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www.cdcpakistan.com0800-CDCPL (23275)
FORTIFICATION AND
SURVIVAL
FORTIFICATION AND
SURVIVALDaalan PavillionA daalan refers to an area within, or adjacent to, the main building used for relaxation and leisure. Historically, these spaces allowed inhabitants to recharge so that they could then march ahead with full force. Because of this, they had an undeniable significance in a fortification, and became crucial for survival. Here at CDC, we understand that nurturing talent and capability is the backbone of survival. By effective risk management at all levels, we prevent the overloading of any one particular function and ensure that everyone in our sphere our clients and our employees has room to breathe, grow and be the best they can be.
Head Office:CDC House, 99-B, Block B, S.M.C.H.S., MainShahra-e-Faisal, Karachi - 74400.Tel: (92-21) 111-111-500 I Fax: (92-21) 34326031 Lahore Branch:307, 2nd Floor, Upper Mall, Lahore - 54000.Tel: (92-42) 35789378 I Fax: (92-42) 35789340
Islamabad Branch:Room # 410, 4th Floor, Islamabad Stock ExchangeTowers,55-B, Jinnah Avenue, Blue Area, Islamabad.Tel: (92-51) 2895456-9 I Fax: (92-51) 2895454
Email: [email protected]
URL: www.cdcpakistan.com
Customer Support Services:0800 23275 (CDCPL)
For Overseas Callers: +92 (21) 34326038
Registered Offices:
Oct-DecIssue No. 59
2014
ContentsCDC participates in 18th ACGAnnual General Meetingand Conference inXian, China
02 0401Muhammad Hanif Jakhura, CEO-CDCelected on the Board of PakistanInstitute of Corporate Governance(PICG)
EFU Life and CDC sign Memorandumof Understanding
05NOTICE BOARD
CDS UPDATES
ITMinds Limitedparticipates in GITEXTechnology week in Dubai Statistical Highlights 06
CDC Introduces eDividend Facility
Senior Swiss Diplomatsvisit CDC
CDC conductsInvestor Awareness Seminarsin Sukkur and Daharki
Slate 2014CustodianThe 1
Muhammad Hanif Jakhura, CEO-CDC elected on the Board of Pakistan Institute ofCorporate Governance (PICG)
EFU Life and CDCsign Memorandumof Understanding
The Pakistan Institute of Corporate Governance (PICG) is a Not-for-Profit organization that undertakes initiatives like education, awareness, research, discussion and consultancy targeted towards achieving good Corporate Governance across industries.
The institute has endorsements from some of the most influential entities within the country including the likes of SECP, SBP and CDC itself. It is a matter of immense importance and pride that CDCs association with the organization has become official through the election ofMr. Muhammad Hanif Jakhura on the Board of PICG.
Muhammad Hanif Jakhura was amongst the first batch of participants who completed the course conducted by Pakistan Institute of Corporate Governance (PICG) for Certified Directors in 2007.
He also serves on the Quality Assurance Board of Institute of Chartered Accountants of Pakistan and on the boards of Pakistan Mercantile Exchange (PMEX) and Institute of Capital Markets.
Muhammad Hanif Jakhura, CEO CDC has been recently elected as a Director on the Board of Pakistan Institute of Corporate Governance (PICG). The highest number of votes received by him reflects the confidence of the corporate world in the leadership of CDC.
Mr. Taher G. Sachak, MD & CEO EFU Life Assurance Ltd. exchanging MoU deed with Mr. Hanif Jakhura, CEO CDC
Continuing our long standing tradition of collaborating with the corporate community for better access to markets and customers, Central Depository Company of Pakistan Limited (CDC) has signed a Memorandum of Understanding with EFU Life Assurance Limited. This collaboration will be the first of its kind where insurance solutions will be offered to CDC customers and simultaneously CDC can increase its outreach by utilizing EFU Lifes branch network. This endeavour will help expand CDCs outreach and ultimately facilitate customers in several cities across Pakistan.
