Karachi: MGM Securities Pvt. Ltd., a prominent holder of a Trading Right Entitlement Certificate (TREC) with the Pakistan Stock Exchange, has announced the permanent closure of its branch office located at Karachi. The shutdown is slated for November 18, 2024.

This closure follows a notice from MGM Securities dated October 11, 2024, indicating compliance with PSX Regulation #22.9(a)(vi), which requires public notification of such significant changes. According to information available from the Pakistan Stock Exchange (PSX), the decision to shut down the branch was communicated earlier to all concerned parties, including TREC certificate holders and the regulatory bodies.

The company had previously issued notifications through prominent newspapers—The Nation in English and Daily Report in Urdu—detailing the branch's closure plans and affirming its commitment to continue serving its clientele from its principal office in Lahore. The head office located at LSE Plaza, Ground Floor, 19-Khayban-e-Aiwan-e-Iqbal, will handle all ongoing operations and client services.

Clients of MGM Securities are advised to direct any inquiries to the company's head office in Lahore, where the full spectrum of services will remain available.