Karachi: K-Electric Limited has officially declared the upcoming suspension of trading for its Sukuk [KELSC5] bonds, aligning with the dates set for its 17th profit payment. The trading halt will commence from October 24, 2024, and extend through November 04, 2024, with trading resuming on November 05, 2024.

According to the announcement, the book closure period for the forthcoming profit payment is from October 25, 2024, to November 04, 2024. During this time, no trading activity will be permitted for the Sukuk in question. This pause in trading is a routine procedure to facilitate the accurate calculation and distribution of profits to Sukuk holders.

According to information available from the Pakistan Stock Exchange (PSX), the temporary suspension is part of standardized practices that ensure compliance and transparency during such financial exercises. All stakeholders and investors are advised to make note of these dates and plan their trading activities accordingly.

This measure affects all holders of the KELSC5 Sukuk, underlining the importance of adhering to the stipulated timelines for those involved in trading and investment activities related to these bonds.