Karachi: UBL Pakistan has announced a temporary suspension of the creation and redemption process for its Enterprise Exchange Traded Fund (UBLP-ETF), effective from April 21, 2025, to April 25, 2025. The suspension will affect the primary market, although secondary market trading will continue during this period.

The decision follows Section 96 of the Securities Act, 2015, Clause 5.6.1(a) of the PSX Regulations, and the Offering Document of UBLP-ETF. The temporary halt pertains specifically to the UBL Pakistan Enterprise Index (UPP9). According to information available from the Pakistan Stock Exchange (PSX), the suspension is limited to the primary market activities, ensuring that the secondary market remains operational.

UBL Pakistan has assured stakeholders that it will notify the Exchange once the suspension period concludes. Market participants, including the TRE Certificate Holders, have been advised to note the temporary changes.

This development falls under the designated market category of UBLP-ETF, as defined by the Pakistan Stock Exchange.