PSX resumes trading of FRR, VRR GIS with new profit rates

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MG News | July 23, 2024 at 03:34 PM GMT+05:00

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July 23, 2024 (MLN): The Pakistan Stock Exchange (PSX) has announced today that trading in the 3- and 5-year Fixed Rental Rate (FRR) and Variable Rental Rate (VRR) instruments issued on January 24, 2024, will resume on July 24, 2024.

The local bourse issued a notice today referring to a notice dated July 8, 2024, regarding the suspension of trading in GoP Ijarah Sukuk (GIS) due to issues related to the first rental payment.

Further to note that 3 & 5 Year VRR instruments of issue dated January 24, 2024 shall be tradeable based on revised profit rates details of which are as under:

Instruments Code Instruments Name Net Profit Rate currently applicable % Latest Weightage Average Yield % As of 10-Jul-24 Spread % as per 23-Jan-24 Auction Net Profit Rate% applicable from 24-Jul-24
P03VRR240127 3-Year Variable Rental Rate – Maturity Date 24-Jan-27 21.1101 19.6839 +0.15 19.8339
P05VRR240129 5 Year Variable Rental Rate – Maturity Date 24-Jan-29 21.2401 19.6839 +0.28 19.9639

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