Naya Nazimabad Apartment REIT begins trading on PSX today

Mettis Global reported that Naya Nazimabad Apartment REIT began trading on the Pakistan Stock Exchange on Thursday, September 17, 2026, under the market symbol NNAR. The units trade in a market lot of one, with a face value of Rs10 each, and the opening price of Rs23 per unit was set through book-building. Normal circuit breakers apply to that opening level in the Ready Market.

Settlement will run on a T+1 basis, with the first settlement date set for Friday, September 18, 2026. The Central Depository Company has declared the units an eligible security, and all trades will be settled through the National Clearing Company of Pakistan. CDC Share Registrar Services Limited acts as the share registrar for the scheme.

In the exchange's daily quotations, the scheme appears in the Real Estate Investment Trust sector. After assessing its latest accounts and business activity, the units were deemed Shariah-compliant against the KMI All Share Index screens. As a result, they qualify for the PSX-KMI All Share Islamic Index (KMIALLSHR) from the listing date, according to the notification to the exchange.