Lahore: The Bank of Punjab has announced that trading in its Term Finance Certificate, designated as [BOPTFC2], will be temporarily suspended. This decision comes as the bank prepares for the upcoming book closure, scheduled from June 14, 2025, to June 20, 2025, to facilitate the profit payment process for its certificate holders.
The suspension of trading will commence on June 13, 2025, and will extend through June 20, 2025. Trading activities for [BOPTFC2] are expected to resume on June 23, 2025. This temporary suspension is a routine part of the book closure process, ensuring an orderly and efficient handling of profit distributions.
According to information available from the Pakistan Stock Exchange (PSX), the suspension period is in line with standard procedures for financial instruments undergoing book closures. The Bank of Punjab's decision to suspend trading during this time is consistent with practices aimed at maintaining transparency and accuracy in profit payments.
Market participants and investors are advised to note these dates to align their trading activities accordingly. The Pakistan Stock Exchange's designated market category for this certificate remains unchanged, and the resumption of trading is anticipated to proceed without further modifications once the book closure is completed.