Karachi: JS Bank Limited has declared a temporary suspension of trading for its Term Finance Certificate, labeled as JSBLTFC4. This announcement comes as the bank prepares for its 6th profit payment on the mentioned certificate.

The bank has set the book closure period from February 21, 2025, to February 28, 2025, to facilitate the profit payment process. As a result, trading in the JSBLTFC4 will be suspended starting February 20, 2025, and will remain so until February 28, 2025. Trading activities are scheduled to resume on March 03, 2025, after the completion of the book closure period.

According to information available from the Pakistan Stock Exchange (PSX), JS Bank Limited made this decision to ensure a smooth transaction and settlement process for its stakeholders during the profit payment period. This move is seen as a standard procedure to maintain transparency and efficiency in the market operations.

JS Bank Limited is a prominent entity in the financial sector, and its Term Finance Certificate is a key instrument for investors. The temporary suspension is expected to have a significant impact on the designated market category, given the importance of the TFC in the trading landscape.

Stakeholders and investors are advised to take note of these dates and plan their trading activities accordingly to avoid any inconvenience during the suspension period. The resumption of trading on March 03, 2025, will mark the continuation of regular activities for JSBLTFC4.