The management of Karachi Stock Exchange (KSE) has decided that trading in the shares of 15 companies shall be kept suspended for a further period of 60 days from October 18, 2006, or until such time as the cause of suspension is removed.
In a notice issued here on Tuesday, the KSE said that since these companies have not so far removed the cause of suspension of trading in their shares, the management of KSE 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 15 companies has been suspended: First Tawakkal Modaraba; Kohinoor Looms Limited; Tawakkal Garment Industries Limited; Zahur Textile Mills Limited; Tawakkal Polyester Industries Limited; Mian Muhammad Sugar Mills Limited; Tawakkal Limited; Standard Insurance Company Limited; Ayaz Textile Mills Limited; Mohib Exports Limited; Data Agro Limited; Muslim Ghee Mills Limited; Ittefaq Textile Mills Limited; Harnai Woollen Mills Limited; and Bela Engineers Limited.
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