D

Glossary · PSX term

Disclosure.

Disclosure is a company's duty to publicly share information that could affect its share price.

Definition

Listed companies must promptly announce material events like results, dividends, and major contracts through the PSX so all investors get the news at once. Timely disclosure underpins a fair and informed market.

Worked example

A company announcing a major plant shutdown to the PSX before market open is meeting its disclosure duty.

Related on PSX Clarity

Material information

Insider trading

Securities and Exchange Commission of Pakistan (SECP)

Annual General Meeting (AGM)

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Deliverable futures

Deliverable futures are PSX contracts where actual shares are delivered when the contract expires.

Dividend discount model

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Discounted cash flow (DCF)

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The discount rate converts future cash into today's value, reflecting time and risk.