Karachi: The Pakistan Stock Exchange (PSX) has announced the continued suspension of trading in the shares of six companies due to non-compliance with PSX regulations. This suspension, announced on March 30, 2025, is set for a duration of 60 days or until the companies rectify the causes of their trading suspension.

The affected companies include Abson Industries Ltd., Prudential Stocks Fund Ltd., English Leasing Ltd., Sadoon Textile Industries Ltd., Hakkim Textile Mills Ltd., and Suraj Ghee Industries Ltd. Each of these companies has failed to hold their Annual General Meetings and submit their annual audited accounts. They have also not paid dues to the Exchange and have not inducted ordinary shares into the Central Depository System (CDS).

Abson Industries Ltd. is facing suspension due to a winding-up petition filed by creditors, resulting in the appointment of an official liquidator by the court. Prudential Stocks Fund Ltd. and English Leasing Ltd. have winding-up petitions filed against them by the Securities and Exchange Commission of Pakistan (SECP). Sadoon Textile Industries Ltd. is subject to an order issued by SECP for initiating winding-up proceedings. Hakkim Textile Mills Ltd. also has a winding-up petition filed by SECP, while Suraj Ghee Industries Ltd. faces winding-up petitions from both SECP and its creditors.

According to information available from the Pakistan Stock Exchange (PSX), the decision to continue the suspension is based on 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 this decision remains within the PSX's regulatory framework.

The companies are required to address the non-compliance issues to resume trading. The PSX's decision underscores the importance of adherence to regulatory requirements to ensure market stability and investor protection.