The board of directors of Karachi Stock Exchange (KSE) has approved the proposal to re-launch the deliverable future contracts in 10 eligible scrips, with VAR based cash margin. The KSE board meeting, held here on Tuesday, reviewed the proposal to re-launch the future product, which was discontinued since April 8, 2009. The board also reviewed the matter of five suspended KSE members. According to sources, the KSE board approved the proposal to re-launch the deliverable future contracts in 10 scrips. The eligible scrips are Oil and Gas Development Company (OGDC), Pakistan Petroleum Limited (PPL), Pakistan Oilfields Limited (POL), Pakistan State Oil (PSO), National Bank of Pakistan (NBP), MCB Bank (MCB), United Bank Limited (UBL), Hub Power Company (HUBCO), Fauji Fertilizer Company (FFC) and Engro Chemicals
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