Karachi: The Pakistan Stock Exchange (PSX) has announced an extension in the suspension of trading for M/s Security Leasing Corporation Limited's shares following continued non-compliance with regulatory requirements. According to the latest notice, trading will remain suspended for an additional 60-day period starting January 25, 2025, unless the underlying issues are resolved.

The initial suspension, as detailed in PSX Notice No. PSX/N-1122 dated November 25, 2024, was prompted by several compliance failures under PSX Regulations 5.11.1.(a)(g)(h) and 5.11.2.(a). These include the cessation of commercial production and business operations in the company's principal line of business, an adverse opinion in its audit report, the cancellation of its leasing license by the Securities and Exchange Commission of Pakistan (SECP), and an SECP order initiating winding-up proceedings against the company.

The PSX's decision to extend the suspension is based on the authority granted under Sub-Section (7) of Section 19 of the Securities Act, 2015, and the relevant PSX regulations. This move underscores the exchange's commitment to maintaining market integrity and protecting investor interests in the designated market category.

According to information available from the Pakistan Stock Exchange (PSX), the ongoing suspension will remain effective until Security Leasing Corporation Limited addresses the highlighted regulatory issues or until the specified additional suspension period concludes. The exchange continues to monitor the situation closely and awaits compliance measures from the company.

Investors and stakeholders are advised to stay informed about further developments regarding the suspension status of Security Leasing Corporation Limited's shares. The PSX remains vigilant in ensuring compliance and transparency within its listed entities.