Karachi: The Pakistan Stock Exchange (PSX) has announced an extension of the suspension of trading in the shares of three companies that have yet to address the reasons behind their initial suspension. This decision was made public on September 9, 2025, following an earlier notice issued on July 11, 2025.

The affected companies are M/s. Al-Abid Silk Mills Limited, M/s. Dewan Salman Fibre Limited, and M/s. Fatima Enterprise Limited. According to information available from the Pakistan Stock Exchange (PSX), these companies have not rectified the issues that led to their trading suspension, resulting in the PSX’s decision to extend the ban for an additional 60 days starting September 11, 2025.

M/s. Al-Abid Silk Mills Limited and M/s. Dewan Salman Fibre Limited face suspension due to the cessation of commercial production and business operations in their principal lines of business. Both companies also received adverse opinions from their auditors, and have winding-up petitions filed against them by creditors in court. The Securities and Exchange Commission of Pakistan (SECP) has also ordered these companies to file winding-up petitions.

M/s. Fatima Enterprise Limited is suspended for failing to hold its Annual General Meetings, not submitting its annual audited accounts, and non-payment of dues to the exchange. These defaults are specified under the PSX Regulations.

The PSX’s decision to extend the suspension is based on the provisions of 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 will remain unchanged until the issues are resolved.