April 10, 2026 (MLN): A Pakistan Stock Exchange (PSX) notice outlines a change in the face value of shares of Bank Alfalah Limited from Rs10 to Rs5 following a book closure scheduled for April 18, 2026.

The adjustment is part of corporate action processing and will impact trading mechanics as well as settlement cycles for the security on the exchange.

According to the , trading in BAFL shares will operate on a modified settlement cycle on T+0 basis from April 17, 2026, for BC-1 activity due to the stock split impact.

From April 20, 2026, which is the first working day after the book closure, the normal T+1 settlement cycle will resume with the shares reflecting an adjusted price structure.

The trading and settlement calendar for entitlement contracts including APRB, MAYB, and JUN has also been defined, with contract openings, closings, and settlement dates spread across April and May 2026.

Corresponding ex-entitlement contracts such as APRC, MAYC, and JUNB will follow separate timelines, with trades in these contracts not qualifying for entitlement benefits and being executed on an ex-benefit basis.

The exchange framework also notes that BAFL, being a CSF eligible security, will transition into non-standardized contract categories including BAFL-CAPRN2, BAFL-CMAYN2, and BAFL-CJUNN1 with effect from April 20, 2026.

Despite these adjustments, there will be no change in the broader trading and settlement structure beyond the revised contract specifications.

Following the face value adjustment, the total number of shares of Bank Alfalah Limited will increase from 1,577,165,119 to 3,154,330,238, while the paid-up capital will remain unchanged.

The opening price on April 20, 2026, will be adjusted to half of the closing price recorded on April 17, 2026, showing the revised share structure.

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