PSX resumes trading of FRR, VRR GIS with new profit rates
By MG News | July 23, 2024 at 03:34 PM GMT+05:00
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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