The MoU signing ceremony for this initiative was held at CDC House Karachi in presence of senior officials from both organizations including Taher G. Sachak, CEO & MD EFU Life and Muhammad Hanif Jakhura, CEO-CDC. This joint endeavor marks the beginning of a strategically beneficial partnership between CDC and EFU which will yield returns not just for the two institutions but to the external community at large.
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CDC participates in 18th ACGAnnual General Meeting and Conference in Xian, China
Mr. Yoshinobu Takeuchi, Honorary Chairman of Executive Committee ACG (second from left) and Mr. Hanif Jakhura, CEO-CDC and Chairman of Executive Committee ACG (third from left) with other delegates at the ACG AGM 18.
the spirit of the regional association. With the immense growth in capital markets in Asia, there is much to be gained from the cross-border opportunities.
Pursuant to this theme, the guest speakers deliberated on areas ranging from business diversification to sustainability measures of CSDs. Mr. Fazal Gaffoor, CFO and Company Secretary CDC moderated an informative panel discussion on sustainability measures.
One of the major highlights of the event was a public declaration entitled the Xian Initiative which laid down the vision of the regional
included the likes of Mr. Mathias Papenfuss, Chairman European Central Securities Depositories Association (ECSDA) and Mr. Boon Hion Chan, Chairman - Asia Focus Group of the Association of Global Custodians among others.
The theme decided for the event was Regionalization, Globalization and Diversification: Opportunities for Asia-Pacific CSDs. In his welcome address, Mr. Muhammad Hanif Jakhura, Chairman of the Executive Committee of ACG, commented on the event by stating that: I cannot think of a theme as significant as this one, which I feel is befitting
Central Depository Company is not only at the forefront of Pakistan Capital Market but is also a national institution representing the country on regional and international forums. In October 2014, CDC Pakistan participated in the 18th ACG Annual General Meeting and Conference held in Xian, China. This was the first AGM of ACG with CDC acting as the Secretariat, leading the central coordination for the event.
ACG is an informal association comprising of CSDs and clearinghouses of the Asia-Pacific region. The primary focus of the body is to aid in the promotion of cooperation and understanding between its member institutions and enhancing cross-border knowledge sharing. In the pursuit of its mission, ACG organizes two annual events. Of these, the most significant is the Annual General Meeting and Conference which is made up of two essential parts. The conference is a public session comprising of speeches and panel discussions on issues related to the theme of that years event. The General Meeting, a member only session, is held for the prime purpose of voting on key decisions and issues directly linked to ACG.
The 18th ACG AGM was hosted by the China Central Depository & Clearing Corporation and was held in the historical city of Xian. The event was attended by 75 participants and
18th ACG Conference in progress
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association in the coming years and the means by which that vision can be fulfilled.
Several key decisions were taken at ACG 18. One such decision was the selection of the host for the World Forum of CSDs event to be held in 2017 and a consortium of Depositories from Pakistan, India, Hong Kong and China were voted with Hong Kong as the venue for WFC 17.
The event was also the forum for another addition in CDCs list of MoUs with leading depositories of the world. This time CDC signed a Memorandum of Understanding with MKK Turkey, further strengthening its ties with the international CSD community.
Fast FactsACG was formed in 1997.
ACG currently has 32 members in 23 countries of the Asia-Pacific Region.
For the years 2014-16, Mr. Muhammad Hanif Jakhura, CEO-CDC is the Elected Chairman of ACG Executive Committee.
For the same period, CDC Pakistan is the ACG Secretariat.
Mr. Muhammad Hanif Jakhura also represents ACG on the board of World
Forum of CSDs that comprises of 5 regional bodies of CSDs from around the world.
The City of Xian is known for its legendary Terracotta Army.
MoU signing between CDC and MKK Turkey
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CDC introduces eDividend FacilityContinuing the trend of being at the forefront of innovation in capital market development, the Central Depository Company of Pakistan Limited became the pioneering institution in the country to introduce eDividend facility. This service enables issuers to electronically credit dividend amounts into bank accounts of shareholders directly without the need of any paper formalities or manual effort.
The first such transaction was executed for the dividend of Lucky Cement Limited through its banking partner. Innovative offering of services like this has enabled CDC to achieve another milestone in Share Registrar Services after exceeding 100 clients in a short span of time.
