The Karachi Stock Exchange (KSE) has decided that trading in the shares of 19 companies will remain suspended for a further period of 60 days effective from June 06, 2012.
"Since the companies have so far not removed the cause of suspension of trading in their shares, it has been decided in the interest of trade and public and in exercise of the power vested in the Exchange under sub-section (7) of Section 9 of the Securities and Exchange Ordinance, 1969 and Listing Regulations, trading in the shares of the 19 companies shall remain suspended for a further period of 60 days," a KSE notice issued here on Monday said.
The companies include: Fazal Vegetable Ghee Mills Limited, Extraction (Pakistan) Limited, Medi Glass Limited, Mineral Grinding Mills Limited, Abson Industries Limited, Saif Nadeem Kawasaki Motors Limited, Prudential Stocks Fund Limited, Quality Steel Works Limited, English Leasing Limited, Sunshine Cotton Mills Limited, Sadoon Textile Industries Limited, Taxila Engineering Limited, Hakkim Textile Mills Limited, Suraj Ghee Industries Limited, MacDonald Layton and Company Limited, Ittefaq General Insurance Company Limited, Prudential Discount and Guarantee House Limited and Kashmir Polytex Limited.
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