NCCPL revises Margin Eligible Securities list, adds 19 stocks

According to Mettis Global, the National Clearing Company of Pakistan (NCCPL) has revised its list of Margin Eligible Securities after a quarterly review. Category A now carries 79 securities and Category B carries 57, under a list that starts on October 30, 2026. Clearing members must bring the collateral they deposit into line with the revised list before that date.

Nineteen securities were added, three of them to Category A: Aisha Steel Mills, Beco Steel and National Refinery. The other 16 additions sit in Category B, including Amreli Steels, Gul Ahmed Textile Mills and Kohinoor Textile Mills. Five securities were dropped, while Engro Polymer & Chemicals, Habib Metropolitan Bank, Hum Network and Zarea moved from Category A to B because their impact cost exceeded 2.

Highnoon Laboratories and Treet Battery moved up from Category B to A on impact cost below 1, while 15 securities can still be pledged but face a 15% haircut, including Honda Atlas Cars, Pioneer Cement, IGI Holdings, Indus Motor Company and Pakistan Tobacco Company. The list also covers nine exchange traded funds, government sukuk, investment bonds and bills, and 22 banks eligible to issue bank guarantees.