Karachi: Share certificates for several prominent Pakistani companies have been reported as lost or misplaced, prompting an advisory to the members of the stock exchange to refrain from transactions involving these certificates. The affected companies include Hascol Petroleum Limited, Jubilee Life Insurance Company Limited, and Habib Bank Limited.

The incident, reported on May 30, 2025, highlights the importance of secure management of share certificates. The loss involves both verified and unverified transfer deeds associated with the aforementioned companies. The absence of these documents could potentially disrupt trading activities and shareholder transactions involving these companies on the stock market.

According to information available from the Pakistan Stock Exchange (PSX), members of the exchange have been advised to avoid dealing in the listed certificates until further notice. This advisory is a precautionary measure to prevent potential fraudulent activities or unauthorized transactions that may arise from the lost certificates.

The companies involved have issued a seven-day notice period for any objections regarding the reissuance of duplicate certificates. If no objections are received within this timeframe, the companies will proceed with issuing duplicates to the affected shareholders. This procedural step ensures that shareholders retain their rights and can continue to engage in market activities without undue delay.

The designated market category for these companies remains unchanged as the exchange and the companies involved work to resolve the matter. The situation underscores the need for vigilant record-keeping and prompt reporting of any irregularities to maintain the integrity of market operations.