Quarterly NewsletterQuarterly NewsletterCentral Depository CompanyCentral Depository Company

Head Office:CDC House, 99-B, Block ‘B’, S.M.C.H.S., Main Shahrah-e-Faisal, Karachi - 74400.Tel: (92-21) 111-111-500 I Fax: (92-21) 34326031

PSX Branch:Mezzanine Floor, Pakistan Stock Exchange Building,Stock Exchange Road, Karachi.Tel: (92-21) 32416774 I Fax: (92-21) 32444491

Islamabad Branch:Room # 410, 4th Floor, ISE Towers REIT Management Limited, 55-B, Jinnah Avenue, Blue Area, Islamabad.Tel: (92-51) 2895456-9 I Fax: (92-51) 2895454

Lahore Branch:Mezzanine Floor, South Tower, LSE Plaza, 19 Khayaban-e-Aiwan-e-Iqbal, Lahore-54000, PakistanTel: (92-42) 36368000-3 I Fax: (92-42) 36368484-5

Email: info@cdcpak.com

URL: www.cdcpakistan.com Customer Support Services:0800 – 23275 (CDCPL)

For Overseas Callers: +92 (21) 34326038

BOUNDLESS HUESOF NATURE

Mountains are deemed the nails of the Earth. These gigantic rock formations have stood against the test of time and the changing weather dynamic across the globe. Mountains symbolize resilience, strength and the poise to pull through any and every challenge that comes our way.

In a similar fashion, CDC has stood against its own unique challenges, only to come out successfully and achieve remarkable feats for itself. In the past two decades since the inception of its operations, its resolve toward promoting efficiency and transparency has reflected consistently in its operational legacy. CDC has been spearheading the digital revolution in the Capital Market with a resolute commitment towards market development & transformation through innovation.

Brown Tones of EnduranceBrown Tones of Endurance

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CDC facilitates investment in Pakistan Stock Market byNon Resident Pakistanis through Roshan Digital Account

A heartfelt message by Mr. Badiuddin Akber, CEO CDC,on the occasion of the New Year

CDC Share Registrar Services (CDCSR) Launches VirtualMeeting Solution to conduct AGM and EOGM Meetings

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ITMinds Limited, a CDC Subsidiary, acquires distributorshipfor Mutual Funds/Voluntary Pension Schemes

09CDS Updates and Regulatory Changes

Statistical Highlights

Contents

Investor Services WebinarsFinancial Literacy WebinarAwareness Webinar with Al-Meezan Investment ManagementeIPO Promotion (eServices Portal)

Remote Education via NMS: Vital Messages Sent to CDS ElementsRegularization of Terminals used for Work from HomeReduction in CDC Tariff StructureAmendments in Licensing Regulations of the SRO’sFinal Extension in Deadline for Implementation of Zakat Repository SystemSimpli�cation of Account Opening FormsRevision in Annual Fee of CDC Tariff StructureLimit on Assets under Custody (AuC) for TREC holders with FYE June 30, 2020

CDC and MUFAP sign MoU for Mutual Fund DigitalPlatform (MFDP)

CDC’s Investor Facilitation Initiatives

About Roshan Digital AccountInvestment Options available through Roshan Digital AccountInvesting in Pakistan Stock Market through Roshan Digital AccountRole of CDCAwareness Webinars for Roshan Digital Account holdersSeries of Awareness Sessions for brokers for facilitation of Roshan Digital AccountCDC’s Support for Roshan Digital Account holdersCDC has facilitated more than 1400 RDA accounts for Capital Market investment (31st Dec 2020)

CDC Trustee and Custodial Services reachesNet Assets of PKR 1 Trillion

A heartfelt message by Mr. Badiuddin Akber, CEO CDC, on the occasion of the New Year

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he dawn of an upcoming year and the end of an ongoing one is an important time to reflect on our goals and invoke our thoughtful spirit. As 2020 draws to an end, I would like to take this opportunity to recount our mutual accomplishments for the year and renew our motivation for persevering in the path of achieving our strategic goals in the year ahead. Undisputedly, 2020 has been a very challenging year with unprecedented challenges for the current generations over the World. It has been an intensely tiring and stressful time at both the individual as well as the institutional levels. However, every cloud has a silver lining, and the resolute spirit of resilience that emerged throughout mankind during this tough time has proven that nothing is impossible, and that there is a way out of even the grimmest of problems if we all stand united.

At CDC, this spirit of resilience has been brilliant and a tremendous source of pride for the entire Organization. As the CDC family, we stood united and resolute; as an Organization, we emerged stronger and more determined in our tenacity to our strategic objectives. Our BCP preparedness over the years helped us in maintaining our operational efficiency without any glitches. Our team members came together to discover and implement new ways to help our customers and partners to rapidly react to the changing nature of business. Not only did we adapt to the new way of conducting business while staying connected but we also launched new products and services to facilitate our clients in responding to the situation. We launched the “E-meetings solution” which supports our client Issuer

companies in complying with the regulatory obligation of holding AGM/EoGM while maintaining complete social distancing. This year also marks the launch of the "Roshan Digital Account" (RDA), an initiative by SBP for digitally on-boarding non-resident Pakistanis (NRPs). It is indeed a matter of great honor that CDC was the chosen entity by SBP to facilitate NRPs in investment in the Pakistan Capital Market through their RDAs by acting as the infrastructure bridge between Banks and capital market entities.

I feel that the challenges and adversity of the year have brought us even closer and stronger, both on the national and institutional levels. Each one of us has played an important role with sincere efforts and commitment throughout these trying times. I can confidently say that 2021 is going to be even bigger and better as we continue to grow as an Organization!

I am honored to share with you our achievements for the year 2019-20 through the Annual Report, which has been launched in multiple digital formats (web pages, video and PDF) in accordance with the digitalization theme which has been spurred with even greater exigency this year. You can access it on https://annualreport.cdcpakistan.com/

I hope and pray that the dawn of the New Year brings hope, health, prosperity and peace for the entire mankind. Take very good care of yourselves and the people around you; it is important that we continue to stay strong, both mentally and spiritually, in such challenging times. I wish you all a very Happy New Year 2021!