CDC continued its long standing tradition of promoting awareness by conducting Investor Awareness Seminars in Sukkur and Daharki in the month of December 2014. These seminars were organized particularly in the context of current regulatory initiatives where subscriptions of CDC Access SMS and Email Alerts have been made mandatory by the Securities & Exchange Commission of Pakistan. This initiative was also taken in line with CDCs belief that an informed investor is more enabled to keep his investments secure.
Two sessions were organized at the premises of Sukkur IBA for Sub-Account Holders and students while one session was given to the employees and management of Engro Fertilizers plant in Daharki. The audience were briefed about CDCs role, responsibilities and service offerings. The free-of-cost CDC Access portfolio was also introduced. Investors were apprised about their roles, responsibilities and rights as well.
The seminars were well received and the attendees stressed that CDC should show presence on a monthly basis in the form of day-long sessions or IPV desks. All the queries and concerns were dealt with expertly by the CDC team.
A highlight of these seminars was the motivating presentation by Mr. Shuja Qureshi, famous TV anchor, who was invited as a guest speaker for these sessions. He spoke in length about cultivating a habit of savings from a young age and investing smartly to gain the right results. The next seminar is scheduled to take place at ICAP Karachi.
Mr. Tariq Siddiqui, Assistant Manager Operations and Customer Support Services, CDC giving
presentation to investors at Sukkur IBA
CDC conductsInvestor Awareness Seminarsin Sukkur and Daharki
Senior SwissDiplomats visit CDCMr. Emil Wyss (Consul General), Mr. Roger M. Kull (Deputy Head of Mission at the Embassy of Switzerland in Islamabad) and Mr. Jordan James Din (Head of Commercial Section) at the Swiss Consulate General in Karachi visited CDC House in Karachi on November 27, 2014.
Mr. Muhammad Hanif Jakhura, CEO-CDC and senior management of CDC welcomed the delegation, who were apprised about the performance of Pakistan Capital Market in recent years. They were also informed about CDCs businesses, investor awareness & cultivation initiatives, IT infrastructure and CSR activities.
The Swiss delegation greatly appreciated the efforts of CDC in the development and progress of Pakistan Capital Market.
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ITMinds Limited, a wholly owned subsidiary of CDC, specializing in the provision of technology consultancy, implementation and outsourcing solutions, participated in GITEX Technology week from October 12-16, 2014 at the Dubai World Trade Centre. Considered as the top Information and Communications Technology event of Middle East, Africa & South Asia (MEASA), GITEX 2014 attracted 139,000 ICT professionals from 144 countries with over 450 companies. The primary aim of ITMinds Limited was to align its current services with the global industry practices, explore partnerships and to promote products & services of ITMinds internationally.
On behalf of ITMinds Limited, the event was attended by a delegation comprising of Mr. Muhammad Junaid Shekha (CEO), Mr. Shaikh Nadir Hussain (Program Manager) & Mr. Taha Tungekar (Marketing Manager).
[Circular: December 23, 2014]
Insertion of NTN into CDS as part of registration details has been made mandatory for Corporate Accounts. Therefore all CDS Participants were informed to obtain and enter NTN details from existing corporate accounts if they had not done so already.
This would enable the Issuers to check the status of their respective shareholders from the Active Tax-payers List (ATL) available on the website of the Federal Board of Revenue for the purpose of withholding of tax on dividend. It was further advised to ensure that all new CDS Corporate Accounts opened must carry NTN.
Consolidation of Alerts
Keeping in view the convenience of the Investors, the mechanism of generating alerts has been changed with effect from December 26, 2014 whereby now alerts of all consolidated Balance Orders relating to a single trade (script-wise) will be sent.
ITMinds Limited participates in GITEXTechnology week in Dubai
NOTICE BOARDNational Tax Number (NTN) inthe Registration Details ofCorporate Account Holders
[Circular: October 29, 2014]
CDS UPDATES
Upgrade of CDS Application
[Circulars: October 02 and10, 2014 (Karachi)]
CDC has upgraded its Existing CDS application platform. In this regard, CDS Elements of Karachi were informed that eCDS New Application icon was installed and configured on their respective CDS terminals.
