Karachi: The Pakistan Stock Exchange (PSX) announced on July 25, 2025, the continued suspension of trading in the shares of six companies due to ongoing regulatory non-compliance. This decision follows PSX Notice No.PSX/N-553 dated May 27, 2025, highlighting the companies' failure to address the causes of their trading suspension.

The companies impacted by this action include Abson Industries Ltd., Prudential Stocks Fund Ltd., English Leasing Ltd., Sadoon Textile Industries Ltd., Hakkim Textile Mills Ltd., and Suraj Ghee Industries Ltd. These companies have not held their Annual General Meetings, failed to submit annual audited accounts, defaulted on dues to the Exchange, and have not inducted their ordinary shares into the Central Depository System (CDS).

Several of these companies face legal challenges, with official liquidators appointed and winding-up petitions filed by either the Security and Exchange Commission of Pakistan (SECP) or creditors. Specifically, Abson Industries Ltd. is under court-ordered liquidation, while Prudential Stocks Fund Ltd., English Leasing Ltd., Hakkim Textile Mills Ltd., and Suraj Ghee Industries Ltd. have winding-up petitions filed in court. Sadoon Textile Industries Ltd. is subjected to winding-up proceedings initiated by SECP.

According to information available from the Pakistan Stock Exchange (PSX), the suspensions will remain in effect until the companies rectify the compliance issues or for an additional 60 days starting from July 28, 2025. The decision was made pursuant to the powers vested in the Exchange under Sub-Section (7) of Section 19 of the Securities Act, 2015, and clause 5.11 of the PSX Regulations.

The designated market category for these companies spans various sectors, highlighting the importance of regulatory compliance across diverse industries to maintain market integrity and investor confidence.