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CDC facilitates investment in Pakistan Stock Market by Non Resident Pakistanis through Roshan Digital Account

About Roshan Digital AccountRoshan Digital Account is a landmark initiative by the State Bank of Pakistan to facilitate Overseas Pakistanis in opening a digital / online bank account with SBP designated banks. This account can be opened in only 14 clicks, by providing only 6 documents. In just 48 hours, Roshan Digital Account will be opened. There is no need to visit a bank branch or the consulate/embassy. Through this unique account, Non Resident Pakistanis (NRPs) will be provided convenient access to all conventional bank account services like funds transfer, bills and fee payments, ecommerce & channeling remittances.

This is a hallmark endeavor by SBP for the digital onboarding of about nine million Pakistani diaspora, most of which are outside the country’s financial system. Remittances from this large overseas population are considered a critical asset for Pakistan’s economy.

At present, seven (7) leading domestic banks are facilitating the opening of Roshan Digital Accounts through their web portals / apps. The customer can choose either a Foreign Currency Value Account (FCVA) or a NRP Rupee Value Account (NRV), or both. The funds available in the account can be repatriated from Pakistan anytime without any approval from bank or SBP, thus making remittances very convenient. The Roshan Digital Account also extends value-added benefits for the NRPs by enabling them to take advantage of the lucrative returns of a variety of investment options in their country.

Investment Options available through Roshan Digital AccountRoshan Digital Account also provides an efficient, secure and convenient mechanism for Non Resident Pakistanis (NRPs) to invest in various instruments including:

a. Pakistani rupee-denominated debt securities of Government of Pakistan (including USD or Pakistani-Rupee Naya Pakistan Certificates, T-bills, PIBs, Sukuks and any other registered securities of the government);

b. Shares quoted on the Pakistan Stock Exchange; and

c. Residential and commercial real estate.

For Roshan Digital Account holders keen on investing in the Pakistan Stock Market, CDC acts as the Central Hub by collecting their account information from banks and processing it further to enable them to trade on PSX.

CDC’s selection for this groundbreaking feat comes from its background of unrelenting resolve towards effecting transparency and efficiency and being the only non-banking institution to be granted access by SBP for Custody of Government Securities (RTGS).

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Investing in Pakistan Stock Market through Roshan Digital Account

Role of CDCUpon receiving NRP’s information and credentials from the NRP’s bank, CDC will facilitate in the following procedures:

CDC forwards it to National Clearing Company of Pakistan Limited (NCCPL) for creation and registration of NRP’s Unique Identification Number (UIN)

Creation of UIN by NCCPL

CDC forwards UIN and above mentioned information to NRP’s selected broker

Opening of Trading Accountby Selected Broker

CDC opens CDC Custody Account of the NRP and share its Registration Details with him/her

Opening of Custody Account by CDC

NRVA Facilitationfor Capital

Market Trading

3. ShareKYC

data &documents

4. Share KYC data & documents

1. NRIP Initiates Digital KYC andaccount opening process with

the designated Banks

NRIP

2. NRVA

Account Opened

Cash

APS

NCCPLBrokeragehouses IAS DSS Platform/Hub

14 clicks & 6 documents PLUS Broker Selection

5. Confirm status of UIN creation,trading account & custody account

6. Notify on opening of accounts

SBP designatedbanks1. UBL2. BAFL3. HBL4. MBL5. Samba6. MCB7. FBL

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As part of its efforts to attract Roshan Digital Account holders to opt for Investment in Stock Market, CDC has been aggressively conducting awareness webinars for NRPs in collaboration with Brokers,

Banks, Pakistani Business Councils and Foreign Missions.

Keeping in view of the introduction to the Roshan Digital Account, CDC, in collaboration with multiple

organizations and entities, have organized the following investor awareness webinars for customer facilitations and promote awareness to increase the investor base in Pakistan.

After the aforementioned steps, the NRP will be ready to invest in the Pakistan Stock Market through Roshan Digital Account.

“Overseas Pakistanis are indeed a very valuable asset of our country and the Central Depository Company of Pakistan Limited (CDC) is privileged to facilitate them for investment in one of Asia’s best performing stock markets through their Roshan Digital Account.”

Our service for Roshan Digital Account Holders is especially designed to facilitate Overseas Pakistanis desirous of investing in the stock market through an efficient, secure and convenient process.

On behalf of CDC, I urge Non-Resident Pakistanis to participate in the collective growth of Pakistan’s economy, invest in your own country and employ good investor habits to ensure your investment remains safe and increases in a steady manner.” - Mr. Badiuddin Akber, CEO-CDC.

Awareness Webinars for Roshan Digital Account holders

To bolster efforts to help market participants in understanding Roshan Digital Account and its workings,

awareness sessions were held for TREC holder Participants in Karachi, Lahore and Islamabad. Mr. Badiuddin

Akber, CEO-CDC, led the sessions with a panel comprising of senior representatives from CDC and PSX.

Series of Awareness Sessions for brokers for facilitationof Roshan Digital Account

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CDC’s Support for Roshan Digital Account holdersTo assist Roshan Digital Account holders interested in investing in the stock market, CDC has established a number of dedicated resources including Helpline 92-21-38623275 and Email roshandigital@cdcpak.com. Comprehensive information is also provided on the CDC website.

CDC has facilitated more than 1400 RDA accounts for Capital Market investment (31st Dec 2020)In the last three months since the successful integration of Roshan Digital Account with the Capital Market, CDC Investor Account Services has now crossed over 1400

investor accounts for RDA account-holders, with foreign remittances crossing PKR 274 million (as of 31st Dec 2020). With persistent efforts rendered, CDC is in constant motion to grow this number and further attract more Pakistanis based abroad through a multi-pronged approach.

With the remarkable confidence bestowed by Asset Management Companies on CDC’s Trustee and Custody Services, the Net Assets of the funds and portfolio clients under CDC Trusteeship / Custodianship have crossed rupees One Trillion.

