Karachi: The Pakistan Stock Exchange has announced the continued suspension of trading in the shares of five companies due to unresolved compliance issues. This decision, detailed in a report dated September 18, 2026, follows a prior notice issued on July 22, 2026, and will extend for an additional 60 days starting September 21, 2026.

The companies affected by this suspension include Abson Industries Ltd., English Leasing Ltd., Sadoon Textile Industries Ltd., Hakkim Textile Mills Ltd., and Suraj Ghee Industries Ltd. Each of these companies has failed to meet multiple regulatory requirements as stipulated by PSX Regulations clause 5.11, resulting in the continuation of the suspension.

Abson Industries Ltd. faces multiple compliance failures, including the failure to hold Annual General Meetings, the non-submission of annual audited accounts, non-payment of dues to the Exchange, and the non-induction of its ordinary shares into the Central Depository System (CDS). Additionally, a court has appointed an official liquidator following a winding-up petition by creditors.

English Leasing Ltd. shares similar compliance issues, with the Securities and Exchange Commission of Pakistan (SECP) filing a winding-up petition against it. Sadoon Textile Industries Ltd. has also been issued an order by SECP for initiating winding-up proceedings due to similar failures.

Hakkim Textile Mills Ltd. has not adhered to compliance requirements including the holding of Annual General Meetings and submission of audited accounts, with SECP having filed a winding-up petition. Suraj Ghee Industries Ltd. is also under suspension for failing to comply with multiple regulations, and both SECP and the company's creditors have filed winding-up petitions.

According to information available from the Pakistan Stock Exchange (PSX), the decision to maintain the suspension is in exercise of the powers vested under Sub-Section (7) of Section 19 of the Securities Act, 2015. The suspension will remain in place until the companies rectify these issues or until the additional 60-day period concludes.

This development is significant for stakeholders and investors involved with these companies and highlights the regulatory measures enforced by the Pakistan Stock Exchange to ensure compliance and financial transparency within the market.