Important Notice:

We recommend you to use efficient trading application TradeGURU for faster speed and better performance.

FAQs

What are right shares?

A rights share is an issuance of new shares to existing shareholders. These are not free however they are usually below the current market price. Issuance of these new shares to existing shareholders is known as Right shares.

Why does a Company issues Right Shares?

A rights issue occurs when a company needs to raise extra capital or a company requires liquidity.


How can an AceXS Online Trade Account holder be entitled to receive these shares?

If the share holder holds the shares in his security holding during the spot period, till the date of book close, then one is entitled to receive the Right shares.

How many shares will you get?

If you have 1000 shares of a certain company which announces 25 % rights then you will receive 250 Right shares.

How can a right share be beneficial for the shareholders?

The major benefit a shareholder gets is that the rights issued, are usually below current market price, which leads them to obtain profits.

How do you know that you have received the Right Shares?

Once the shares are credited in your account, it appears with a symbol R. For example TELE right, denoted by TELER.

Can you purchase extra right shares?

There is no obligation to purchase extra share. You may purchase them from the market as the trading of rights shares starts just after these have been issued to the shareholders.

Can these right shares be converted into ordinary shares?

Yes, you may feel free to convert them to ordinary shares.
Procedure to convert the Right shares into ordinary shares.

The company announces a date by which you have to subscribe your right shares (if not sold). You may send us your subscription request via email. Your request is processed and the rights are subscribed by debiting the equivalent amount against the right shares from your AceXS Online Trade Account.

On which rate is the right share subscribed?

The rate of subscription depends on the face value. If a company issues rights shares at a premium then, the premium is added to the face value (Par Value). If the company issues at a discount then the discounted amount is subtracted from the face value. The final value is the amount, which is debited per shares against your holding of Right shares.

How much time does the conversation take?

Right shares are converted into ordinary shares and appear in your AceXS Online Trade account after 5 to 6 weeks of the date of subscription.

When to or when not to subscribe your right shares?

The under stated scenario will help you to decide, whether to subscribe your right shares or sell them in the market. Remember, you may always buy more right shares from the market if required.


Example.

You receive a right share of XYZ and the market price for that right share is Rs.3.00 per share. If you wish, you may sell the rights in the market.



But if you subscribe the right share at Rs.10 per share, and if the market price of ordinary XYZ is 15.00 and you sell it after the conversion, then you have a benefit of Rs.5.00 per share.



NOTE: If the company’s ordinary shares are traded in the market below the par value and the company offers the right at the rate of par value, then ordinary shares are usually purchased from the market rather than subscribing the rights.

Notices

Important Notice

Our CDC group account number can only be used by our customers for their successful applications in upcoming IPOs.ACEXS will not credit anyapplication of customers' relative/friend/Family in their ACEXS account.Therefore, customers are advised not to use our CDC group account number for anyone other than themselves. All customers are informed that ACEXS will not entertain requests for internal transfers of funds/shares from one ACEXS account to another. Customers are requested to mention their USER ID on reverse of Cheques/T.O and Cash Deposit slips.ACEXS will not process any cheque/T.O or CashDeposit Slip without customer User ID mentioned on the back.

Secure Your AceXS Online Account

For security reasons, we strictly recommend all our clients to change their AceXS Online account password and trading PIN frequently. You are requested not to share your password or PIN with any one even with your family members. It is your responsibility to maintain the confidentiality of your password and trading PIN. AceXS Online shall not be liable for any loss that you may incur as a result of any illicit use of your account or password.


CVT Charges

The Karachi Stock Exchange has sent us a notice regarding new taxes in the Finance Act 2004. Following charges will be in effect from July 01, 2004

* 0.01% CVT will be charged on purchase of all items. For example, If you purchase 100 OGDC shares at Rs. 60 per share, In this case Paisa 0.60 will be charged as CVT (100*60*0.01% = 0.60)
* 0.005% withholding Tax (WHT) will be charged on sale of all items. For example, if you sale 100 OGDC shares at Rs. 60 per share, in this case Paisa 0.30 will be charged as WHT (100*60*0.005% = 0.30)

All charges will appear in your AceXS Online monthly account statement.

