What is Delivery Ratio on the PSX?
The delivery ratio on the PSX is the share of a stock's traded value that went to actual delivery (settled per investor UIN) rather than being squared off the same day. A high delivery ratio signals real positioning; a low one signals intraday speculation.
How it works
The ratio is computed from PSX's daily UIN settlement report: UIN-settled value divided by total traded value. A stock trading 10 million shares with a 70% delivery ratio saw 7 million shares genuinely change owners; the same volume at 15% was mostly day-trading churn.
Delivery is directionless — it confirms that positions were taken, not which way. Traders pair it with price action and participant flow: rising price on high delivery reads as accumulation, while a rally on very low delivery is often labelled a speculative trap.
See the live data → Settlement Confirmation dashboard
Common questions
What is a good delivery ratio on PSX?
There is no fixed threshold, but market-wide averages typically sit near 40–55%. Ratios sustained above ~70% suggest strong conviction; below ~25% on heavy volume suggests speculative churn.
Is the delivery ratio bullish or bearish?
Neither by itself — it measures conviction, not direction. High delivery during a decline can mean institutions are genuinely exiting, just as high delivery during a rise can mean genuine accumulation.