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KARACHI: Byco Petroleum’s Sukuk issue of Rs3.12 billion approved by the Pakistan Stock Exchange and will be listed from today, with trading to begin from Thursday.

Qualified institutional buyers will be eligible to trade and each certificate will have a face value of Rs100,000. The National Clearing Company of Pakistan has assigned the security symbol “BYCOSC” to the bond.

JS Capital Ltd has been appointed as the market maker of the issue and will provide two-way quotes on a daily basis.

Published in Dawn, September 5th, 2018