Exchange also revises profit rates for variable rental instruments after latest six-month weighted average yield update
KARACHI: The Pakistan Stock Exchange will resume trading in the Government of Pakistan Ijarah Sukuk issue dated June 28, 2024, from June 29, 2026, after the earlier suspension linked to rental payments, according to an official notice issued on Wednesday.
The exchange said trading in the three-year and five-year Fixed Rental Rate and Variable Rental Rate Government of Pakistan Ijarah Sukuk instruments would restart on Monday because June 28 falls on a Sunday.
At the same time, the PSX has revised the profit rates for the Variable Rental Rate sukuk based on the latest six-month weighted average yield of 11.7239 percent as of June 23, 2026.
Trading in suspended sukuk issues to restart next week
According to the exchange notice, the resumed instruments include both three-year and five-year sukuk under fixed and variable rental structures issued on June 28, 2024.
The resumption follows the completion of the suspension period that had been imposed in connection with rental payment processing. Market participants have now been formally notified that trading activity in these instruments will continue from June 29 without further interruption.
The development is expected to restore normal activity in these government-backed Shariah-compliant debt instruments, which are actively traded by investors seeking fixed-income exposure through Islamic finance products.
Variable rental rates raised after yield adjustment
Under the revised schedule, the three-year Variable Rental Rate sukuk, maturing on June 28, 2027, will now offer a net profit rate of 11.4239 percent, compared with the previous applicable rate of 10.1639 percent.
Similarly, the five-year Variable Rental Rate sukuk, maturing on June 28, 2029, will carry a revised net profit rate of 11.4139 percent, up from the earlier 10.1539 percent.
The exchange said the revision was made in line with the latest six-month weighted average yield and the applicable spread for each instrument.
PSX has advised all brokers, investors and market participants to take note of the updated rates and ensure the necessary adjustments are made in their internal systems, records and trading operations before the instruments return to the market next week.
The revised rates are expected to affect pricing and investor returns on the variable rental sukuk going forward.