“For refunds/adjustments of Taxes paid in respect of CVT as well as sub-section1 ( c ) of Section 233A of Income Tax Ordinance, 2001, the assessed shall submit documents directly to Central Board of Revenue CBR. In this connection members’ bills to their clients be considered as prima facie evidence for the taxes so paid.”
For details please visit www.kse.net.pk


List of 14eligible Badla/COT securities

Pakistan Telecommunication Ltd (PTC)
Oil & Gas Development Corporation (OGDC)
National Bank Limited (NBP)
Fauji Fertilizer Bin Qasim (FFBL)
Dera Ghazi Khan Cement (DGKC)
Pakistan State Oil (PSO)

Pakistan PTA (PPTA)
Pakistan Oil Fields Limited (POL)
Pakistan Petroleum Ltd. (PPL)
Sui Northern Gas Pipeline (SNGP)
Bank of Punjab (BOP)
Muslim Commercial Bank Ltd (MCB)
Fauji Cement Limited (FCCL)
Hub Power Company Ltd (HUBC)

Shares Transfer Procedure

Transfer your shares from AceXS Online Group Account to your AceXS Online account.
If the shares are not credited to your AceXS Online account, kindly send us an email at info@acexs.com with your Account ID, Full Name, NIC Number and Application Number. Make sure that the email address should be the same as mentioned in your account opening form.

Transfer securities from AceXS Online A/C to CDC investor's A/C
You may transfer your shares from your AceXS Online account to your CDC investor account by simply sending us an email at info@acexs.com. Make sure to mention CDC account holder’s participant name and ID in your email

Physical shares are not acceptable at AceXS Online
Physical shares cannot be transferred into your account. You will need to transfer your physical shares into CDC shares through the Central Depository Company of Pakistan.

CDC can be reached at 111-111-900

Right Share
Right shares can be subscribed through email by debiting your AceXS Online account


Dividend has been dispatched for the following:

*

Pakistan Oil Fields
*

Ferozsons Labortaries
*

Treet Corporation
*

Askari Leasing
*

Ecopack
*

Bolan Casting
*

Indus Motors
*

Pakistan Refinery
*

Merit Packaging
*

Union Leasing
*

Pakistan Services
*

Wah Noble Chemicals
*

Allwin Engineering
*

Agriauto Industries
*

Dadex Eterint
*

B.R.R International Modaraba
*

National Foods
*

Millat Tractor
*

Kohinoor Energy
*

Baifo
*

Fecto Cement
*

DG Khan Cement
*

Berger Paints
*

Sui Southern Gas
*

Pak Elektron
*

Modaraba Al-Mali
*

Network Leasing
*

Shabbir Tiles
*

Nestle Milk Pak
*

Leather Up
*

Rupali Polyester
*

Escorts Investment Bank
*

Muree Brewery
*

Jahangir Siddique & Co
*

P.T.C.L
*

First Dawood Investment Bank
*

Ghani Glass
*

Guradian Leasing Modaraba
*

Essa Cement
*

Grays Leasing
*

Dewan Farooq Motors
*

Sitara Chemicals
*

IBL Modaraba 1st
*

Pak Data Com
*

Bestway Cement
*

Ibrahim Leasing
*

Al-Noor Modaraba
*

Shezan International
*

Pak Leather
*

Pakistan Tobacco
*

Huffaz Seamless Pipe
*

Oil & Gas Development Company
*

Shifa International Hospital
*

1st Pak Modaraba
*

1st Paramount Modaraba
*

United Distributors Pakistan
*

1st Constellation Modaraba
*

Al-Khair Gadoon
*

Sitara Energy
*

Crescent Star Insurance
*

Engro Chemicals
*

Pakistan Petroleum
*

FFC Jordan
*

Fauji Fertilizer
*

1st Elite Capital Modaraba

Bonus has been dispatched for the following:

*

Cresent Leasing
*

Muree Brewery Co.
*

Ferozsons Laboratories
*

Atlas Battery
*

Atlas Investment Bank
*

Ghani Glass
*

BSJS Balance Fund
*

Millat Tractor
*

Crescent Steel
*

Cherat Cement
*

1st International Investment Bank
*

Cherat Papersack
*

Security Leasing
*

Union Leasing
*

P.N.S.C
*

J.O.V & Co.
*

Bestway Cement
*

Orix Investment Bank
*

Safeway Mutual Fund
*

First Dawood Investment Bank
*

Ecopack
*

Shabbir Tiles
*

Berger Paints
*

DG Khan Cement
*

Kohat Cement
*

Dewan Salman Fibre
*

Searle Pakistan
*

Lucky Cement
*

Grays Leasing
*

Dewan Farooq Motors
*

Bank Alfalah
*

Meezan Bank

Last Date For Renunciation / Payment Of Right

*

Allwin Engineering (Last date is 12-01-2005)
*

1st Habib Modaraba (Last date is 14-01-2005)
*

Telecard (Last date is 19-01-2005)
*

1st Capital Securities (Last date is 19-01-05)

Right Shares converted into Ordinary Shares

*

GASF Right (Golden Arrow Selected Funds) converted into GASF Ordinary shares
*

PIOC Right (Pioneer Cement) converted into PIOC Ordinary shares

Merged Companies information/Company Name changed Information

*

FHJM (First Hajveri Modaraba) is merged with FFLM (First Fidility Leasing Modaraba)
*

PVCL (Pakistan Venture Capital) is changed to DCM (Dawood Capital Management)