Karachi: Trading activities for Government of Pakistan Ijarah Sukuk (GIS) are set to resume on June 29, 2026, following a temporary suspension, as per the announcement made via PSX Notice# PSX/N-734 dated June 16, 2026. The suspension, which affected the trading of GIS issues dated June 28, 2024, was due to pending rental payment adjustments.
According to information available from the Pakistan Stock Exchange (PSX), the affected securities include both the 3-Year and 5-Year Fixed Rental Rate (FRR) and Variable Rental Rate (VRR) GIS issues. These instruments, which were previously suspended, will now be traded with revised profit rates, effective from June 28, 2026, until December 28, 2026.
For the 3-Year Variable Rental Rate (VRR) GIS, identified by the security code P03VRR280627, the net profit rate previously stood at 10.1639%. The latest 6-month weighted average yield, recorded on June 23, 2026, is 11.7239%, with a spread of -30 basis points applied from the auction dated June 27, 2024. Consequently, the new applicable net profit rate will be adjusted to 11.4239%, indicating a very large or significant move.
Similarly, the 5-Year VRR GIS, designated by the security code P05VRR280629, had a net profit rate of 10.1539%. The same weighted average yield and an adjusted spread of -31 basis points have resulted in a revised net profit rate of 11.4139%, also classified as a very large or significant move.
Market participants are advised to update their records accordingly and prepare for the resumption of trading under these new profit conditions.