Karachi: The Mahaana Islamic Index ETF (MIIETF) will experience a temporary suspension of its creation and redemption process in the primary market, effective from May 29, 2025, to May 30, 2025. This suspension follows the guidelines set forth in Section 96 of the Securities Act, 2015, Clause 5.6.1(a) of the Pakistan Stock Exchange (PSX) Regulations, and Clause 6.5.2 of the Offering Document of MIIETF.

The temporary suspension will impact the primary market, where the creation and redemption of shares will be halted during the specified period. However, trading in the secondary market will continue without interruption. The suspension is intended to comply with the regulatory framework governing the ETF's operations, and stakeholders have been advised to take note of the development.

According to information available from the Pakistan Stock Exchange (PSX), the suspension is a procedural measure and does not affect the ETF's secondary market activities. The ETF's management will notify the exchange once the suspension period concludes.

TRE Certificate Holders of the Exchange have been informed about the temporary suspension, ensuring that all relevant parties are aware of the operational changes during the specified dates. The ETF's management is expected to resume normal operations following the end of the temporary suspension.