Karachi: The Government of Pakistan's Hybrid Sukuk (GHS), recently issued via a primary market auction, is set to begin trading on the Pakistan Stock Exchange (PSX) as of Friday, October 30, 2026. The issuance, which was finalized and settled on October 29, 2026, marks a significant addition to the financial instruments available on the market.

The GHS, available for trading through the Jade Trading Terminal (JTT) – a BnB Enabled Terminal, offers investors a range of maturity options. The instruments are categorized as 3-month, 6-month, and 1-year fixed-rate discounted Sukuks, with respective maturity dates on January 21, 2027, April 29, 2027, and October 28, 2027.

According to information available from the Pakistan Stock Exchange (PSX), the GHS instruments are identified with symbol codes P03GHS210127, P06GHS290427, and P01GHS281027. The Sukuks are issued with a face value of Rs. 5,000, and trading is facilitated in multiples of this value. The trading parameters set a minimum and maximum buy/sell order quantity at 5,000 and 5.00 billion, respectively, while the maximum buy/sell order value is capped at PKR 6.00 billion.

The trading structure encompasses a price tick of 0.0001 and employs circuit breakers at lower and upper limits of 0.0001 and 400.0000, respectively. Settlement cycles are categorized under continuous auction with a T+1 cycle and the negotiated deals market allowing for instant T+0 settlement.

Clearing, settlement, and risk management responsibilities for the GHS are managed by the National Clearing Company of Pakistan Limited (NCCPL), with custody held by the Central Depository Company of Pakistan Limited (CDC).