Karachi: The Government of Pakistan (GoP) Hybrid Sukuk, known as GHS, is poised to commence trading on the secondary market of the Pakistan Stock Exchange (PSX) starting Friday, October 9, 2026. This move follows the successful issuance and primary market auction conducted by the PSX on October 7, 2026, with settlement completed on October 8, 2026.

The GHS will be accessible for trading via the Jade Trading Terminal (JTT), a BnB Enabled Terminal, offering investors the opportunity to engage in transactions through this platform. The instruments available include a 3-Year Fixed Rental Rate GoP Hybrid Sukuk, maturing on October 8, 2029, and a 5-Year Fixed Rental Rate GoP Hybrid Sukuk, maturing on October 8, 2031. These instruments are identified by the symbol codes P03FRR081029 and P05FRR081031, respectively.

According to information available from the Pakistan Stock Exchange (PSX), the face value of each GHS is set at Rs. 5,000, with transactions to be conducted in multiples of this amount. The minimum buy/sell order quantity is fixed at 5,000, while the maximum buy/sell order quantity can reach Rs. 5.00 billion. The maximum buy/sell order value is capped at PKR 6.00 billion, and transactions will adhere to a continuous auction settlement cycle of T+1.

The National Clearing Company of Pakistan Limited (NCCPL) will handle the clearing, settlement, and risk management processes, while the Central Depository Company of Pakistan Limited (CDC) will maintain custody of the GHS. With circuit breakers set between 0.0001 and 400.0000, the trading of GHS is designed to provide a structured and secure environment for investors.

This development is anticipated to attract significant attention from investors within the designated market category, given the structured framework and the government's backing of these financial instruments.