June 24, 2026 (MLN): The Pakistan Stock Exchange (PSX) will resume trading of the Government of Pakistan (GoP) Ijarah Sukuk (GIS) issue dated June 28, 2024, beginning on June 29, 2026, after a prior suspension due to rental payment matters.
According to a PSX notice released on Wednesday, trading in the three‑year and five‑year Fixed Rental Rate (FRR) and Variable Rental Rate (VRR) GIS instruments will recommence on Monday, June 29, 2026, since June 28 is a Sunday.
The exchange has updated the profit rates for the Variable Rental Rate (VRR) GIS instruments, using the latest six‑month weighted average yield of 11.7239% as of June 23, 2026.
Under the new rates, the three‑year Variable Rental Rate GIS (code P03VRR280627), maturing on June 28, 2027, will deliver a net profit rate of 11.4239%, an increase from the prior rate of 10.1639%.
Likewise, the five‑year Variable Rental Rate GIS (code P05VRR280629), maturing on June 28, 2029, will feature a revised net profit rate of 11.4139%, up from the earlier rate of 10.1539%.
Security CodeInstrumentCurrent Net Profit Rate (%)Latest 6-Month Weighted Average Yield (%)Spread (bps)Revised Net Profit Rate (%)P03VRR2806273-Year Variable Rental Rate GIS (Maturity: June 28, 2027)10.163911.7239-30.0011.4239P05VRR2806295-Year Variable Rental Rate GIS (Maturity: June 28, 2029)10.153911.7239-31.0011.4139
PSX has urged all market participants to note the revised profit rates and make the required adjustments in their systems and records.
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