The Karachi Stock Exchange (KSE) has suspended the trading of 15 listed companies for a further period of 60 days from June 28, 2009 or until such time the cause of suspension is removed. In a notice issued here on Friday, the KSE said since the following companies have not so far removed the cause of suspension of trading in their shares.
The KSE in the interest of trade and public and in exercise of the power vested under Listing Regulation No 5(2)(iii) read with Section 9(7) of the Securities and Exchange Ordinance, 1969 has decided that trading in the shares of these companies shall be kept suspended for a further period of 60 days.
The names of suspended companies are: 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, Kaiser Arts & Krafts Limited, Norrie Textile Mills Limited and Southern Networks Limited.
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