Karachi: UBL Pakistan Enterprise ETF will experience a temporary suspension in its creation and redemption process on May 29, 2025, and May 30, 2025, as per the provisions of the Securities Act, 2015, and specific regulations of the Pakistan Stock Exchange (PSX). This temporary measure affects the UBL Pakistan Enterprise Index (UPP9), which is a significant part of the fund's structure.

The suspension aligns with section 96 of the Securities Act, 2015, and clause 5.6.1(a) of the PSX regulation, as well as the guidelines outlined in the Offering Document of the UBL Pakistan Enterprise Exchange Traded Fund (UBLP-ETF). The UBLP-ETF is categorized under the designated market category of exchange-traded funds, influencing various stakeholders in the financial market.

UBL Pakistan Enterprise ETF is expected to resume its normal operations after the specified period, with the exchange being informed promptly at the conclusion of the temporary suspension. TRE Certificate Holders of the Exchange are advised to take note of this development.

According to information available from the Pakistan Stock Exchange (PSX), such suspensions are typically in response to regulatory compliance or operational adjustments within the market framework. The temporary halt is intended to ensure the smooth functioning of the fund and adherence to the regulatory standards set forth by relevant authorities.

The management of UBL Pakistan Enterprise ETF has urged all concerned parties to remain informed and comply with the communicated suspension period. The exchange will provide further updates as necessary upon the resumption of the fund's activities.