PSX resumes trading of FRR, VRR GIS with new profit rates
MG News | December 27, 2024 at 01:20 PM GMT+05:00
December 27, 2024 (MLN): Pakistan Stock Exchange (PSX) has announced today that trading in the 3- and 5-year Fixed Rental Rate (FRR) and Variable Rental Rate (VRR) instrument issued on June 28, 2024 , will resume on December 30, 2024.
The local bourse issued a notice today referring to a notice dated June 28, 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 June 28,2024 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 24-Dec-24 | Spread % as per 27-Jun-24 Auction | Net Profit Rate % applicable from 28-Dec-24 till 28- Jun-25 |
|---|---|---|---|---|---|
| P03VRR280627 | 3 Year Variable Rental Rate – Maturity Date 28-Jun-27 | 19.6427 | 11.8901 | - 0.30 | 11.5901 |
| P05VRR280629 | 5 Year Variable Rental Rate – Maturity Date 28-Jun-29 | 19.6327 | 11.8901 | - 0.31 | 11.5801 |
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