The management of the Karachi Stock Exchange (KSE) has decided that trading in the shares of 13 companies shall be kept suspended for a further period of 60 days from November 10, or until such time as the cause of suspension is removed.
In a notice here on Wednesday, the KSE said that since these companies have not so far removed the cause of suspension of trading in their shares, the KSE management in the interest of trade and public and in exercise of the powers vested under Listing Regulation No 5(2)(iii) read with Section 9(7) of the Securities & Exchange Ordinance, 1969, decided to suspend the trading of the shares of these companies.
The trading of the shares of following 13 companies has been suspended: Pakistan Northern Insurance Company Limited; Awan Textile Mills Limited; Taga Pakistan Limited; Pakistan Dairies Limited; Regal Ceramics Limited; Junaid Cotton Mills Limited; Alif Textile Industries Limited; Apex Fabrics Limited; Myfip Video Industries Limited; Mehran Jute Mills Limited; Azmat Textile Mills Limited; Bahawalpur Textile Mills Limited; and Kaiser Arts & Krafts Limited.
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