CDC as Trustee in the Mutual Fund industry has attained 97% market share in Net Assets through its performance and gained the confidence of SECP, leading to its recognition as Trustee for Real Estate Investment Trust (REIT) launched in Pakistan. CDC, through its proactive approach and high standards of service, has obtained the leading position in the Trustee & Custodial service sector, currently providing Services to 211 Funds

being managed by various Asset Management Companies (AMCs)/Pension Fund Managers (PFM) with an aggregate fund size of approximately Rs. 953 billion. The success of this journey is standing on the keystone placed by the Management through its vision, employees through their efforts and the Commission through its guidance.

In 2008, CDC started providing custody services to portfolio clients being managed by different Investment Advisors and successfully inducted 269 clients till date with an aggregate size of approximately Rs. 60 billion, covering corporates as well as individuals under the umbrella of its Trustee & Custodial services.

With the launch of each new product, CDC is always brought to the forefront as a co-partner by the Asset Management Companies operating in Pakistan. Realizing the importance of its role, CDC Trustee & Custodial Services always introduces novel solutions and continuous process improvement within the paradigm of IT system infrastructure and human resource support. Besides rendering these services for conventional Mutual & Pension Funds, CDC Trustee & Custodial Services provides services to entities beyond its scope of work, such as rendering services to the Punjab Pension Fund, Exchange Traded Funds and Private Funds.

CDC Trustee and Custodial Services reachesNet Assets of PKR 1 Trillion

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entral Depository Company of Pakistan Limited (CDC) is one of the very few organizations that have been credited consistently for promoting ease of doing business by reimagining business culture through digital transformation. In line with its vision to effect Market Transformation through digitalization, CDC has been working on the concept of a Mutual Fund Digital Platform (MFDP) which has been envisioned to enhance the investor outreach for AMCs by harnessing the power of technology to provide a cost and time efficient solution for investors to invest in a wide range of investment products offered by different fund families. This solution will facilitate investors to perform market and fund analytics, digitally on-board accounts with the AMCs and perform online investment, redemption and conversion transactions. In this regard, CDC (through its subsidiary ITMinds Limited) signed a Memorandum of Understanding with Mutual Funds Association of Pakistan (MUFAP) in

Oct 2020 for the development and implementation of this digital platform aimed to support the Mutual Fund industry.

Mr. Aamir Khan, Chairman - Securities and Exchange Commission of Pakistan (SECP) presided at the MoU Signing Ceremony at the CDC House, Karachi.

At the occasion, describing the features of the platform, CEO-CDC Mr. Badiuddin Akber said that, “This FinTech solution aims to enhance the investor outreach for Asset Management Companies (AMCs) by leveraging the power of technology to provide a convenient, informative and interactive medium for investors to invest in a wide range of investment products offered by different mutual funds.”

Dr. Amjad Waheed-Chairman MUFAP-applauded the efforts of CDC and SECP and said that this initiative will pave the way for the growth of the Mutual Fund Industry.

While addressing the occasion, Chairman SECP - Mr. Aamir Khan said that “This initiative is in line with SECP’s highly recommended course of action for the mutual fund industry which advocates the development of alternate distribution channels and digital platforms. The recent circumstances induced by the pandemic make it all the more exigent for AMCs to undergo complete digital transformation. This platform will facilitate investors from specific market segments and low-risk investors, thus promoting financial inclusion at the grass root level and harvesting the savings culture in Pakistan.”

The audience was also addressed by Mr. Farrukh Sabzwari - Commissioner Specialized Companies Division SECP, Ms. Khalida Habib - Executive Director Specialized Companies Division SECP and Mr. Moin Fudda - Chairman CDC

CDC and MUFAP sign MoU for Mutual Fund Digital Platform (MFDP)

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CDC’s Investor Facilitation Initiatives Investor Services Webinars

DC’s flagship Investor Awareness Seminars have been introduced to ensure knowledge is formally imparted. Previously, these seminars were conducted face-to-face. However, with the recent pandemic, CDC transformed these in-person seminars into investor awareness webinars, yielding the following benefits:

- CDC ensured the safety of its investors, enabling them to take part in these webinars while maintaining social distancing.

- Current account holders and potential investors who seek guidance regarding CDC can attend these webinars from anywhere in the world.

- Participants can easily raise their queries and suggest improvements.

Participants have shown great appreciation and response for these webinars. They keenly show interest and provide feedback that CDC should regularly organize such sessions.

Financial Literacy WebinarTo help improve general public’s confidence on the Pakistan Capital Market, CDC regularly conducts

financial literacy seminars to educate them regarding different investment avenues, encourage their participation and eliminate misconceptions regarding the industry.

Recently, a Financial Literacy Webinar was conducted which was attended by prospective investors from all over the world. Attendees participated through Zoom, and the session was Live on CDC’s Facebook page. The session was conducted by Mr. Akber Tejani (Founder of BeFiler) followed by an interactive Q/A session.

Awareness Webinar with Al-Meezan Investment ManagementCDC organized its flagship Investor Awareness Webinar in collaboration with Al-Meezan Investment Management. Mr. Shariq Naseem, Head of PD and Marketing at CDC and Mr. Talha Anwer, Country Head Sales at Al-Meezan conducted the session, catering to a wide audience and engaging through virtual platforms of Facebook Live and Zoom. The session followed by an interactive Q&A session. The session was lauded by the participants, with emphasis on holding more these sessions like these in the future.

eIPO Promotion (eServices Portal)Centralized eIPO system (CES) has been developed by CDC to provide an efficient, easy and hassle free mechanism to the general public for submitting applications for subscription of securities offered for sale through Initial Public Offerings (IPOs).

Centralized eIPO was promoted through different mediums during the recent IPOs, with new investors that register on the eServices portal. The main purpose of these awareness efforts regarding CES is to educate the retail investors of the benefits and usage of CES. CDC has achieved a number of other feats with the launch of CES that include:

• Increased investor participation in IPOs.

• Promotion of the culture of keeping securities in book entry form, thus obviating the inefficiencies related to paper based securities.

