Karachi: In compliance with regulatory requirements, Chase Securities (Private) Limited, a holder of Trading Right Entitlement (TRE) Certificate number 526, has announced the closure of its branch office located in Karachi. The decision, detailed in a letter dated October 9, 2024, and addressed to the Manager of Trading and TREC Affairs at Pakistan Stock Exchange (PSX), is slated to take effect from January 6, 2025.

According to the document submitted to PSX, the closure pertains to the company's office at Room no. 405 in the Clifton Diamond Building, Block-4, Clifton, Karachi. This move is part of a broader strategic shift as the firm expands its head office operations. The notification aligns with the PSX Regulation Clause 22.9(a), Point No. 3, which mandates public disclosure of such operational changes through newspaper publication.

According to information available from the Pakistan Stock Exchange (PSX), this regulatory measure ensures transparency and keeps all stakeholders informed about significant corporate actions. The closure notice has also been published in a major newspaper to fulfill the regulatory requirement, providing the necessary visibility among concerned parties.

The closure of this branch marks a pivotal adjustment in Chase Securities' operational framework, signaling a consolidation of its business activities into its main office facilities. For further inquiries, stakeholders are directed to contact the company's main office in Karachi.