Might 20, 2025 (MLN): The Authorities of Pakistan's Islamic Authorities Funding Sukuk (GIS), issued by means of the first market public sale carried out by the Pakistan Inventory Trade (PSX) on Might 16, 2025, was settled on Might 19, 2025.

It will likely be made out there for buying and selling within the secondary market at PSX ranging from Might 21, 2025.

The GIS will likely be traded by means of the Jade Buying and selling Terminal (JTT), a BnB enabled terminal, as per the discover issued by PSX.

This instrument, titled “3-Yr Variable Charge Inexperienced Sukuk – Maturity Date 19-Might-28,” is a recent difficulty and carries an emblem code of P03GVR190528.

The sukuk has a maturity date of Might 19, 2028, with one year in a 12 months, a cut-off value of Rs100, and a cut-off rental fee of 10.6364%.

The instrument will likely be listed on Might 20, 2025, with a problem date of Might 19, 2025. Every sukuk has a face worth of Rs5,000 and will be traded in multiples of Rs5,000.

The minimal purchase/promote order amount is about at 5,000, with a most restrict of 5 billion items.

The utmost purchase/promote order worth is capped at Rs6bn, and the lot dimension for buying and selling is fastened at 5,000.

Market mechanics embody a value tick of 0.0001 and circuit breakers set between 0.0001 and 400.

The settlement cycle for steady public sale trades will likely be T+1, whereas trades carried out by means of the negotiated offers market will observe a T+0 settlement cycle.

Clearing, settlement, and threat administration for the sukuk will likely be dealt with by the Nationwide Clearing Firm of Pakistan Restricted (NCCPL), whereas custody of the securities will likely be maintained by the Central Depository Firm of Pakistan Restricted (CDC).

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Posted on: 2025-05-20T13:40:05+05:00

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