Karachi: BankIslami Pakistan Limited has notified the Pakistan Stock Exchange (PSX) of an upcoming book closure from October 21 to October 30, 2024, to facilitate the monthly profit payment for BankIslami Ehadsukuk II. The closure will affect the trading of these securities during this period, impacting investors and stakeholders associated with the sukuk certificates.

According to the notice, BankIslami Ehadsukuk II holders must finalize any transactions by the close of business on October 20, as the book entries will be frozen during the specified period. The profit payment, as detailed in the announcement, will be determined based on the positions held at the end of October 20. This book closure will allow for the appropriate allocation of profits to certificate holders based on their holdings.

According to information available from the Pakistan Stock Exchange (PSX), the closure aims to ensure accurate profit distribution among investors. The notice also mentioned that transfer requests received at F.D. Registrar Services (Pvt) Ltd by the close of business on October 20 will be processed before the books are closed. This administrative process is crucial for maintaining the timely and accurate distribution of profits to investors.

This notice of book closure and profit payment was also published in leading national newspapers, "The Nation" in English and "Daily Nawai-Waqt" in Urdu, ensuring that all stakeholders are well-informed of the upcoming financial activities and their implications.