Mandatory Subscription of eitherSMS or eAlert by existingSub-Account holders
[Circular: December 16, 2014]A circular was sent to CDC Elements reminding them about amendments in CDC Regulations 6.2.6 regarding mandatory subscription of either SMS or eAlert by existing Sub-Account holders. In this regard, they were apprised that SECP has approved the amendments in CDC Regulations vide its letter dated April 18, 2014. According to these amendments, any Sub-Accounts not having either a local mobile number or an email address by December 31, 2014, will be blocked by CDC allowing only the following activities during blocking period: Portfolio transfers; and Updation of registration details It is important to note that such blocked sub-accounts will only be restored when a local mobile number or an email address is provided. Participants were requested to regularize all Sub-Accounts under their Participant umbrella by obtaining and inserting local mobile number and/or an email address from the respective Sub-Account Holders, preventing any non-compliance related action.
637Ordinary Shares
17PreferenceShares
37Open End Units
118TFCs / Sukuk
Breakup of Securities
Central Depository System (CDS)as of December 31, 2014
685Issuers
95Pledgees
613Participants / Account Holders
Type of Elements
Statistical Highlights
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1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
S.No.
Debt Instruments
Debt Instruments
Right Renounciable
Right Renounciable
Right Renounciable
Right Renounciable
Right Renounciable
Right Renounciable
Right Renounciable
Right Renounciable
Right Renounciable
Ordinary Shares
Right Renounciable
Ordinary Shares
Ordinary Shares
Ordinary Shares
Ordinary Shares
Security Type
03 Oct, 2014
09 Oct, 2014
16 Oct, 2014
21 Oct, 2014
23 Oct, 2014
24 Oct, 2014
06 Nov, 2014
10 Nov, 2014
10 Nov, 2014
17 Nov, 2014
18 Nov, 2014
18 Nov, 2014
27 Nov, 2014
09 Dec, 2014
11 Dec, 2014
16 Dec, 2014
01 Jan, 2015
Eligibility DateSecurity Name
List of Securities Declared Eligible for CDS
Al Baraka Bank (Pakistan) Limited
Askari Bank Limited
Allied Rental Modaraba - LoR
The Crescent Textile Mills Limited
Gul Ahmed Wind Power Limited
Aruj Industries Limited
International Knitwear Limited
Safe Mix Concrete Products Limited
Javedan Corporation Limited
Y. B. Pakistan Limited
Fauji Fresh n Freeze Limited
National Investment Trust Limited
Quice Food Industries Limited
Systems Limited
Synthetic Products Enterprises Limited
Sindh Modaraba Management Limited
Shabbir Tiles and Ceramics Limited
02 Oct, 2014
03 Oct, 2014
15 Oct, 2014
20 Oct, 2014
22 Oct, 2014
23 Oct, 2014
05 Nov, 2014
07 Nov, 2014
07 Nov, 2014
14 Nov, 2014
17 Nov, 2014
17 Nov, 2014
26 Nov, 2014
08 Dec, 2014
10 Dec, 2014
15 Dec, 2014
31 Dec, 2014
Notice Date
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List of Securities Inducted into CDS
1234567
S.No. Security Type
Debt InstrumentsDebt InstrumentsOrdinary SharesDebt InstrumentsOrdinary SharesOrdinary SharesOrdinary Shares
Live DateSecurity Name
23 Oct, 201411 Nov, 201418 Nov, 201419 Nov, 201404 Dec, 201419 Dec, 201429 Dec, 2014
Engro Fertilizers Limited - Sukuk Certificates (4th Issue)Al Baraka Bank (Pak) Limited - Sukuk CertificatesAwwal Modarba Management LimitedAskari Bank Limited (PPTFC-V)National Investment Trust LimitedSystems LimitedSindh Leasing Company Limited
List of Securities Delisted from CDS
123456
S.No.
