Karachi: K-Electric Limited has officially announced the temporary suspension of trading for its Sukuk [KELSC5], with the suspension period set from January 24, 2025, to February 03, 2025. This suspension comes in light of the upcoming book closure dates, which have been scheduled from January 27, 2025, to February 03, 2025, for the 18th profit payment on their Sukuk.

The trading of the said Sukuk is expected to resume on February 04, 2025, following the conclusion of the book closure period. This step is a routine measure to facilitate the distribution of profit payments to the eligible investors, ensuring a smooth financial transition during this period.

According to information available from the Pakistan Stock Exchange (PSX), the temporary suspension will impact market activities related to K-Electric's financial instrument, reflecting the company's strategic approach to managing its financial obligations efficiently. This action is critical for maintaining transparency and compliance within the designated market category.

Investors and stakeholders are advised to take note of these developments and adjust their trading activities accordingly, ensuring alignment with K-Electric's operational timeline and regulatory requirements. The company remains committed to upholding its financial integrity and providing timely updates to its investors and partners.