KARACHI: Select Technologies Limited is scheduled to be listed on the Pakistan Stock Exchange (PSX) effective July 13, 2026. The trading of the company’s stocks will begin on the Main Board on a T+1 basis, as per the notice issued to the Exchange.
Details of Listing and Settlement
Select Technologies to list on PSX, the initial settlement date for Select Technologies has been scheduled for Tuesday, July 14, 2026. In addition to this, the market lot for Select Technologies has been set at 1 share of Rs10 per share, thereby providing investors with a choice of transaction size right from the beginning.
The initial price is set at Rs34 per share, and this has been derived from the Book Building process that was undertaken before the listing. Normal Circuit Breakers would be applicable to the initial price of shares listed in the Ready Market.
Regulatory Approvals Prior to Listing
Select Technologies to list on PSX, a number of regulatory measures had to be put in place. The Central Depository Company of Pakistan Limited (CDC) has already made it clear that the shares of the firm are an eligible security and hence electronic settlement would take place.
All the dealings in the share will now be cleared through the National Clearing Company of Pakistan Limited (NCCPL), which manages clearing and settlement services at the exchange. The NCCPL has made it known that the code for the company is “SELECT”.
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Classification of Sector and Type of Trade
Following the listing of Select Technologies on the PSX, the stock will be classified as belonging to the “Technology & Communication” sector on the Daily Quotation of the Exchange. This categorization will make Select Technologies compete with other companies listed in the same business sectors.
Shariah Compliance and Stock Index Inclusion
Prior to the listing, Select Technologies’ most recent financials together with its business activities have been analyzed by PSX. According to the review results, the company has been declared Shariah Compliant based on the Shariah Screening Criteria of the KMI All Share Index.
Accordingly, Select Technologies will become a constituent of the PSX-KMI All Share Islamic Index (KMIALLSHR) starting from its listing date. The inclusion will provide access to the shares for a wider range of Islamic and Shariah-focused investors looking for Shariah compliant stocks in their portfolio.
Implications for Investors
The listing comes after Select Technologies’ recent initial public offering that was oversubscribed 1.73 times, showing good investor interest from both the retail and institutional side of the market. Now that the stock is going to be listed on PSX and ready for trading, all eyes will be on how the stock reacts against its Rs34 starting price in the early days of trading.
Any interested investor can look forward to a regular T+1 settlement cycle for the stock, whereby any trading done at the time of listing would settle on the next working day.
