Karachi: K-Electric Limited has announced a temporary suspension of trading in its Sukuk [KELSC6] from February 13 to February 23, 2025, to facilitate the 10th profit payment process. This decision comes as part of the company’s book closure period, which is set from February 14, 2025, to February 23, 2025. Trading activities are scheduled to resume on February 24, 2025.
The designated market category for this trading activity falls under the Pakistan Stock Exchange (PSX), where K-Electric’s Sukuk is listed. The suspension is a routine procedure aimed at ensuring a smooth transition and accurate accounting for the profit payment to Sukuk holders.
According to information available from the Pakistan Stock Exchange (PSX), the trading halt is a standard practice to maintain market integrity and protect investor interests during the book closure period. Investors holding the Sukuk during this time will be eligible for the declared profit payment, which is the 10th installment for this financial instrument.
The announcement, made on February 11, 2025, reflects K-Electric’s commitment to transparent financial operations and its adherence to regulatory requirements. Shareholders and investors are advised to note the suspension dates and plan their trading activities accordingly to avoid any inconvenience.
K-Electric Limited, a key player in the energy sector, continues to manage its financial instruments prudently while providing essential services to its customer base. As trading resumes on February 24, 2025, investors will have the opportunity to engage with the Sukuk once more under the guidelines set forth by regulatory authorities.