⚡ Flash Summary
Standard Worldwide Limited has announced the signing of an agreement with the Central Depository Company of Pakistan (CDC). This means that, effective September 2, 2025, the company’s shares are now eligible for book-entry transactions and can be securely held through the CDC. Shareholders are encouraged to register their shares with the CDC to take advantage of the benefits associated with electronic settlement. This move aims to enhance the security and efficiency of shareholding for investors.
📌 Key Takeaways
- ✅ Standard Worldwide Limited has signed an agreement with the Central Depository Company of Pakistan (CDC).
- 🗓️ Agreement is effective from September 2, 2025.
- 📚 Shares are now eligible for book-entry transactions.
- 🔒 Shares can be securely kept through CDC.
- 📢 Shareholders are encouraged to register their shares with CDC.
- 💼 Registration allows for secure, convenient, and efficient electronic settlement.
- 🤝 Several shareholders have already started opening their CDC investor accounts.
- ✉️ Remaining shareholders are urged to complete their registration promptly.
- 📞 Contact Muhammed Ishtiaq Khan, Company Secretary, for assistance.
- 🏢 Standard Worldwide Limited is located at Standard Insurance House, I.I. Chundrigar Road, Karachi.
- 📱 Contact via Mob: 0313 2363534 or Tel: 021-32412971.
- 🌐 Formerly known as Standard Insurance Co. Ltd.
🎯 Investment Thesis
The stock is a HOLD. While the integration with the CDC is a positive step towards modernizing the company’s operations and improving investor accessibility, it is unlikely to result in immediate significant gains. A price target cannot be accurately determined with the data provided. The time horizon is medium-term, expecting to see gradual improvements in liquidity and investor confidence.
Disclaimer: AI-generated analysis. Not financial advice.