Karachi: The Pakistan Stock Exchange (PSX) has announced the suspension of trading in the shares of eight companies, citing non-compliance with regulatory requirements as the primary reason. The suspension will remain in effect from January 30, 2026, or until the companies resolve the issues leading to the suspension.
According to information available from the Pakistan Stock Exchange (PSX), the affected companies include M/s. Regal Ceramics Limited, M/s. Azmat Textile Mills Limited, M/s. Kaiser Arts & Krafts Limited, M/s. Pakistan Industrial & Commercial Leasing Ltd., M/s. Dadabhoy Sack Limited, M/s. Nina Industries Limited, M/s. Investec Mutual Fund Limited, and Salman Noman Enterprises Ltd. The PSX highlighted several significant regulatory defaults, including the failure to hold Annual General Meetings, non-submission of annual audited accounts, non-payment of dues, and non-induction of ordinary shares into the Central Depository System (CDS).
Notably, M/s. Regal Ceramics Limited and M/s. Investec Mutual Fund Limited are facing winding-up petitions filed by the Securities and Exchange Commission of Pakistan (SECP). Moreover, M/s. Salman Noman Enterprises Ltd. has been cited for suspending commercial production in its principal line of business for a continuous period of one year, with its statutory auditor issuing a disclaimer of opinion on its audit report.
The suspension decision has been executed under Sub-Section (7) of Section 19 of the Securities Act, 2015, and clause 5.11 of the PSX Regulations. This move by the PSX underscores the importance of regulatory compliance for companies listed on the exchange.
The PSX has confirmed that trading will only resume once the companies have addressed the reasons for suspension, or after a 60-day period starting from January 30, 2026. The exchange has advised stakeholders to note the suspension for record purposes.