Karachi: The Pakistan Stock Exchange (PSX) is set to introduce the Government of Pakistan (GoP) Hybrid Sukuk (GHS) to its secondary market, with trading commencing on September 18, 2026. This follows the primary market auction held on September 16, 2026, and the subsequent settlement on September 17, 2026.

According to information available from the Pakistan Stock Exchange (PSX), the GHS will be traded via the Jade Trading Terminal (JTT), a BnB Enabled Terminal. The instruments available include a 3-month fixed-rate discounted sukuk maturing on December 10, 2026, and a 1-year fixed-rate discounted sukuk maturing on September 16, 2027. The cut-off price and yield for these instruments are Rs. 97.4217 with an 11.4998% yield and Rs. 89.3228 with an 11.9863% yield, respectively.

The face value for trading is set at Rs. 5,000, with transactions to be conducted in multiples of this amount. The minimum and maximum buy/sell order quantities are fixed at Rs. 5,000 and Rs. 5.00 billion, respectively, with a maximum order value of Rs. 6.00 billion. The trading will follow a continuous auction settlement cycle with a price tick of 0.0001. Circuit breakers are established at a range from 0.0001 to 400.0000.

For clearing, settlement, and risk management, the National Clearing Company of Pakistan Limited (NCCPL) will be responsible, while custody will be held with the Central Depository Company of Pakistan Limited (CDC).

Market participants seeking assistance regarding trading in the secondary market can contact the PSX at 021-3527 4401 to 4410 for matters related to the JTT - BnB Enabled Terminal. For registration as Debt Market Clearing Member (DMCM) and other settlement-related queries, NCCPL can be reached at 021-111-111-622. CDC can be contacted at 0800-23275 for all related matters.