Karachi: Authorities at the Pakistan Stock Exchange (PSX) have announced a temporary suspension of trading for specific Government of Pakistan (GoP) Ijarah Sukuk (GIS) issues as they prepare for upcoming rental payments.

The suspension relates to the Fixed Rental Rate (FRR) and Variable Rental Rate (VRR) GIS, which were issued through a primary market auction on May 10, 2024. The rental payment for these securities is due on May 10, 2026. The PSX, along with the National Clearing Company of Pakistan Limited (NCCPL) and the Central Depository Company (CDC), will observe a suspension in trading activities, clearing, settlement, and account movements in the related GIS, adhering to a specified schedule.

According to information available from the Pakistan Stock Exchange (PSX), the 3-Year Fixed Rental Rate Sukuk, with a maturity date of May 10, 2027, will see its trading suspended from May 6, 2026, until May 8, 2026. Similarly, the Central Depository Company will implement a shut period for this security from May 7, 2026, to May 8, 2026.

Market participants are advised to take note of these dates to ensure compliance and manage their portfolios accordingly. The PSX has not specified any suspension dates for the 5-Year Fixed and Variable Rental Rate Sukuks, which also have maturity dates in 2029.

The designated market category for these securities is the primary market, highlighting their issuance through initial public offerings. All stakeholders are encouraged to remain aware of these developments as the rental payment date approaches.