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Mettis Global News

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

ESG sukuk market to surpass $50bn this year
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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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Posted on: 2024-12-27T13:20:00+05:00