Karachi: The Pakistan Stock Exchange (PSX) announced the continuation of the suspension of trading in the shares of Al-Abid Silk Mills Limited, Dewan Salman Fibre Limited, and Fatima Enterprise Limited, according to a statement released on July 7, 2026. The decision extends the suspension for an additional 60 days starting July 8, 2026, due to unresolved regulatory defaults by these companies.

Al-Abid Silk Mills Limited and Dewan Salman Fibre Limited have both halted commercial production in their principal business operations. Their auditors have issued adverse opinions in audit reports, citing significant concerns. Additionally, the Securities and Exchange Commission of Pakistan (SECP) has ordered these companies to file winding-up petitions in court, and creditors have already initiated these legal proceedings.

Meanwhile, Fatima Enterprise Limited is facing suspension due to its failure to conduct annual general meetings, submit annual audited accounts, and settle dues owed to the exchange.

According to information available from the Pakistan Stock Exchange (PSX), the trading suspension will remain in effect until the companies rectify the causes of suspension or until another 60-day period elapses. This action is taken under the authority provided by Sub-Section (7) of Section 19 of the Securities Act, 2015, and Clause 5.11 of the PSX Regulations.

The situation remains a matter of concern for stakeholders and investors, as the companies have not yet addressed the regulatory issues leading to their suspension.