Engro Chemical has been withdrawn from the list of Carryover Trading Transaction (COT) with effect from December 31, 2004 as per the per time-bound action plan for phasing out of COT. According to a notification, as per implementation of Margin Financing schedule for LSE, the scrip Engro Chemical Pakistan Ltd, shall be withdrawn from the list of Carryover Trading Transaction eligible securities and the symbol "Engro" will not be available for COT with effect from December 31, 2004, said notification of LSE.

This has brought the total number of scrips withdrawn from COT list to 6. As the plan of replacing Carryover Trading Transaction with margin financing, the following companies have already been withdrawn from Carryover Trading Transaction list: PIAC, Dewan Farooq Motors, Southern Electric Power, Union Bank and Faysal Bank.

Copyright Business Recorder, 2005