Debt InstrumentDebt InstrumentsDebt InstrumentsDebt InstrumentsDebt InstrumentsDebt Instruments
Security Type Delist DateSecurity Name
21 Oct, 201404 Nov, 201427 Nov, 201415 Dec, 201418 Dec, 201419 Dec, 2014
Orix Leasing Pakistan Limited - TFC 2nd Issue (30-06-11)Engro Corporation Limited - TFC (30-09-11)Pakistan Mobile Communication Limited - TFC (7th Issue)Escorts Investment Bank Limited - TFC (15-03-07)Bank Al Habib Limited - TFC (2009)United Bank Limited - TFC (08-09-2006)
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1
2
3
4
5
6
7
8
9
10
Engro Powergen Qadirpur Limited (Book Building)
Engro Powergen Qadirpur Limited (General Public)
Engro Fertilizers Limited - Sukuk Certificates (4th Issue)
Albaraka Bank (Pakistan) Limited - Sukuk Certificates
Awwal Modaraba Management Limited
Askari Bank Limited (PPTFC-V)
Saif Power Limited
Saif Power Limited
Allied Bank Limited
Sui Southern Gas Company Limited - Certificate of Leasing
S.No.
Ordinary Shares
Ordinary Shares
Debt Instruments
Debt Instruments
Ordinary Shares
Debt Instruments
Ordinary Shares
Ordinary Shares
Ordinary Shares
Debt Instruments
Security Type
Offer For Sale
Offer For Sale
New Issue
New Issue
New Issue
New Issue
Offer for Sale (Book Building)
Offer for Sale (General Public)
Offer for Sale
New Issue
Issue Type
Oct 14, 2014
Oct 22, 2014
Oct 22, 2014
Nov 10, 2014
Nov 17, 2014
Nov 18, 2014
Dec 05, 2014
Dec 09, 2014
Dec 23, 2014
Dec 31, 2014
Apply DateSecurity Name
Credit of New Issues / Offer for Sale
Credit of Shares / Certificates against Right Issue / Further Issue
123456789101112
Treet Corporation LimitedGul Ahmed Wind Power LimitedTRG Pakistan Limited - Class 'A' Fauji Fresh n Freeze LimitedKASB ModarabaNRSP Microfinance Bank LimitedCherat Cement Company LimitedY. B. Pakistan LimitedPak Elektron LimitedBankislami Pakistan LimitedEngro Corporation LimitedBank Alfalah Limited
Oct 28, 2014Nov 07, 2014Nov 10, 2014Nov 10, 2014Nov 17, 2014Dec 01, 2014Dec 17, 2014Dec 23, 2014Dec 24, 2014Dec 31, 2014Dec 11, 2014Dec 23, 2014
S.No.
Further IssueRight IssueRight IssueRight IssueRight IssueRight IssueRight IssueRight IssueRight IssueRight Issue
Further IssueFurther Issue
To Effective DateSecurity Name
Slate 2014CustodianThe10
1 Aisha Steel Mills Limited (Ordinary & Pref. Shares) Oct 13, 2014
S.No. Apply DateSecurity Name
Detail of Partial Conversion and Cancellation
1
2
3
4
5
6
7
8
9
10
11
12
13
Cherat Cement Company Limited
KASB Modaraba
Pak Elektron Limited
Gul Ahmed Wind Power Limited
Aruj Industries Limited
Allied Rental Modaraba
International Knitwear Limited
The Crescent Textile Mills Limited
Javedan Corporation Limited
Fauji Fresh n Freeze Limited
Y. B. Pakistan Limited
Quice Food Industries Limited
Aisha Steel Mills Limited
Oct 01, 2014
Oct 02, 2014
Oct 20, 2014
Oct 31, 2014
Nov 05, 2014
Nov 17, 2014
Nov 17, 2014
Nov 20, 2014
Nov 21, 2014
Nov 25, 2014
Dec 02, 2014
Dec 04, 2014
Dec 20, 2014
S.No. Apply DateSecurity Name
Credit of Unpaid Rights
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1
2
3
4
5
6
7
8
9
10
11
12
13
14
Security Papers Limited
East West Insurance Company Limited
IBL HealthCare Limited
The Searle Company Limited
Gul Ahmed Textile Mills Limited
Shezan International Limited
Suraj Cotton Mills Limited
Mari Petroleum Company Limited
Habib Asset Management Limited
First Paramount Modaraba
East West Insurance Company Limited
The Searle Company Limited
IBL HealthCare Limited
Gul Ahmed Textile Mills Limited
Oct 01, 2014
Oct 24, 2014
Nov 18, 2014
Nov 19, 2014
Nov 24, 2014
Nov 25, 2014
Nov 27, 2014
Nov 27, 2014
Nov 27, 2014
Nov 28, 2014
Dec 02, 2014
Dec 19, 2014
Dec 19, 2014
Dec 29, 2014
S.No.
