C

Glossary · PSX term

Cash-settled futures.

Cash-settled futures settle in cash for the price difference, with no shares changing hands.

Definition

On the PSX, single-stock cash-settled futures pay or charge the difference between the entry and settlement price rather than delivering shares. They let traders take a position without ever owning the underlying stock.

Worked example

If you go long a cash-settled future at Rs. 100 and it settles at Rs. 110, you receive Rs. 10 per share in cash.

Related on PSX Clarity

Futures contract

Deliverable futures

Margin financing

More glossary terms

Browse all 199 terms →

Capital gain tax

Capital gain tax is tax applied to gains from selling securities. Pakistani investors should verify current rules, rates, filer status, and holding-period treatment from official sources before calculating net returns.

Current ratio compares current assets with current liabilities. It gives a quick view of short-term liquidity, especially for working-capital-heavy businesses.

Cum-dividend means a share is trading with the right to the upcoming declared dividend still attached.

Circuit breaker

A circuit breaker is the maximum percentage a single stock's price can move up or down in one PSX session.

Central Depository Company (CDC)

The CDC is the institution that holds PSX shares electronically and records who owns them.

CDC Investor Account

A CDC Investor Account holds your shares directly with the CDC rather than inside a broker's pooled account.

The coupon rate is the annual interest a bond pays, stated as a percentage of its face value.

Consumer Price Index (CPI)

The CPI measures the average change in prices of a basket of goods and services households buy.

A circuit filter is the rule that caps how far a single stock can move in a day before locking.