Karachi: Mughal Iron & Steel Industries Limited has announced a suspension in the trading of its Sukuk, identified as [MUGHALSC], due to upcoming financial obligations. The suspension will take effect from August 26, 2025, and will last until September 2, 2025. Trading is set to resume on September 3, 2025.

The company has scheduled its book closure dates from August 27, 2025, to September 2, 2025, to facilitate the 18th rental and 14th principal payments for the Sukuk. The trading halt is intended to ensure that these financial processes are carried out without any disruptions in the market.

According to information available from the Pakistan Stock Exchange (PSX), Mughal Iron & Steel Industries Limited's decision aligns with standard practices for handling book closures and payment settlements. This move is categorized under the designated market category for Sukuks and bonds.

The suspension period will allow the company to make necessary adjustments and fulfill its financial commitments to Sukuk holders. Stakeholders and investors are advised to take note of the suspension dates to align their trading activities accordingly.