Islamabad: A series of lost or misplaced share certificates involving several leading companies has prompted immediate action by CDC Share Registrar Services Limited, as reported on September 8, 2024.

Several prominent firms, including Habib Rice Products Limited, BankIslami Pakistan Limited, Allied Bank Limited, Sui Southern Gas Company Limited, Oil and Gas Development Company Limited, and Habib Bank Limited, have been affected. According to information available from the Pakistan Stock Exchange (PSX), these incidents involve a variety of share certificates across different shareholders, indicating a systemic issue rather than isolated events.

Each company listed in the report has a varying number of shares affected, with the total number of shares involved in the incidents ranging significantly. For instance, the loss associated with Habib Bank Limited involves a considerably larger number of shares compared to those of other companies.

The notification issued by CDC Share Registrar urges members of the Pakistan Stock Exchange not to engage in transactions with the lost certificates and alerts that duplicate certificates will be issued if no legitimate claims or objections are received within seven days. This protocol is part of a broader regulatory framework designed to maintain the integrity and stability of the financial market by safeguarding shareholder rights and preventing potential misuse of lost certificates.