Govt purchases Rs19bn Ijara Sukuk on Bai Mujjal basis

MG News | July 11, 2024 at 09:20 PM GMT+05:00

0:00

July 11, 2024 (MPN): The State Bank of Pakistan (SBP) conducted an auction on Thursday for the outright purchase of Government of Pakistan Ijara Sukuk (GIS) on a deferred payment basis (Bai Muajjal), in which it purchased Rs19 billion.

SBP received bids worth Rs23bn for the sale of GIS Variable Rental Rate 35 (GIS-VRR 35), which reflects the total value of GIS that participants were willing to sell.

Meanwhile, the price at which they were prepared to sell on a deferred basis to the government stood in the range of Rs175.41 to Rs175.68.

The cut-off price stood at Rs175.41.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	172,008.63 181.38M	0.69% 1178.41
ALLSHR	103,432.49 404.14M	0.50% 510.12
KSE30	52,577.70 96.89M	0.78% 408.21
KMI30	244,383.75 48.81M	0.59% 1423.44
KMIALLSHR	67,086.54 150.10M	0.46% 306.12
BKTi	47,935.24 58.61M	1.05% 499.64
OGTi	33,516.83 2.71M	0.43% 143.22

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	89,160.00	90,115.00 87,355.00	1410.00 1.61%
BRENT CRUDE	62.42	62.49 62.15	0.18 0.29%
RICHARDS BAY COAL MONTHLY	87.50	0.00 0.00	1.30 1.51%
ROTTERDAM COAL MONTHLY	94.50	0.00 0.00	-0.70 -0.74%
USD RBD PALM OLEIN	1,027.50	1,027.50 1,027.50	0.00 0.00%
CRUDE OIL - WTI	58.57	58.60 58.31	0.22 0.38%
SUGAR #11 WORLD	15.30	15.34 15.16	0.10 0.66%