Naya Nazimabad Apartment REIT Begins Trading on Pakistan Stock Exchange

Naya Nazimabad Apartment REIT has begun trading on the Main Board of the Pakistan Stock Exchange as of Thursday, September 17, 2026, marking the formal listing of the real estate investment trust on the exchange. Trading will settle on a T+1 basis, with the first settlement date falling on Friday, September 18, 2026, following the standard settlement cycle used across the exchange’s Ready Market.

The exchange has assigned the REIT scheme the market symbol NNAR, with a market lot set at one unit priced at Rs 10 each. The opening price was fixed at Rs 23 per unit, determined through the book-building process ahead of the listing, and normal circuit breakers will apply on the opening price within the Ready Market, in line with standard trading rules applied to newly listed securities on the exchange.

The units have already been declared an eligible security by the Central Depository Company, with all transactions in the REIT to be settled through the National Clearing Company of Pakistan. CDC Share Registrar Services Limited is acting as the share registrar for the scheme, handling the administrative processes tied to unit ownership and transfers. The REIT will be quoted under the Real Estate Investment Trust sector in the exchange’s daily quotations, giving investors a dedicated category to track its performance alongside other listed securities.

Following a review of its latest financial statements and the nature of its business, the REIT has been deemed Shariah-compliant under the KMI All Share Index screening criteria, making it eligible for inclusion in the PSX-KMI All Share Islamic Index from its listing date. The listing was disseminated through a formal notification to the exchange, and no further details were shared regarding trading volumes or investor demand since trading began earlier today.

Follow the SPIN IDG WhatsApp Channel for updates across the Smart Pakistan Insights Network covering all of Pakistan’s technology ecosystem.

Hot this week

1LINK Onboards Star Logics for Raast P2M QR Payments Through Faysal Bank

1LINK has onboarded Star Logics as a merchant aggregator on 1GO Raast P2M services, enabling merchants to accept digital payments through static QR codes.

Meezan Bank Promotes Islamic Banking Awareness and Sustainability at Salim Habib University

Meezan Bank collaborated with Salim Habib University to promote Islamic banking awareness, showcase consumer finance solutions, and encourage environmentally responsible practices.

Markup Valley Becomes SUNRATE Channel Partner to Support Global Business Payments

Markup Valley has become an official channel partner of SUNRATE, aiming to provide cross-border payment solutions to businesses operating in global markets.

Young Minds Forum Announces Startup Finance Workshop for Entrepreneurs at Bahria University Islamabad

Young Minds Forum will host a Startup Finance 101 workshop on October 20, 2026, featuring Ibtisam Babar of ABHI Microfinance Bank.

SECP Creates Corporate Intelligence Unit to Identify Ponzi Schemes and Unlicensed Financial Activities Across Pakistan

SECP has approved a Corporate Intelligence Unit to identify suspected financial fraud, monitor public information and protect investors from illegal schemes.

Topics

1LINK Onboards Star Logics for Raast P2M QR Payments Through Faysal Bank

1LINK has onboarded Star Logics as a merchant aggregator on 1GO Raast P2M services, enabling merchants to accept digital payments through static QR codes.

Meezan Bank Promotes Islamic Banking Awareness and Sustainability at Salim Habib University

Meezan Bank collaborated with Salim Habib University to promote Islamic banking awareness, showcase consumer finance solutions, and encourage environmentally responsible practices.

Markup Valley Becomes SUNRATE Channel Partner to Support Global Business Payments

Markup Valley has become an official channel partner of SUNRATE, aiming to provide cross-border payment solutions to businesses operating in global markets.

Young Minds Forum Announces Startup Finance Workshop for Entrepreneurs at Bahria University Islamabad

Young Minds Forum will host a Startup Finance 101 workshop on October 20, 2026, featuring Ibtisam Babar of ABHI Microfinance Bank.

SECP Creates Corporate Intelligence Unit to Identify Ponzi Schemes and Unlicensed Financial Activities Across Pakistan

SECP has approved a Corporate Intelligence Unit to identify suspected financial fraud, monitor public information and protect investors from illegal schemes.

Pakistan and Mashreq Bank Explore Digital Finance, Financial Inclusion, and Potential Further Panda Bond Issuances

Pakistan and Mashreq Bank have discussed digital banking, financial inclusion, blockchain, Sukuk and potential additional Panda bond issuances.

1LINK and JazzSure Sign Embedded Insurance Agreement to Expand Digital Coverage Through Everyday Bill Payments

1LINK and JazzSure Insurance have signed an agreement to offer optional insurance through participating banks and billers during digital bill payments.

Faysal Bank Consumer Finance Crosses PKR 100 Billion Milestone With Secured Financing Products Driving Growth

Faysal Bank reports a PKR 100 billion consumer finance milestone, highlighting the contribution of secured financing products to its business.
spot_img

Related Articles

Popular Categories