Karachi: Trading in the Government of Pakistan Ijarah Sukuk (GIS) will recommence on November 10, 2026, as announced in a recent notice. This decision follows the suspension of trading, which was previously communicated through PSX Notice# PSX/N-1327 on October 28, 2026. The suspension affected the 3 and 5-Year Fixed and Variable Rental Rate Sukuk issued on May 10, 2024, due to rental payment issues.

Market participants should note the resumption of trading for the 3 and 5-Year Variable Rental Rate (VRR) Sukuk, which will now include revised profit rates. These changes will be effective from November 10, 2026, until May 10, 2027.

According to information available from the Pakistan Stock Exchange (PSX), the 3-Year Variable Rental Rate Sukuk (Security Code: P03VRR100527) will see its net profit rate adjusted from 11.8554% to 12.5408%, marking a big move in the rates. This adjustment aligns closely with the latest 6-Month T-Bills Weighted Average Yield of 12.5418% as of October 28, 2026.

Similarly, the 5-Year Variable Rental Rate Sukuk (Security Code: P05VRR100529) will experience a profit rate increase from 12.1364% to 12.8218%. This change reflects a spread of +28.00 basis points over the weighted average yield, indicating a big move in the rates.

These updates are significant for market participants dealing with variable rental rate instruments. The adjustments ensure that the Sukuk profit rates are closely aligned with current market conditions, providing investors with updated returns reflective of prevailing economic indicators. The Pakistan Stock Exchange remains the designated market category for this trading activity.