Karachi: Pakistan Stock Exchange (PSX) has announced an extension in trading timings for GoP Ijarah Sukuk (GIS) and other securities in the Bills & Bonds (BnB) Market. The revisions, aimed at improving the GIS secondary market trading, will take effect from Thursday, April 3, 2025, following the Eid holidays.
The adjustment involves a 30-minute extension in trading hours, impacting various security types within the BnB Market. According to the revised schedule, the first session for GoP Ijarah Sukuk, including discounted, fixed, and variable rate types, will now run from 9:30 a.m. to 3:30 p.m. from Monday to Thursday. On Fridays, the trading hours will remain 9:15 a.m. to 12:00 p.m. and 2:30 p.m. to 3:30 p.m.
Corporate Debt Securities (CDS), encompassing Term Finance Certificates (TFCs) and TFCs Private, will follow similar revised timings. Government Debt Securities (GDS), such as Treasury Bills, Pakistan Investment Bonds, and Ijarah Sukuk issued by the State Bank of Pakistan, will also adhere to the new schedule, operating from 9:30 a.m. to 3:30 p.m. from Monday to Thursday.
As part of the changes, the Designated Time Schedule (DTS) for the GIS Revaluation mechanism will also be modified. The contribution time for GIS Revaluation Rates will shift to 3:30 p.m. to 4:30 p.m. from Monday to Friday, with publication times moved to 5:00 p.m. This adjustment aligns with agreements reached with the Financial Market Association.
According to information available from the Pakistan Stock Exchange (PSX), these changes reflect efforts to enhance market efficiency and meet trading requirements. The revisions aim to provide participants with extended opportunities to engage in the market, thereby supporting better price discovery and liquidity.
These modifications represent a continuation of PSX's initiatives to optimize trading conditions and reflect the market's evolving needs. By extending trading hours, PSX seeks to offer greater flexibility and accommodate a broader range of market participants, ensuring that transactions can be conducted more effectively within the designated market category.