Karachi: The Pakistan Stock Exchange (PSX) has announced the 14th auction of Government of Pakistan Ijarah Sukuk (GIS), scheduled for October 18, 2024. This auction, integral for the primary market, invites participation from Broker Clearing Members (BCMs), Non-Broker Clearing Members (NBCMs), and Professional Clearing Members (PCM) of the National Clearing Company of Pakistan Limited (NCCPL).

According to the PSX Notice# PSX/N-987 issued on October 8, the upcoming GIS auction will utilize the PSX Auction System. Eligible participants, including BCMs, NBCMs, and PCMs, are encouraged to use the auction for their proprietary accounts, and to manage investor and fund transactions under their administration.

According to information available from the Pakistan Stock Exchange (PSX), the participant admin user details such as Back office and Front office setups used in the 13th auction, held on September 16, 2024, will remain unchanged for this auction. Participants are required to enter the auction using the same credentials—User ID, Password, and PIN Code—that were employed in the previous auction for investor mapping, cash assignment, and bidding processes.

Moreover, any changes to participant admin user details must be communicated to PSX/NCCPL through the provided email addresses. BCM participants specifically must provide a 10% Advance Committed Amount for each instrument and inform PSX/NCCPL via designated emails.

The registration of investors from the 13th auction will be carried over, with participants needing only to map the instruments and assign cash where necessary. To ensure smooth processing, participants must enter accurate Unique Identification Numbers (UIN), CDC Participants IDs, and CDC Sub Account Nos./CDC Investor A/C Nos. For investors lacking a trading account or CDC account, participants should input zeros (00000) in the Participant ID field to register them for the auction.