Trading in shares of four companies: KSE suspends trading for further 60 days

The management of Karachi Stock Exchange has decided to suspend trading in the shares of four listed companies for a further period of 60 days with effect from November 15, 2012. These companies are including Kohinoor Looms Limited, Standard Insurance Company Limited, Ayaz Textile Mills Limited and Mohib Exports Limited.
"Since these companies have not so far removed the cause of suspension of trading in their shares, the management of Karachi Stock Exchange, 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 and Exchange Ordinance, 1969 has decided that the trading in the shares of these companies will be kept suspended for a further period of 60 days from November 15, 2012 or until such time as the cause of suspension is removed," a KSE notice issued here on Wednesday said.