Karachi: Trading in the Term Finance Certificate (TFC) of TPL Properties Limited, identified by the ticker [TPLPTFC2], will be temporarily suspended, the company confirmed today. This suspension will be effective from September 24, 2024, through September 27, 2024, with trading set to resume on September 30, 2024.

TPL Properties Limited announced the dates of Book Closure from September 25, 2024, to September 27, 2024, for the profit payment of their TFC. The designated market category for this security is yet to be specified. This suspension is in preparation for the upcoming profit payment to the certificate holders. All concerned parties and stakeholders are advised to take note of these dates and the trading halt.

According to information available from the Pakistan Stock Exchange (PSX), this temporary halt in trading is a routine procedure aimed at facilitating the orderly distribution of profits to the holders of [TPLPTFC2]. Investors and traders are expected to adjust their strategies accordingly during this brief suspension period.