Karachi: United Bank Limited has announced a temporary suspension in the trading of its Term Finance Certificate, designated as UBLTFC5, to facilitate the 25th profit payment process. The bank has officially confirmed that the book closure period will commence on April 21, 2025, and conclude on April 28, 2025.
The suspension of trading for UBLTFC5 will begin on April 18, 2025, and is scheduled to end on April 28, 2025. Normal trading activities for the certificate are expected to resume on April 29, 2025. This temporary halt is intended to ensure a smooth and efficient profit distribution process for stakeholders involved.
According to information available from the Pakistan Stock Exchange (PSX), all relevant parties have been requested to take note of the specified dates to avoid any inconvenience during the suspension period. The designated market category for this financial instrument remains unchanged.
Market participants and investors are advised to adjust their transactions and portfolios accordingly in response to this temporary suspension.