Karachi: The Pakistan Stock Exchange Limited (PSX) is scheduled to hold a Board of Directors meeting on Thursday, September 12, 2024, at its registered office and via video conferencing. The primary agenda for this session is to discuss and approve the annual audited financial statements for the fiscal year that ended on June 30, 2024, and to consider any potential entitlements.
According to information available from the Pakistan Stock Exchange (PSX), the board will evaluate the financial outcomes of the past year, making key decisions about the Exchange's financial health and future strategies. This meeting is critical as it aligns with the governance requirements of the Exchange.
In preparation for this important assembly, the Exchange has announced a 'closed period' from September 6, 2024, to September 12, 2024. During this time, directors, the CEO, and executives are prohibited from dealing in the shares of the Exchange. This measure, stipulated under Clause 5.6.4 of the Exchange's Rule Book, aims to prevent insider trading and uphold the integrity of the financial review process.
This closed period ensures that no internal stakeholder with potentially privileged information can influence the stock's market value ahead of the public release of the financial statements.