KARACHI, Feb 2: The Karachi Stock Exchange announced on Wednesday that the bourse had approved the applications for formal listing and quotation of shares of International Housing Finance Limited; Jahangir Siddiqui Capital Markets Limited and Meezan Balanced Fund.

In separate notices issued for each of the three companies, the KSE said that trading in the shares would start on the exchange from February 7 and all transactions taking place would be routed through the Clearing House from the above date on T+3 settlement basis.

The first settlement date would be February 10; the market lots would be 500 shares/certificates of Rs10 each; the shares/certificates of the concerned companies have already been declared eligible security by the Central Depository Company (CDC) and all transactions would be settled through the Central Depository System (CDS) of CDC.