In the recent eIPOs, with the facilitation provided by CDC’s eIPO platform, the electronic subscriptions of the IPOs through CDC’s platform reached the following impressive figures:

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CompanyNo. of new investors

who subscribed through CDC’s IPO Facilitation feature

Subscription through CDC as % of total

subscriptions

Total no. of subscriptions

through CDC’s eIPO platform

Collection amount in PKR

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The Organic MeatCompany Limited 1700 Around 100 million 477 62%

TPL Trakker 1224 38.8 million 474 82%

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OVID-19 has severely disrupted our business routines and work life on a collective level. With social distancing as the prescribed tool to avoid the spread of Coronavirus, virtual contacts have rapidly increased at all tiers. Virtual Meetings have proved the most effective source for meetings and at all levels of business landscape. To harness the power of technology and routing business on schedule, CDC Share Registrar Services Limited started offering services of Video Link (e-meeting solution) to all its clients desirous to conduct their AGMs/EOGMs/ Board Meetings and Corporate Briefing virtually.

In line with its parent company CDC’s strategic objectives and business methodology, CDCSR launched a model of virtual services during COVID-19; majority of CDCSR clients immediately hired these services and conducted meetings virtually at their scheduled time instead of cancelling or postponing them.

CDC Share Registrar Services Limited has taken a lead by conducting various scheduled AGMs/EOGMs/Board Meetings, Election of Directors through E-voting, physical balloting and Corporate briefings of various client companies including Multinationals, Banks and FMCGs. Apart from that, it is notable to mention that virtual services were also obtained by the companies which are not currently CDCSR clients to conduct their AGMs/EOGMs. All support services including WhatsApp, connectivity, voice control, complete video recording were exercised and the same were lauded and appreciated by all clients. CDC Share Registrar Services Limited is the only Registrar in Pakistan who is successfully providing video link services. CDCSR has adopted this solution to broaden its horizon and pave the way for maximizing clientele and improving business relationships.

CDC Share Registrar Services (CDCSR) Launches Virtual Meeting Solution to conduct AGM and EOGM Meetings

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ITMinds Limited, a CDC Subsidiary, acquires distributorship for Mutual Funds/ Voluntary Pension Schemes

ITMinds Limited, a CDC Subsidiary, in its decision to implement and operate the online distributorship platform for Mutual Funds, has acquired the license to act as Distributor for Mutual Funds/Voluntary Pension Schemes (VPS) of various Asset Management Companies. ITMinds has secured its dedicated license of Securities Adviser from the Securities & Exchange Commission of Pakistan (SECP) under Securities and Futures Advisers (Licensing and Operations) Regulations, 2017.

ITMinds will be implementing and operating the Mutual Fund Digital Platform which will function as a digital distributorship platform for the mutual funds of various Asset Management Companies. The distinctive feature that makes this service unique in the industry is end-to-end process digitization.

This implies that all steps implicated from the point of bringing an investor on board to the executing of transactions will be conducted through an entirely digitized medium. With the introduction of novel solutions in its service portfolio, ITMinds aims to continue maintain its position and expand its horizons to achieve all current and future endeavors.

Public and Private Companies can issue shares by way of rightIn line with the regulations prescribed by CDC, Public Unlisted Companies and Private Companies can issue shares by way of right in the CDS after fulfilling procedural requirements. In addition to this, the requirement of issuing unpaid shares in the CDS has been relaxed for companies.

Updation of CNIC and other critical records in the CDSAll CDS Elements have been notified to update their CNIC to avoid any legal consequences and to continue routine business operations.

Requirement of an Independent Share Registrar AgentIssuers (other than Private Company and Single Member Company) are hereby duly informed that all securities of an Issuer listed at the Stock Exchange are mandated to have an Independent Share Registrar Agent as prescribed in the Share Registrars and Balloters Regulation, 2017.

Participant’s authorization of a secondary emergency contact All Pakistani residents who are Sub-Account Holders can now submit the contact number of a close family member upon a duly signed authorization letter from the respective participant under a prescribed format given by CDC.

Singular Pledge Transactions authorized by Sub-Account Holders & Due Approvals All Independent Pledge Transactions must be authorized from the Sub-Account upon the authorized notification of the Sub-Account holder in favor of the Eligible Pledgee & the Clearing House. Further, it is mandatory for Participants to notify Eligible Pledgees in a timely fashion that they have received the due authorization required for each pledge transaction, submitted in a format prescribed by CDC.

No modifications or account activity to be undertaken on behalf of Participants It is hereby obligatory for all Participants to not make any changes on forms such as Sub-Account Opening Form, Customer Relationship Form and the Sahulat Account Opening Form. Additionally, any transaction handling done without prior submission of the Sub-Account Opening Form, Customer Relationship Form or the Sahulat Account Opening Form is strictly prohibited.

Submission of RTA Reconciliation ReportAn RTA Reconciliation Report vetted by external auditors must be duly submitted by Issuers within four (4) months of the end of financial year as prescribed in CDC Procedures.

Submission of Free Float Securities in the CDSIn line with the mandatory requirement published by PSX, all listed Issuers/RTA, after complete review and inspection, are mandated to submit authentic information regarding Free Float Securities in the CDS.

Updation of Cash Dividends Issuer is mandated to upload all cash dividends to CDC via the Centralized Cash Dividend Register (CCDR) within seven days after dividends have been disbursed in a format prescribed by CDC.

Remote Education via NMS: Vital Messages Sent to CDS Elements

Multiple messages were sent to CDS Elements in continuation of CDC’s endeavor to educate them about their role and associated responsibilities.

CDS Updates and Regulatory Changes

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Regularization of Terminals used for Work from Home

(Circulars: May 28, 2020)

To further solidify the ambit of digital access for CDS elements and tighten security protocols to yield secure and incessant service, CDC has extended the process of regularizing unregistered terminals that were brought to us during the initial timeframe of the lockdown. Those registered will see a list of HDD Serial Numbers connected to all terminals with regards to Work-from-Home strategy. Others that remain unregistered are obliged to submit their details to be authorized under CDC.