19%
9.5%
28.5%
38.0%
23.75%
9.5%
10%
19.0%
15%
9.5%
Remaining 5%
Remaining 5%
Remaining 5%
Remaining 5%
% of Bonus Declared Apply DateSecurity Name
Credit of Bonus Issue
1
2
3
The United Insurance Company Limited
Metropolitan Steel Corporation Limited
IGI Life Insurance Limited
S.No.
F.D Registrar Services (SMC-Pvt) Ltd
Hameed Majeed Associates (Pvt) Ltd
Famco Associates (Pvt) Ltd
To
Shares & Corporate Registrar Services Limited
Self
THK Associates (Pvt) Limited
From
Oct 01, 2014
Oct 24, 2014
Dec 29, 2014
Effective DateSecurity Name
Detail of Change of R/TA (Listed & Unlisted)
Slate 2014CustodianThe12
25,832
35,561
52,184
Activation of Web / IVR
Activation of SMS
No. of IAS A/C
Investor Account Services (IAS)as of December 31, 2014
52,184
Co
rpo
rate
In
vest
or
Acc
ou
nts
Ind
ivid
ual
In
vest
or
Acc
ou
nts
Number of Accounts
24
2
8,2
02
10
9
5,0
71
1,1
05
37
,45
5
Kara
chi
Laho
re
Isla
mab
ad
45.797Number of Securities (in Billion)
Activations (for IAS Customers)as of December 31, 2014
Future Contract(No. in Million)
Market Cap.(Rs. in Million)
MonthClosing
Turnover of SharesShares traded at KSE during last six months
Ready(No. in Million)
July August
SeptemberOctober
NovemberDecember
2,297.59 2,691.58 3,470.43 3,691.08 4,701.90 5,621.23
291.87 364.39 508.66 379.24 476.32 708.621
7,120,673.59 6,726,928.83 6,914,097.48 7,033,698.67 7,152,183.26 7,380,531.74Source: KSE Quotation Source: Google Finance
Value as on December 31 2014IndexWorld Market Indices
BSE SENSEX S&P/ TSX Composite FTSE 100 (London)NIKKEI 225 (Tokyo)DAX (Frankfurt)CAC 40 (Paris)ALL ORDINARIESHANG SENG (Hong Kong)
27,499.4214,632.446,566.0917,450.779,805.554,272.755,388.6023,605.04
as of December 31, 2014KSE & CDS Summary
* Excluding GoP holding
557
1.168
111.81
247.91
82.05
7,380.531
4.351
85.88%
Listed Companies at KSE
Listed Capital at KSE (in Billion)
Number of shares in CDS (in Billion)
Units of Open-End funds in CDS (in Million)
Units of TFCs, Sukuks and Bonds in CDS (in Million)
Market Capitalization in KSE (in Billion)
Market Capitalization of shares in CDS (in Trillion)
Percentage of shares in CDS w.r.t. Share Capital *
KSE 100 Index during the last six months
July August September October November December
33,00032,00031,00030,00029,00028,00027,00026,000
30,314.07
28,567.74
29,726.39
31,197.9830,376.53
32,131.28
Slate 2014CustodianThe 13
www.cdcpakistan.com0800-CDCPL (23275)
(92-21) 111-111-500 :(92-21) 34326031 :
(92-42) 35789378 :(92-42) 35789340 :
(92-51) 2895456-9 :(92-51) 2895454 :
www.cdcpakistan.com :
0800 23275 (CDCPL)
+92 (21) 34326038 :
59
2014
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