Karachi: The Pakistan Stock Exchange (PSX) has extended the suspension of trading in the shares of Trust Investment Bank Limited and Safa Textiles Limited, following the companies' failure to address regulatory defaults. The announcement, made on July 23, 2026, comes after both entities did not comply with specific PSX regulations, leading to the continuation of their trading suspension.

The decision affects Trust Investment Bank Limited, which has been unable to hold its Annual General Meetings, submit Annual Audited Financial Statements, and pay dues to the exchange. Additionally, the company's Investment Finance Services (IFS) license was canceled by the Securities and Exchange Commission of Pakistan (SECP), which has also initiated winding-up proceedings against it. Similarly, Safa Textiles Limited has not held its Annual General Meetings, submitted the required financial documents, or paid its dues to the exchange.

According to information available from the Pakistan Stock Exchange (PSX), the trading in shares of these companies will remain suspended for an additional period of 60 days, effective July 24, 2026, unless the aforementioned issues are rectified. The decision was executed under Sub-Section (7) of Section 19 of the Securities Act, 2015, in conjunction with Clause 5.11 of the PSX Regulations.

This measure underscores the regulatory framework's emphasis on compliance and transparency, ensuring that companies listed on the exchange adhere to established protocols. The suspension will continue to be enforced until the companies fulfill their obligations and remove the causes of suspension, as stipulated by the PSX regulations.