The Karachi Stock Exchange has decided to suspend provisional trading in the certificates of Pak Oman Advantage Fund (POAF) with effect from May 21, 2007 till the fund is formally listed on the Ready Board.
In a notice issued here on Thursday, the KSE said that the decision has taken in view of non-holding of ballot for the allotment of certificate of the POAF and in exercise of the powers vested in the Board of Directors of the exchange under Regulation No 4 of the "Regulations for Futures Trading in the provisionally listed companies". Moreover, in terms of the said regulation, the transactions executed before the suspension shall be deemed to be valid and remain binding on the parties concerned.