Reduction in CDC Tariff Structure

(Circular: July 01, 2020)

As part of CDC’s resolve to render continuous support to capital market investors and stakeholders, CDC has significantly reduced its tariff as stated in the Fees and Deposit Schedules. CDC has rationed its tariff structure, greatly benefiting its stakeholders and further strengthening investor confidence in Pakistan’s growth and progress.

Amendments in Licensing Regulations of the SRO’s

(Circular: August 21, 2020)

In the light of the recent amendments made in the Securities Exchanges (Licensing and Operations) Regulations, 2016, Central Depositories (Licensing and Operations) and Clearing House (Licensing and Operations) Regulations, 2016, all due changes have been communicated for the understanding of the public for due diligence.

Final Extension in Deadline for Implementation of Zakat Repository System

(Circular: September 03, 2020)

Multiple circulars have been sent to the Participants and Issuers regarding the submission of Zakat Forms (CZ-50). Given the current scenario due to COVID-19, after great discussion undertaken by the Pakistan Stock Broker’s Association, extension was granted till the 31st of October 2020. No further extension shall be granted in this regard; thereby, all Participants have been advised to duly compile, scan and upload their completed forms under their respective Participant ID by the due deadline to avoid any discrepancy or delay.

Simpli�cation of Account Opening Forms

(Circulars: October 29, 2020)

Ease of doing business is the number one priority on the reform agenda of the Securities and Exchange Commission of the Pakistan (SECP). In line with its vision to creating an environment supportive of investment and efficient business operations, the Board of Directors at CDC have given their due approval for the amendments in account opening forms for customer facilitation. These forms include Customer Relationship Form (CRF), Sahulat Account Opening Form (Sahulat Form), Sub-Account Opening Form (SAOF) and Sub-Account Opening Form for Bank Participants (SAOF – Bank Participant). Hence, with immediate effect, all Terms and Conditions (T&C’s) submitted prior to signatures of the customer and Participant shall now be removed and submitted as Annexure at the time of account opening.

Revision in Annual Fee of CDC Tariff Structure

(Circular: October, 23, 2020)

Investor Protection has been the number one priority at CDC. CDC is involved in creating novel and advance solutions to make sure that customer facilitation is delivered in full. In line with this resolve, CDC has made revisions in the Annual Fee charged in the CDC Tariff Structure. This would greatly benefit all stakeholders, further strengthening investor confidence in the Pakistan Capital Market.

Limit on Assets under Custody (AuC) for TREC holders with FYE June 30, 2020

(Circular: October 22, 2020)

CDC has iterated to all Participants of the Pakistan Capital Market to submit their Capital Adequacy Level as of June 30, 2020 latest by October 30, 2020. It is to further clarify that either one of the following that require submission:

1. Submit their Capital Adequacy Level; or

2. Annual Financial Statements that disclose the same

All Participants are further mandated that only true copies of the financial statements that been accepted for this submission.

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STATISTICAL HIGHLIGHTS

BREAKUP OF SECURITIES TYPE OF ELEMENTS

AS OF DECEMBER 31, 2020

45Open End Units

123TFCs / Sukkuk15

Prefernce Shares

Pledgees93

633

Participants /Account Holders

Issuers795Ordinary Shares

776

CENTRAL DEPOSITORY SYSTEM (CDS)

TRUSTEE & CUSTODIAL SERVICES

493

Total Number of Mutual Funds, Pension Funds & Discretionary Portfolios Assets under Trustee-ship

1,113 Billion

ITMINDS LIMITEDParticulars Numbers Assets Size in Millions

Mutual Funds 48 95,388

Retirements Funds 19 29,682

Portfolio Clients 3 1,149

TOTAL 70 126,219

THK13

FAMCO24

CDC39

Others13

Corplink

11

MARKET SHARE OF CDC R/TA IN KSE 100 INDEX (%)

SHARE REGISTRAR SERVICES(IN TERMS OF %)

Listed Companies 112

Unlisted Companies 101

Total Securities 213

Physical Folios 324,080

Client Companies

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Indi

vidu

al In

vest

or A

ccou

nt

Cor

pora

te In

vest

or A

ccou

nt 41

,023

Kar

achi

No. of Accounts 59,919

No. of Securities (In Bln) 92.96

1,44

2 11,

150 L

ahor

e54

6 5,6

27

Isla

mab

ad13

1

No. of IAS Accounts 59,919

Activation of IVR/WEB 34,955

Activation of SMS 46,637

INVESTOR ACCOUNT SERVICES (IAS)AS OF DECEMBER 31, 2020

AS OF DECEMBER 31, 2020ACTIVATIONS (FOR IAS CUSTOMERS)

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SECURITIES INDUCTED INTO CDS S. No. Security Name Security Type Live Date

