GoP Hybrid Sukuk set to begin secondary market trading on PSX

May 22, 2026 (MLN): The Pakistan Stock Exchange (PSX) has confirmed that the newly issued Government of Pakistan (GoP) Hybrid Sukuk (GHS) will be available for trading in the secondary market starting Monday, May 25, 2026.

Following a successful primary market auction on May 20 and subsequent settlement on May 21, market participants will now be able to actively trade.

The listed instrument is a 1-Year Fixed Rate Discounted Sukuk, set to mature on May 20, 2027.

Trading will be conducted via the Jade Trading Terminal (JTT) – BnB Enabled Terminal.

The essential trading metrics and instrument specifications are provided in the table below.

Regarding settlement and custody, the exchange has outlined specific settlement cycles depending on the market type. The Continuous Auction market will operate on a T+1 settlement cycle, while the Negotiated Deals Market will feature an instant T+0 settlement.

Clearing, settlement, and risk management will be handled by the National Clearing Company of Pakistan Limited (NCCPL), with custody held by the Central Depository Company (CDC).

The PSX has also released a specific technical advisory for all market participants. Traders are advised to verify their Settlement Value using the BnB Trade Log available on THIMS, as well as the NCSS Settlement Report available on respective NCSS terminals post-execution. Participants are strictly instructed to ignore the "Traded Value" displayed under the Message Window of the trading terminal.

For any trading assistance in the secondary market, investors and participants can reach out to the relevant authorities.

The aforementioned information was disseminated through a notification to Exchange.

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