Karachi: JS Investments Limited has scheduled a Board of Directors meeting for August 20, 2024, to review and approve the financial accounts of the company and the funds it manages. This crucial meeting will take place both online via the Zoom application and in-person at The Centre on Abdullah Haroon Road.
The meeting aims to finalize the accounts for the period ending June 30, 2024, and to discuss the potential distribution of dividends for the JS Momentum Factor Exchange Fund (JSMFETF). According to information available from the Pakistan Stock Exchange (PSX), the company has also announced a "Closed Period" from August 14 to August 20, during which directors, the CEO, and executives are prohibited from trading shares of both the company and JSMFETF.
This decision is in compliance with Clause 5.6.1 of the PSX Regulations, which restricts trading by insiders during sensitive periods. The TRE Certificate Holders of the Exchange have been notified about these developments to ensure transparency and adherence to regulatory standards.