Karachi: AKD Securities Limited has scheduled a Board of Directors meeting for October 2, 2024, to discuss the company's annual accounts for the fiscal year ended June 30, 2024. The meeting will be held in Karachi and may also be conducted via video or audio link to accommodate all participants.

The company has announced a Closed Period starting from September 25, 2024, until the date of the meeting, in compliance with Clause 5.6.4 of the Pakistan Stock Exchange Regulations. During this period, directors, the CEO, and executives are prohibited from dealing in the company's shares, whether directly or indirectly.

According to information available from the Pakistan Stock Exchange (PSX), the purpose of this Closed Period is to prevent any insider trading or unfair advantage derived from unreleased financial data. The financial results to be reviewed are crucial as they summarize the company's performance for the entire fiscal year and are a primary factor in financial and strategic planning.

The designated market category for AKD Securities Limited will be closely monitored as these financial disclosures play a critical role in determining the market's response to the company's performance and future outlook. Transparency during this period is vital to maintaining shareholder trust and market stability.

All relevant parties, including TRE Certificate Holders of the Exchange, have been informed about the meeting and the associated Closed Period. This measure ensures that all stakeholders are aware of the restrictions in place and the significant financial disclosures that are anticipated.