Karachi: United Bank Limited (UBL) has announced a temporary suspension of trading for its Term Finance Certificate, designated as [UBLTFC5], due to an upcoming book closure. The suspension period will commence on January 20, 2025, and trading is expected to resume on January 29, 2025. This measure is to facilitate the 28th profit payment to the certificate holders.

The bank has set the book closure dates from January 21, 2025, to January 28, 2025. During this time, relevant administrative processes will be carried out to ensure the orderly distribution of profits to holders of the [UBLTFC5] certificate.

According to information available from the Pakistan Stock Exchange (PSX), all stakeholders and market participants have been requested to take note of these dates to avoid any potential trading discrepancies. The temporary halt in trading is a standard practice in the financial industry to ensure transparency and fairness in the distribution of returns to investors.

Trading activities for [UBLTFC5] are scheduled to resume on January 29, 2025, following the completion of the book closure period. Market participants are advised to plan their trading activities accordingly to accommodate this brief suspension.