karachi: The Government of Pakistan's Ijarah Sukuk (GIS) will be available for trading on the Pakistan Stock Exchange (PSX) starting February 11, 2026. This development follows the primary market auction conducted by PSX on February 6, 2026, and the subsequent settlement on February 9, 2026.

The GIS will be traded using the Jade Trading Terminal, a BnB Enabled Terminal, within the secondary market. The specific instrument being listed is the 1 Year GIS Discounted, with a maturity date set for February 8, 2027. The instrument is symbolized by P01GIS080227, with a cut-off price of Rs. 91.0556 and a cut-off rental of 9.8500%.

According to information available from the Pakistan Stock Exchange (PSX), the listing date for this instrument is February 11, 2026, with the issue date confirmed as February 9, 2026. It has a face value of Rs. 5,000, which must be inputted in multiples for buy and sell orders. The minimum order quantity is set at Rs. 5,000, while the maximum can stretch to Rs. 5.00 billion, with a maximum order value of PKR 6.00 billion. The buy/sell lot size is maintained at Rs. 5,000.

The trading of the GIS will be facilitated by the National Clearing Company of Pakistan Limited (NCCPL) for clearing, settlement, and risk management, while custody is ensured by the Central Depository Company of Pakistan Limited (CDC). The settlement cycle for continuous auction is T+1, and for negotiated deals market, it is T+0, indicating an instant settlement.

Market participants are encouraged to reference the NCSS Settlement Report and BnB Trade Log for verification of settlement values following trade executions. For any further assistance regarding trading in the secondary market, contact numbers for PSX, NCCPL, and CDC have been provided to address various trading and settlement-related queries.