1 K-electric Limited - Islamic Commercial Paper (ICP-5) Debt Instruments 2-Apr-20

2 K-electric Limited - Islamic Commercial Paper (ICP-6) Debt Instruments 7-Apr-20

3 Meezan Bank Ltd-tier Ii Mudaraba Sukuk Certificate-2nd Issue Debt Instruments 9-Apr-20

4 Tez Financial Services Limited Ordinary Shares 10-Apr-20

5 Oil Processors & Refiners (Private) Limited Ordinary Shares 17-Apr-20

6 K-electric Limited - Islamic Commercial Paper (ICP-7) Debt Instruments 7-May-20

7 Bankislami Ehad Sukuk (21-04-2020) Debt Instruments 11-May-20

8 Jaag Broadcasting Systems (Private) Limited Ordinary Shares 19-May-20

9 Pakistan Energy Sukuk - II Debt Instruments 21-May-20

10 K-electric Limited - Islamic Commercial Paper (ICP-8) Debt Instruments 5-Jun-20

11 Pakistan Mortgage Refinance Company Limited-TFC1 Debt Instruments 23-Jun-20

12 Nrsp Agriculture Processing Company Limited Ordinary Shares 23-jun-20

13 Askari Bank -TFC- VII Debt Instruments 30-jun-20

14 Malir Expressway (Private) Limited Ordinary Shares 2-Jul-20

15 D. D Exchange Company (Pvt) Limited Ordinary Shares 10-Jul-20

16 Lakeside Energy Limited Ordinary Shares 30-Jul-20

17 The Hub Power Company Limited-sukuk Certificates (5th Issue) Debt Instruments 3-Aug-20

18 Excel Labs (Private) Limited Ordinary Shares 10-Aug-20

19 K-electric Limited - Sukuk-5 (03-08-2020) Debt Instruments 19-Aug-20

20 The Hub Power Company Limited-sukuk Certificates (6th Issue) Debt Instruments 19-Aug-20

21 Marine International Container Terminal (Private) Limited Ordinary Shares 26-Aug-20

22 Pakistan Inyermodal Limited Ordinary Shares 26-Aug-20

23 Din Developments Private Limited Ordinary Shares 26-Aug-20

24 Alhamra Islamic Money Market Fund Open End Fund 8-Sep-20

25 Power Cement Limited - Preference Shares Preference Shares 15-Sep-20

26 Meezan Pakistan Exchange Traded Fund Open End Fund 17-Sep-20

27 Gelcaps (Pakistan) Limited Ordinary Shares 23-Sep-20

28 Pearl Ceramics (Private) Limited Ordinary Shares 23-Sep-20

29 Naveena Exports Limited Ordinary Shares 28-Sep-20

30 Nbp Pakistan Growth Exchange Traded Fund Open End Fund 29-Sep-20

31 Act2 Wind (Private) Limited Ordinary Shares 2-Oct-20

32 K-electric Limited - Islamic Commercial Paper (ICP-9) Debt Instrument 14-Oct-20

33 Agha Steel Industries Limited Ordinary Shares 15-Oct-20

34 K-electric Limited - Islamic Commercial Paper (ICP-10) Debt Instrument 28-Oct-20

35 Sadaqat Limited - TFC Debt Instrument 29-Oct-20

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SECURITIES DELISTED/REVOKED FROM CDS S. No. Security Name Security Type Delist Date

1 K-electric Limited - Islamic Commercial Paper (ICP-A) Debt Instruments 11-Apr-20

2 Cirin Pharmaceuticals (Private) Limited Ordinary Shares 6-May-20

3 K-electric Limited - Islamic Commercial Paper (ICP-3) Debt Instruments 8-May-20

4 Treet Corporation Ltd.-ptc (Redundant Date 10-10-2019) Debt Instruments 4-Jun-20

5 Foundation Wind Energy - II (Private) Limited Ordinary Shares 23-Jun-20

6 Foundation Wind Energy - I Limited Ordinary Shares 23-Jun-20

7 K-electric Limited - Islamic Commercial Paper (ICP-5) Debt Instrument 8-Sep-20

8 K-electric Limited - Islamic Commercial Paper (ICP-6) Debt Instrument 23-Sep-20

9 Engro Corporation Ltd-islamic Rupiya-sukuk2 (10-06-14) Debt Instrument 30-Sep-20

10 K-electric Limited - Islamic Commercial Paper (ICP-7) Debt Instrument 13-Oct-20

11 Refund Bond Debt Instrument 28-Oct-20

12 Refund Bond - 1 (27-06-22) Debt Instrument 28-Oct-20

13 Refund Bond - 2 (31-07-22) Debt Instrument 28-Oct-20

14 Refund Bond - 3 (02-09-22) Debt Instrument 28-Oct-20

15 K-electric Limited - Islamic Commercial Paper (ICP-8) Debt Instrument 6-Nov-20

16 Naveena Exports Limited Ordinary Shares 10-Nov-20

17 Sui Southern Gas Company Limited - Certificate Of Leasing - II Debt Instrument 17-Dec-20

18 Sui Southern Gas Company Limited - Certificate Of Leasing - III Debt Instrument 17-Dec-20

19 Sui Southern Gas Company Limited - Certificate Of Leasing - IV Debt Instrument 21-Dec-20

20 Malir Expressway (Private) Limited Ordinary Shares 22-Dec-20

21 Pak Elektron Limikted - Commercial Paper (4th Issue) Debt Instrument 23-Dec-20

S. No. Security Name Security Type Live Date

36 K-electric Limited - Islamic Commercial Paper (ICP-11) Debt Instrument 11-Nov-20

37 K-electric Limited - Islamic Commercial Paper (ICP-12) Debt Instrument 25-Nov-20

38 Dollar East Exchange Company (Private) Limited Ordinary Shares 18-Nov-20

39 Eclear Services Limited Ordinary Shares 30-Nov-20

40 Abl Islamic Cash Fund Open End Fund 30-Nov-20

41 Aeg Enterprises (Private) Limited Ordinary Shares 9-Dec-20

42 Tpl Property Management (Private) Limited Ordinary Shares 15-Dec-20

43 K-electric Limited - Islamic Commercial Paper (ICP-13) Debt Instrument 16-Dec-20

44 Eman Management (Private) Limited Ordinary Shares 24-Dec-20

45 Engro Polymer & Chemicals Limited - Preference Shares Preference Shares 30-Dec-20

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1 K-electric Limited - Islamic Commercial Paper (ICP-5) New Issue Debt Instrument 15-Apr-20

