Karachi: In a series of reports to the Pakistan Stock Exchange (PSX) dated August 7, 2020, several share certificates have been reported lost or misplaced. The issuances, spanning multiple companies, have triggered a cautionary response from the exchange, urging members not to transact the mentioned certificates pending further notice.

According to information available from the Pakistan Stock Exchange (PSX), CDC Share Registrar Services Limited announced the loss of various share certificates from notable companies such as Allied Bank Limited, Ibrahim Fibres Limited, and Habib Bank Limited. An annexure accompanying the notice lists detailed distinctive numbers and folio numbers associated with each lost certificate. For example, Habib Bank Limited has several certificates missing, with shareholder Mehdi Mohammad Lalani reporting a loss of shares with distinctive numbers ranging from 1263571086 to 1263571102, totaling 17 shares.

The total shares lost under Habib Bank Limited across various reports amount to 122 shares, with different shareholders including Danish Khan and Sheraz noted in the filings. Ibrahim Fibres Limited reported a significant loss of 8,344 shares, flagged by shareholder Mrs. Saima Nasim. Her loss spans distinctive numbers from 258927461 to 258935960.

Millat Tractors Limited and Askari Bank Limited also reported substantial losses. Askari Bank noted a cumulative loss of 1,676 shares across multiple certificates, with Mr. Saeed A. Mirza alone accounting for a loss of 100 shares between distinctive numbers 81110933 to 81111032. Millat Tractors' largest single report came from Mr. Qamar Islam Khan, who reported the loss of 33,837 shares, with the largest batch of 17,372 shares lost between distinctive numbers 133300325 to 133317696.

In all cases, the companies have advised the Pakistan Stock Exchange to circulate the information among its members and have stipulated a waiting period ranging from three to seven days for objections. If no objections are raised, duplicate share certificates will be issued to the concerned shareholders. This precautionary measure is intended to safeguard the interests of the shareholders and ensure the integrity of transactions on the exchange.