Karachi, The Pakistan Stock Exchange (PSX) has extended the suspension of trading in the shares of M/s. Fatima Enterprises Limited, following up on the earlier PSX Notice No.PSX/N-1178 dated November 20, 2023. This decision is due to the company's ongoing non-compliance with PSX Regulations.

Fatima Enterprises Limited has not addressed the reasons for the initial suspension of its shares. The company has failed to adhere to Clause 5.11.1.(c)(d)(e) of the PSX Regulations, which include failing to hold Annual General Meetings, not submitting Annual Audited Financial Statements, and non-payment of dues to the Exchange.

Given these unresolved issues, the PSX has decided to continue the suspension of trading in the company's shares. This suspension will remain in effect until the company rectifies the causes of suspension or for an additional period of 60 days, effective from January 20, 2024.

This decision to maintain the suspension was enacted under the powers vested in the Exchange by Sub-Section (7) of Section 19 of the Securities Act, 2015, and Clause 5.11 of the PSX Regulations. The Exchange exercises these powers to ensure regulatory compliance and to uphold the integrity of the trading environment.