Karachi: The Pakistan Stock Exchange (PSX) has announced the schedule for the 24th auction of Government Ijarah Sukuk (GIS), including a Green Sukuk auction, set to take place on July 23, 2025. The auction will be conducted through the PSX Auction System, as outlined in a notice referenced as PSX/N-536, dated May 22, 2025. The primary market auction is open to all Broker Clearing Members (BCMs), Non-Broker Clearing Members (NBCMs), and Professional Clearing Members (PCMs) of the National Clearing Company of Pakistan Limited (NCCPL).
The announcement specifies that participants will utilize the same credentials—including User ID, Password, and PIN Code—used in the previous auction held on June 25, 2025, for investor mapping, cash assignment, and bidding. Participants who need to amend their Admin user details may do so by contacting PSX/NCCPL via email. According to information available from the Pakistan Stock Exchange (PSX), the auction system requires participants to incorporate accurate UIN, CDC Participants ID, and CDC Sub Account or CDC Investor Account numbers for investor registration, integrated with the CDC System.
The auction will be a two-hour event, taking place from 10 a.m. to 12 p.m. on July 23. All interested participants are required to map the auction instruments and assign cash using their credentials. Those who did not participate in the previous auction must register their investors and map instruments or cash assignments. Participants must also ensure that a 10% advance committed cash amount is communicated to NCCPL or PSX by July 21, 2025, to maintain eligibility for the bidding session.
The complete schedule stipulates that BCM participants must communicate their interest and submit their cash advance through the GDS Advance Deposit screen available on their NCSS terminals. New participants are required to provide two Admin user details to NCCPL/PSX, one for the Front Office and another for the Back Office. The final collection of the settlement amount will occur on July 24, 2025, between 9 a.m. and 12 p.m.
The Pakistan Stock Exchange has urged all participants to adhere strictly to the step-by-step procedures and timelines outlined in the notice to ensure smooth participation in the auction.