2 K-electric Limited - Islamic Commercial Paper (ICP-6) New Issue Debt Instrument 16-Apr-20

3 Meezan Bank Ltd-tier Ii Mudaraba Sukuk Certificate-2nd Issue New Issue Debt Instrument 22-Apr-20

4 K-electric Limited - Islamic Commercial Paper (IP-7) New Issue Debt Instrument 6-May-20

5 Bankislami Ehad Sukuk (21-04-2020) New Issue Debt Instrument 8-May-20

6 Pakistan Energy Sukuk - II New Issue Debt Instrument 20-May-20

7 K-electric Limited - Islamic Commercial Paper (ICP 8) New Issue Debt Instrument 4-Jun-20

8 Pakistan Mortgage Refinance Company Limited-TFC1 New Issue Debt Instrument 19-Jun-20

9 Matco Foods Limited New Issue - Final Tranche Ordinary Shares 24-Jun-20

10 Bankislami Ehad Sukuk Pk (21-04-2020) New Issue - 2nd Tranche Debt Instrument 26-Jun-20

11 Askari Bank Limited - TFC VII New Issue Debt Instrument 29-Jun-20

12 The Organic Meat Company Limited New Issue Ordinary Shares 29-Jul-20

13 The Hub Power Company Limited - Sukuk Certificates (5th Issue) New Issue Debt Instruments 30-Jul-20

14 TPL Trakker Limited New Issue Ordinary Shares 6-Aug-20

15 The Hub Power Company Limited-sukuk Certificates (6th Issue) New Issue Debt Instrument 18-Aug-20

16 K-electric Limited - Sukuk 5 (20-08-2020) New Issue Debt Instrument 18-Aug-20

17 Tpl Trakker Limited (IPO 2nd Tranche) New Issue Ordinary Shares 24-Aug-20

18 The Organiic Meat Company Limited New Issue (2nd Tranche) Ordinary Shares 3-Sep-20

19 Bankislami Ehad Sukuk (21-04-2020) New Issue (3rd Tranche) Debt Instrument 4-Sep-20

20 K-electric Islamic Commercial Paper - (ICP-09) New Issue Debt Instrument 13-Oct-20

21 K-electric Islamic Commercial Paper - (ICP-10) New Issue Debt Instrument 14-Oct-20

22 Agha Steel Industries Limited New Issue Ordinary Shares 27-Oct-20

23 Sadaqat Limited - TFC New Issue Debt Instrument 28-Oct-20

24 K-electric Limited - Islamic Commercial Paper (ICP 11) New Issue Debt Instrument 7-Nov-20

25 K-electric Limited - Islamic Commercial Paper (ICP 12) New Issue Debt Instrument 24-Nov-20

26 Eclear Services Limited New Issue Ordinary Shares 27-Nov-20

27 Tpl Property Management (Private) Limited New Issue Ordinary Shares 14-Dec-20

28 K-electric Limited - Islamic Commercial Paper (ICP-13) New Issue Debt Instrument 15-Dec-20

29 Engro Polymer & Chemicals Limited - Preference Shares New Issue Preference Shares 29-Dec-20

CORPORATE ACTIONSCREDIT OF NEW ISSUES/OFFER FOR SALE

S. No. Security Name Issue Type Security Type Apply Date

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CREDIT OF SHARES / CERTIFICATE AGAINST RIGHT ISSUE / FURTHER ISSUE S. No. Security Name Issue Type Apply Date

1 Pak Oman Asset Management Company Limited Right Issue 1-Apr-20

2 Azgard Nine Limited Right Issue 15-Apr-20

3 Azgard Nine Limited - Non Voting Ordinary Shares Right Issue 15-Apr-20

4 Ismail Industries Limited Right Issue 16-Apr-20

5 Advans Pakistan Microfinance Bank Limited Right Issue 24-Apr-20

6 Gul Ahmed Electric Limited Right Issue 28-Apr-20

7 Sazgar Engineering Works Limited Right Issue 30-Apr-20

8 U Microfinance Bank Limited Further Issue 5-May-20

9 Dawood Lawerencepur Limited Right Issue 12-May-20

10 Fauji Fresh N Freeze Limited Right Issue 20-May-20

11 Indus Wind Energy Limited Right Issue 21-May-20

12 Zephyr Power (Private) Limited Right Issue 5-Jun-20

13 Naymat Collateral Managment Company Limited Right Issue 5-Jun-20

14 Din Energy Limited Right Issue 8-Jun-20

15 Habib Asset Management Limited Right Issue 5-Jun-20

16 Lucky Electric Power Company Limited Right Issue 15-Jun-20

17 Hub Power Holdings Limited Right Issue 19-Jun-20

18 Naymat Collateral Managment Company Limited Right Issue (2nd Tranche) 22-Jun-20

19 Naveena Steel Mills Private Limited Right Issue 24-jun-20

20 Jaag Broadcasting Systems (Private) Limited Right Issue 24-Jun-20

21 Thar Energy Limited Right Issue 30-Jun-20

22 International Packaging Films (Private) Limited- Right Issue 21-Jul-20

23 Metro Pakistan (Private) Limited Right Issue 23-Jul-20

24 Pakistan Refinery Limited Right Issue 24-Jul-20

25 Treet Corporation Limited Further Issue (Esos) 24-Jul-20

26 Advans Pakistan Microfinance Bank Limited Right Issue 3-Aug-20

27 Ranipur Sugar Mills Private Limited Right Issue 21-Aug-20

37 Luna Pakistan (Private) Limited Right Issue 3-Sep-20

38 Mandviwalla Mauser Plastic Industries Limited Further Issue 14-Sep-20

39 Power Cement Limited - Prefrence Shares Right Issue 15-Sep-20

40 Power Cement Limited - Prefrence Shares Right Issue (2nd Tranche) 17-Sep-20

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S. No. Security Name Issue Type Apply Date

