Karachi: MCB Bank Limited has announced the loss of a series of share certificates, according to a notification by THK Associates, the share registrar for the Pakistan Stock Exchange. The incident was reported on October 4, 2024, highlighting concerns over the handling and security of physical share documents.

The lost share certificates belong to shareholder Kanez Fatima and were reported missing between the distinctive numbers from 144187937 to 144187975 and 171407486 to 171407537. The total quantity of shares lost amounts to 52. The notification did not specify how the shares came to be misplaced or the circumstances under which the loss was discovered.

According to information available from the Pakistan Stock Exchange (PSX), this type of event is significant as it involves the potential risk to shareholders and the integrity of the stock management system. The shares were registered at the Karachi Stock Exchange building, now part of the broader PSX network.

THK Associates has advised all market participants to note the loss and remain vigilant about similar incidents. Measures are likely underway to prevent future occurrences and to secure the holdings of shareholders. The exact impact of the loss on Kanez Fatima's portfolio and on MCB Bank's stock remains unclear, as details about the recovery or compensation process have yet to be released.