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Broker-funded trading is allowed
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Capital recycling has real leverage effects
That’s why T+1 matters far more in PSX than it did in India.
Who Benefits the Most?
✔ Well-Capitalised Brokers
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Strong balance sheets
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Efficient risk systems
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Ability to scale volumes safely
✔ Liquid, High-Turnover Stocks
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Banks
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Energy
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Index-heavy names
✔ Active Traders (With Discipline)
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Better execution
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Faster settlement
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Lower friction
Who Needs to Be Careful?
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Over-leveraged traders
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Emotional, short-term speculation
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Anyone confusing liquidity with direction
More speed magnifies both discipline and mistakes.
The Bigger Picture
After:
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IMF stabilization
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Interest rate transmission
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Valuation compression
This is the first internal market reform that directly boosts market mechanics.
It doesn’t fix Pakistan’s economy.
It doesn’t remove risk.
But it improves how PSX functions as a market.
That matters.
Final Thought
From February 9, 2026, PSX will not necessarily be higher —
but it will be faster, deeper, and more liquid.
This is how mature markets evolve:
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Not through hype
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But through plumbing upgrades
Let’s see how it unfolds.