41 Metro Wind Power Limited Right Issue 18-Sep-20

42 Unity Foods Limited Right Issue 22-Sep-20

43 Lucky Electric Power Company Limited Right Issue 22-Sep-20

44 Orthopaedic And Medical Institute (Pvt) Limited Right Issue 22-Sep-20

45 Indus Wind Energy Limited Right Issue 23-Sep-20

46 Gul Ahmed Electric Limited Right Issue 28-Sep-20

47 Advans Pakistan Microfinance Bank Limited Right Issue 30-Sep-20

48 Mandviwalla Mauser Plastic Industries Limited Further Issue (Without Right Offer) 19-Sep-20

49 Indus Wind Energy Limited Right Issue 5-Oct-20

50 Interloop Holdings (Private) Limited Right Issue 13-Oct-20

51 Askari Life Assurance Company Limited Right Issue 24-Nov-20

52 Tpl Life Insurance Ltd Right Issue 25-Nov-20

53 Hinopak Motors Limited Right Issue 10-Dec-20

54 1link (Private) Limited Right Issue 17-Dec-20

55 Synthetic Products Enterprises Limited Right Issue 23-Dec-20

56 Lucky Electric Power Company Limited Right Issue 24-Dec-20

57 Nadeem Textile Mills Limited Further Issue (Other Than Right) 28-Dec-20

58 Hbl Asset Management Limited Right Issue 28-Dec-20

CREDIT OF UNPAID RIGHTS S. No. Security Name Apply Date

1 Pakistan Refinery Limited 4-Jun-20

2 Unity Foods Limited - LoR 3-Aug-20

3 Power Cement Limited-loR 3-Aug-20

4 Askari Life Asurance Company Limited - LoR 1-Oct-20

5 Hinopak Motors Limited - LoR 19-Oct-20

6 Synthetic Products Enterprises Limited - LoR 2-Nov-20

7 Fauji Fertilizer Bin Qasim Limited - LoR 23-Nov-20

8 The Searle Company Limited - LoR 26-Nov-20

9 The Searle Company Limited - LoR (2nd Tranche) 30-Nov-20

10 Ghani Global Holdings Limited - LoR 1-Dec-20

11 Mitchell's Fruit Farms Limited - LoR 1-Dec-20

12 BRR Guardian Modaraba - LoR 24-Dec-20

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1 Biafo Industries Limited B@10% 6-apr-20

2 Clover Pakistan Limited IB@25% 20-apr-20

3 Tariq Glass Industries Ltd B@50% 20-apr-20

4 Jubilee Life Insurance Company Limited B@10% 21-apr-20

5 The United Insurance Company of Pakistan Limited B@13% 11-may-20

6 Pakistan Oxygen Limited B@20% 18-may-20

7 Jubilee General Insurance Company Limited B@10% 20-may-20

8 Highnoon Laboratories Limited B@10% 5-jun-20

9 Cyan Limited B@05% 12-jun-20

10 Avanceon Limited B@10% 22-jun-20

11 Atlas Insurance Limited B@10% 25-jun-20

12 NBP Exchange Company Limited B@16.6% 3-jul-20

13 Service Industries Limited B@25% 10-aug-20

14 Meezan Bank Limited B@10% 25-sep-20

15 Colgate-palmolive (Pakistan) Limited B@10% 21-oct-20

16 Sazgar Engineering Works Limited B@30% 5-nov-20

17 Orix Leasing Pakistan Limited B@05% 5-nov-20

18 Descon Oxychem Limited B@16% 10-nov-20

19 Ferozsons Laboratories Limited B@20% 12-nov-20

20 Century Paper & Board Mills Limited B@20% 12-nov-20

21 National Foods Limited B@25% 16-nov-20

22 Biafo Industries Limited B@10% 18-nov-20

23 Central Depository Company of Pakistan Limited B@25% 18-nov-20

24 Suraj Cotton Mills Limited B@10% 18-nov-20

25 First Udl Modaraba B@10% 19-nov-20

26 Central Depository Company of Pakistan Limited (2nd Tranche) 20-nov-20

27 Ashfaq Textile Mills Limited B@10% 20-nov-20

28 J. K. Spinning Mills Limited B@40% 23-nov-20

29 AT-Tahur Limited B@10% 26-nov-20

30 East West Insurance Company Limited B@15% 29-dec-20

S.No. Security Name % Of Bonus Declared Apply Date

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CREDIT OF BONUS ISSUE

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19

DETAIL OF CHANGE OF R/TA (LISTED & UNLISTED) S. No. Security Name From To Effective Date

1 Idrees Textile Mills Limited NI Associates Pvt Limited Jwaffs Registrar Services (Private) Limited 21-May-20

2 Hum Network Limited CDC Share Registrar Services FD Registrar Services Pvt Limited 23-Jul-20

3 Bunnys Limited Your Secretary (Private) Limited FD Registrar Services Pvt Limited 27-Jul-20

4 First Pak Modaraba FD Registrar Services Pvt Limited THK Associates Limited 30-Jul-20

5 Quetta Textile Mills Limited Najeeb Consultants (Pvt) C & K Management Limited Associates Pvt Limied 21-Aug-20

6 Olympia Mills Limited Najeeb Consultants (Pvt) C & K Management Limited Associates Pvt Limied 21-Aug-20

7 Ijara Capital Partners Limited CDC Share Registrar Services Ijara Capital Limited Partners Limited 10-Nov-20

8 1Link (Private) Limited 1link (Private) Limited CDC Share Registrar Services Limited 1-Dec-20

9 Pak Leather Crafts Limited Pak Leather Crafts Limited Jwaffs Registrar Services (Private Limited 28-Dec-20

10 Pakistan Oilfields Limited Pakistan Oilfields Limited CDC Share Registrar Services Limited 28-Dec-20

SHARES TRADED AT PSX DURING LAST 6 MONTHS

July 8,923.18 2,353.90 7,294,276.09August 10,581.67 2,478.25 7,650,369.99September 13,650.74 3,188.04 7,643,098.97October 8,635.92 2,995.63 7,399,629.18November 6,533.65 2,374.39 7,553,511.27December 11,516.89 3,365.96 8,035,363.50

FUTURE CONTRACT (NO. IN MILLION)

READY (NO. IN MILLION)

MARKET CAPITALIZATION(RS. IN MILLION)MONTH CLOSING

TURNOVER OF SHARES

AS OF DECEMBER 31, 2020PSX AND CDS SUMMARY

*Excluding GoP holding

44,00043,50043,00042,50042,00041,50041,00040,50040,00039,50039,000

PSX 100 INDEX DURING LAST 6 MONTHS

July August September October November December

39,258

41,11140,571

39,888

41,069

43,755

1 Listed Companies at PSX 531 2 Listed Capital at PSX (in Billion) 1421.09 3 Number of Shares in the CDS (in Billion) 155.36 4 Units of Open-End funds in CDS (in Million) 399.81 5 Units of TFCs, Sukuks and Bonds in CDS (in Million) 131.35 6 Market Capitalization in PSX (in Billion) 8035.36 7 Market Capitalization of shares in CDS (in Billion) 5,412.39 8 Percentage of shares in CDS w.r.t. Share Capital* 88.41%

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