Karachi: Trading in BankIslami Pakistan Limited's Sukuk [BIPLSC2] will be temporarily suspended from July 29, 2024, to July 31, 2024, due to the scheduled book closure for profit payment. The suspension was announced to facilitate the profit payment process for the Sukuk holders.

BankIslami Pakistan Limited has declared the book closure dates from July 30, 2024, to July 31, 2024, for the distribution of profits on their Sukuk securities, known as [BIPLSC2]. Consequently, trading of these specific Sukuks will halt on the Pakistan Stock Exchange starting July 29, 2024, and is set to resume on August 1, 2024.

According to information available from the Pakistan Stock Exchange (PSX), this temporary suspension is a standard procedure aimed at ensuring the accurate disbursement of profits to Sukuk holders. Market participants and stakeholders are advised to plan their trading activities accordingly around these dates to avoid any inconvenience.