Karachi: MCB Bank Limited has reported the loss of several share certificates and is set to issue duplicates if no objections are received within a week. This move follows the bank's notification to the Pakistan Stock Exchange, aiming to ensure transparency and maintain the integrity of trading activities.
The lost certificates include shares against Folio Nos. 109146 and 109288, held by shareholder Shahid Ali of Rawalpindi. Specific details reveal that certificates numbered from 1762660 to 1968600 with distinctive numbers ranging from 557704678 to 1021068109 are affected. These shares span across several quotas, with a total of 103 shares reported lost. According to information available from the Pakistan Stock Exchange (PSX), MCB Bank has taken the necessary steps to inform the exchange members, advising them to refrain from dealing in these certificates pending the clearance period.
The bank has mandated a seven-day period for any claims or objections to be filed regarding these certificates. If no objections are filed, MCB Bank will proceed with issuing duplicate certificates to safeguard the shareholder's interests and ensure the continuity of their investment rights.