PSX X-Rate (Ex-Adjustment) Calculator

The standard tool for calculating adjusted share prices on the Pakistan Stock Exchange. Simply enter the market price and announcement details to see the theoretical ex-price.

Corporate Actions Explained

Bonus Issue

New shares are given to existing shareholders for free. For example, a "10% Bonus" means you get 1 new share for every 10 you hold. The price is adjusted by dividing by 1.10.

Right Issue

Shareholders are given the *option* to buy new shares at a discount. A "20% Right at Rs 50" means you can buy 2 new shares at Rs 50 for every 10 you own.

Plan Your Ex-Date Strategy

Understanding the X-Rate helps you avoid panic selling when you see a sudden price drop in your portfolio. Remember, the value you "lose" in the price is usually credited back to you in the form of cash, bonus, or rights.

Calculates accurately for PSX
Used by Professional Traders

Frequently Asked Questions

Get answers to common questions about using our professional trading tools.

The 'Ex-Price' is the theoretical price of a share on the day it becomes 'Ex' (without) the benefit of a dividend, bonus, or right. The PSX automatically adjusts the price at the start of the trading day to ensure the market cap remains consistent.

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Bonus shares increase your total number of shares but reduce the price per share proportionally. Theoretically, your total investment value remains the same, but the lower price can improve liquidity and psychological appeal.
If there is only a cash dividend, the price drops by exactly the dividend amount. However, if there is a bonus or right issue combined with the dividend, the dilution effect causes a larger price adjustment.
You should use it as soon as a company (like Engro, MCB, or FFC) announces its quarterly results and payouts. This helps you calculate what your holding will be worth on the ex-date.

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This calculator is part of our comprehensive suite of Pakistan Stock Exchange tools. Explore the fullPSX Trading Toolkitto optimize your strategy and manage risk like a professional.

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