Karachi: Trading in the Gender Bond of Kashf Foundation [KFGB1] will be halted temporarily.
Kashf Foundation has declared the book closure dates from September 01, 2024, to September 07, 2024, for the third profit payment of their Gender Bond [KFGB1]. Consequently, the trading of this bond on the Pakistan Stock Exchange (PSX) will be suspended from August 30, 2024, through September 07, 2024. Trading is set to resume on September 09, 2024. All stakeholders are advised to take note of these changes.
According to information available from the Pakistan Stock Exchange (PSX), this temporary suspension is a routine procedure during the profit payment phases to facilitate smooth transactional processes related to the bond.
The announcement is part of the regulatory and procedural norms to ensure that all financial transactions are aligned with the timelines stipulated for profit disbursement. Stakeholders including investors and financial institutions are encouraged to adjust their trading strategies accordingly.