Karachi: In a series of notices from the Pakistan Stock Exchange, shareholders of Bank Alfalah Limited and Gatron Industries Limited have reported the loss of share certificates, triggering a standard securities procedure to prevent unauthorized trading.
Multiple shareholders of Bank Alfalah Limited have reported a cumulative loss of 2,429 shares across three separate notifications. Sh. Nasir Javaid, a shareholder, reported losing 299 shares, with certificate numbers ranging from 0136086. Similarly, All Imran Sheikh noted the loss of 631 shares, spanning several certificates including numbers from 0122808 to 0135288. Another significant report came from the family of the deceased shareholder, Mr. Tariq Mehmood, who reported a loss of 1,499 shares with certificate numbers starting from 0005186 to 0075809.
Additionally, Mrs. Afshan Naveed of Gatron Industries Limited reported losing 1,000 shares, with certificate numbers from 0266732 to 0359813. This notice marks a substantial report concerning Gatron Industries within this month.
According to information available from the Pakistan Stock Exchange (PSX), these notifications have prompted the PSX to advise its members not to engage in transactions involving these shares. The exchange has given a seven-day period for any objections to be raised before issuing duplicate certificates to the affected shareholders.
This procedural response ensures that the integrity of the trading system remains intact while aiding shareholders in recovering their lost assets. The PSX continues to monitor and manage these incidents to prevent any potential market disruption.