Karachi: The Pakistan Stock Exchange (PSX) has announced a suspension of trading for select Government of Pakistan Ijarah Sukuk (GIS) securities, as the rental payment for both Fixed Rental Rate (FRR) and Variable Rental Rate (VRR) issues, dated January 9, 2025, approaches. This announcement affects the securities issued through a primary market auction at PSX. The payments are due on January 9, 2026, to all eligible investors.

According to the information provided, the suspension will specifically impact the trading activities at PSX, clearing and settlement at the National Clearing Company of Pakistan Limited (NCCPL), and the movement in Sub Accounts/Investor Accounts at the Central Depository Company (CDC). The schedule for suspension is as follows:

For the security code P03FRR090128, which is the 3 Year Fixed Rental Rate maturing on January 9, 2028, the suspension of trading will commence on January 6, 2026, and conclude on January 8, 2026. The shut period for CDC will occur from January 7, 2026, to January 8, 2026.

Other securities, including the 5 Year and 10 Year Fixed and Variable Rental Rate issues, identified by their respective security codes P05FRR090130, P10FRR090135, P03VRR090128, P05VRR090130, and P10VRR090135, also form part of the announced measures. However, the specific suspension dates for these securities have not been detailed in the notice.

According to information available from the Pakistan Stock Exchange (PSX), this suspension is a routine procedural action taken to ensure orderly processing of rental payments to investors. The measure is intended to maintain the integrity and proper functioning of the market during the rental payment period.

Market participants and investors are advised to take note of these dates and the corresponding adjustments in their trading and account management activities to avoid any potential disruptions.