Karachi: The Pakistan Stock Exchange (PSX) announced that the Government of Pakistan’s (GoP) Hybrid Sukuk (GHS), following its primary market issuance, will commence trading on the secondary market starting Tuesday, May 5, 2026. The listing, which aligns with the settlement date of April 30, 2026, marks a significant move for financial instruments within the designated market category.
The GHS will be traded using the Jade Trading Terminal (JTT), a BnB Enabled Terminal, which facilitates efficient market transactions. The instrument named ‘1-Year Discounted GoP Hybrid Sukuk’ is set to mature on April 29, 2027. The cut-off price for the Sukuk is established at Rs. 89.3119, with a cut-off rental rate of 12.0000%.
According to information available from the Pakistan Stock Exchange (PSX), the face value of the Sukuk is Rs. 5,000, available in multiples thereof. The trading mechanism is designed to accommodate buy/sell orders ranging from a minimum of Rs. 5,000 to a maximum of Rs. 5,000,000,000, with a maximum order value capped at PKR 6.00 billion. The buy/sell lot size is fixed at Rs. 5,000, and the price tick is set at 0.0001. Circuit breakers for this instrument are defined between 0.0001 and 400.0000.
The settlement cycle for the continuous auction is T+1, while negotiated deals will settle instantly on T+0. Clearing and settlement operations will be managed by the National Clearing Company of Pakistan Limited (NCCPL), with custody provided by the Central Depository Company of Pakistan Limited (CDC).
Investors are instructed to input the face value in the volume field when placing buy or sell orders to ensure accurate transactions. For further assistance regarding trading in the secondary market, market participants can contact PSX, NCCPL, and CDC using the provided contact details.
Market participants are also advised to verify their settlement values through the NCSS Settlement Report and BnB Trade Log available on THIMS post-execution of trades.