Karachi: The Government of Pakistan’s Hybrid Sukuk (GHS), initially issued through a primary market auction on June 10, 2026, is set to commence trading in the secondary market at the Pakistan Stock Exchange (PSX) starting Monday, June 15, 2026. This follows its settlement date of June 11, 2026.

The GHS, a 1-year fixed rate discounted instrument with a maturity date of June 10, 2027, will be available for trading through the Jade Trading Terminal (JTT), which is a BnB enabled platform. The face value of each Sukuk is 5,000 Pakistani Rupees, with trading permissible in multiples of this amount. The minimum order quantity is set at 5,000, while the maximum order size reaches up to 5.00 billion PKR. The cut-off price for the Sukuk is 12.8896 PKR, while the cut-off rental stands at 88.6098%.

According to information available from the Pakistan Stock Exchange (PSX), the listing date for the Sukuk is officially marked as June 15, 2026. The trading will be conducted under continuous auction and negotiated deals market conditions, with settlement cycles categorized as T+1 for continuous auctions and T+0 for instant settlements in negotiated deals. The National Clearing Company of Pakistan Limited (NCCPL) will manage clearing, settlement, and risk management, while custody will be held with the Central Depository Company of Pakistan Limited (CDC).

Market participants can contact PSX for terminal-related inquiries, NCCPL for registration as a Debt Market Clearing Member and settlement queries, and CDC for all other related matters.