Karachi: The Pakistan International Container Terminal Limited (PICT) has announced the loss of several share certificates totaling 720 shares, as reported to the Pakistan Stock Exchange (PSX). These shares belonged to the deceased shareholder, Zamir Ahmed Siddiqui, and were reported lost or misplaced under various folios and certificate numbers.

The most significant loss involved a certificate for 500 shares under folio number 112118 and certificate number 5139301. Other certificates reported lost include 100 shares each under certificate numbers 50996 and 52377, along with 20 shares under certificate number 52378, covering distinctive number ranges specified in the notification to PSX.

According to information available from the Pakistan Stock Exchange (PSX), PICT has issued a cautionary notice to its members advising them not to deal in these shares for a period of seven days, allowing time for any potential objections or claims to be raised. This preventive measure helps safeguard the interests of the shareholders and the integrity of market transactions.

If no objections are received within this period, PICT will proceed to issue duplicate certificates to the legal heirs or representatives of Mr. Siddiqui, ensuring that his estate's holdings are accurately maintained and managed. This step is crucial in maintaining the confidence of investors and the orderly management of shares within the company's registry.