Karachi: The Pakistan Stock Exchange (PSX) has announced a temporary suspension in trading activities for the Government of Pakistan Ijarah Sukuk (GIS), a move prompted by the upcoming rental payment due on July 9, 2026. This suspension will affect both the Fixed Rental Rate (FRR) and Variable Rental Rate (VRR) Sukuk, which were initially issued on January 9, 2025.

According to information available from the Pakistan Stock Exchange (PSX), the suspension will specifically impact the trading, clearing, and settlement processes at the PSX, as well as movements in Sub Accounts and Investor Accounts at the Central Depository Company (CDC). The schedule for suspension is set as follows: for the security code P03FRR090128, which is a 3-year Fixed Rental Rate Sukuk maturing on January 9, 2028, trading will be suspended from July 6-8, 2026, while the shut period at the CDC will occur from July 7-8, 2026.

Other Sukuk issues, including the 5-year and 10-year Fixed Rental Rate and Variable Rental Rate instruments, will observe the same suspension protocol, though specific dates for these instruments were not detailed in the report. This suspension is a routine measure to ensure the smooth processing of the rental payments to all eligible investors. The designated market category for these instruments remains consistent with the usual trading classifications within the PSX framework.