The management of Karachi Stock Exchange (KSE) has suspended the trading in the shares of Carvan East Fabrics, Prudential Investment Bank and National Fibres Limited here on Wednesday.
In three separate notices issued by KSE, it was stated that since National Fibres Limited has not so far removed the cause of suspension of trading in its shares, the management of KSE in the interest of trade and public and in exercise of powers 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 shares of the company shall remain suspended for a further period of 60 days from April 12, 2013.
Another notice stated that since Prudential Investment Bank has not so far removed the cause of suspension of trading in its shares, the KSE in the interest of trade and public and in exercise of powers 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 shares of the company shall remain suspended for a further period of 60 days from April 12, 2013.
And, one more notice mentioned that since Carvan East Fabrics has not so far removed the cause of suspension of trading in its shares, the management of KSE in the interest of trade and public and in exercise of powers 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 shares of the company shall remain suspended for a further period of 60 days effective from April 11, 2013.