Karachi: Abbott Laboratories (Pakistan) Limited has announced the loss of multiple share certificates owned by Mr. Ijvanjee Chandia, a shareholder residing in Karachi. The loss, reported on September 19, 2024, encompasses certificates that collectively account for 210 shares, identified under folio number 273. The details of the missing certificates span distinct numbers from 7494120 to 82157751, across a range of quantities from as few as 6 shares to as many as 100 shares.

The company has issued a formal notice requesting that the Pakistan Stock Exchange (PSX) members refrain from transacting these specific shares to prevent any potential misuse. According to information available from the Pakistan Stock Exchange (PSX), such incidents prompt regulatory measures to ensure market stability and protect shareholder interests.

In accordance with the procedure, Abbott Laboratories has mandated that if no valid objections are received within seven days following the publication of this notice, duplicate certificates will be issued to Mr. Chandia to replace those reported lost. This measure is intended to safeguard the assets and rights of the shareholder and maintain transparency within the market operations.

The loss of such a significant number of shares calls attention to the need for enhanced security measures in the handling and storage of share certificates to prevent similar occurrences in the future.