Karachi, The Pakistan Stock Exchange (PSX) has announced the continuation of the trading suspension of M/s. Security Leasing Corporation Limited. This decision follows the prior notice PSX/N-95 issued on January 30, 2024, which initially suspended trading due to various compliance issues.

The suspension stems from the company's failure to address the causes that led to the initial suspension as per PSX regulations. These include the suspension of commercial production/business operations, an adverse opinion in its audit report, revocation of its leasing license by the Securities and Exchange Commission of Pakistan (SECP), and ongoing winding-up proceedings initiated by SECP. The company has not resolved these issues, prompting the PSX to extend the suspension.

Under the authority of Section 19(7) of the Securities Act, 2015, and Clause 5.11 of the PSX Regulations, the exchange has ruled that trading in the shares of Security Leasing Corporation Limited will remain halted. The suspension will last until the company rectifies the non-compliance issues or for an additional sixty days starting from March 31, 2024.