Karachi: Trading of the Term Finance Certificate (TFC) issued by TPL Corp Limited, specifically identified as [TPLTFC3], will be temporarily halted later this month, the company disclosed on Monday. This suspension aligns with the book closure period from September 25, 2024, to September 27, 2024, designated for the upcoming profit payment.

The halt in trading for [TPLTFC3] will commence one day prior to the book closure, starting on September 24, 2024, and will extend through September 27, 2024. Trading is set to resume on September 30, 2024. According to information available from the Pakistan Stock Exchange (PSX), this temporary suspension is a routine procedure to facilitate the distribution of profits to certificate holders.

Market participants and stakeholders are advised to make note of these dates to adjust their trading strategies and ensure compliance with the trading halt. This suspension pertains to the designated market category of fixed-income securities.