Karachi: Alfalah Securities (Private) Limited, a Trading Right Entitlement (TRE) Certificate Holder of the Pakistan Stock Exchange (PSX), has announced the closure of its branch office in Multan. The news came through a letter dated October 14, 2024, addressed to Mr. Junaid Abu Bakar, Senior Manager – Trading and TREC Affairs at the PSX.

The letter stated that this decision follows a prior notification issued on August 21, 2024, detailing the subject matter. The company has taken steps to ensure all regulatory requirements and notifications are met, with evidences of notice publication made available in English and Urdu newspapers, intended for review and record-keeping.

According to information available from the Pakistan Stock Exchange (PSX), this closure is part of the administrative and operational adjustments within Alfalah Securities. This move might affect TRE Certificate Holders and others concerned directly with the operations of the Multan branch.

Further details about the reasons for the closure or its impact on Alfalah Securities’ overall business strategy were not disclosed in the communication. The closure is currently processed under the regulations and bylaws governing TRE Certificate Holders of the PSX.