Naya Nazimabad Apartment REIT Starts Trading on PSX Today at Rs23

September 17, 2026

1 min read

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Naya Nazimabad Apartment REIT (NNAR) commences trading today, September 17, 2026, on the Main Board of the Pakistan Stock Exchange in Karachi following its formal listing announcement. Traded under the security symbol "NNAR" with a market lot of one unit, the Real Estate Investment Trust opens at Rs23 per unit—determined through the book-building process—against a face value of Rs10 each. Transactions will be settled on a T+1 basis through the National Clearing Company of Pakistan Limited, with normal circuit breakers applicable in the Ready Market. Furthermore, the Pakistan Stock Exchange has deemed the REIT Shariah-compliant under the KMI All Share Index screening criteria, ensuring its immediate inclusion in the PSX-KMI All Share Islamic Index from its debut. This listing broadens Pakistan's structured Islamic investment instruments, providing market participants with regulated exposure to the real estate sector.

KARACHI: Naya Nazimabad Apartment REIT (NNAR) is set to start trading on the Main Board of Pakistan Stock Exchange (PSX) today, September 17, 2026, following its formal listing announced by the exchange on September 16.

According to the PSX notice, trading in NNAR units will commence today and transactions will be settled on a T+1 basis, with the first settlement date scheduled for September 18.

The REIT will trade under the security symbol “NNAR”, with a market lot of one unit. Its opening price has been set at Rs23 per unit, as determined through the book-building process.

The units have a face value of Rs10 each, while normal circuit breakers will apply to the opening price in the Ready Market.

NNAR will be quoted under PSX’s Real Estate Investment Trust sector, with transactions settled through the National Clearing Company of Pakistan Limited (NCCPL).

PSX has also deemed the REIT Shariah-compliant under the Shariah Screening Criteria of the KMI All Share Index. It will consequently be included in the PSX-KMI All Share Islamic Index (KMIALLSHR) from its listing date.

Source: Pakistan Stock Exchange (PSX)

Written by

Usman Hanif

Usman is an Economy journalist with a sharp eye for market analysis, fiscal policy, and global trade trends. He is dedicated to breaking down complex economic data into accessible insights for our readers.