Karachi: United Bank Limited has reported the loss of multiple share certificates belonging to shareholder Muhammad Arif Mahmood Qureshi. The lost certificates, under folio number 69888, represent a significant number of shares, totaling 471, spread across several certificate numbers and distinctive numbers.

According to information available from the Pakistan Stock Exchange (PSX), the lost certificates were reported from a diverse range of series, indicating the complexity and volume of the shares involved. The specific certificates lost range from certificate number 69888 to various others, with distinctive numbers spanning from 531972401 to 1129770113.

The address listed for the shareholder is Al-RCA Road, Azeem Town, Khanewal, suggesting the regional impact of this incident. United Bank has taken immediate steps to prevent any unauthorized transactions involving these shares by advising members of the Exchange not to deal in these certificates. If no objections are received within 21 days from the notice, the bank will proceed with issuing duplicate certificates to Mr. Qureshi.

This situation underscores the importance of secure handling and storage of physical share certificates to avoid such losses, which can pose significant inconveniences to shareholders and potentially disrupt market activities.