

Learn more about Equity Securities Market Making

Appointment of DMM

How to apply/register as DMM with PSX

Designated Market Maker Agreement

Assessment of Performance

For more information about becoming a Market Maker, please email @ info@psx.com.pk

Code of Conduct

Scope

List of Designated Market Makers (DMM)

List of Assigned Securities

Learn more about Debt Securities Market Making

Appointment of DMM

How to apply/register as DMM with PSX

Designated Market Maker Agreement

Assessment of Performance

For more information about becoming a Market Maker, please email at info@psx.com.pk

Code of Conduct

Scope

List of Designated Market Makers (DMM)

List of Assigned Securities

List of Assigned Securities – Corporate Debt Securities

List of Assigned Securities – Government Debt Securities

Overview

Equity Securities Market Making

Debt Securities Market Making

Learn more about Equity Securities Market Making

Appointment of DMM

How to apply/register as DMM with PSX

Designated Market Maker Agreement

Assessment of Performance

Code of Conduct

Scope

List of Designated Market Makers (DMM)

List of Assigned Securities

Learn more about Debt Securities Market Making

Appointment of DMM

How to apply/register as DMM with PSX

Designated Market Maker Agreement

Assessment of Performance

Code of Conduct

Scope

List of Designated Market Makers (DMM)

List of Assigned Securities – Corporate Debt Securities

List of Assigned Securities – Government Debt Securities