Karachi: The Pakistan Stock Exchange has extended the suspension of trading in the shares of Mubarak Textile Mills Limited, effective from July 22, 2026, due to ongoing regulatory non-compliance issues.

The extension follows previous notices, including PSX Notice No.PSX/N-643 dated May 22, 2026. Mubarak Textile Mills Limited has yet to address several significant regulatory breaches, including the cessation of commercial production and business operations in its principal line of business, as well as an adverse opinion by statutory auditors on its financial statements. Furthermore, the Securities and Exchange Commission of Pakistan (SECP) has filed a winding-up petition against the company.

According to information available from the Pakistan Stock Exchange (PSX), the decision to maintain the suspension is in accordance with the powers granted under Sub-Section (7) of Section 19 of the Securities Act, 2015, and clause 5.11 of the PSX Regulations. This measure is intended to remain in effect until the company rectifies the causes of suspension, or for an additional period of 60 days.

The financial and operational setbacks faced by Mubarak Textile Mills Limited highlight the stringent regulatory framework within the designated market category, impacting investor confidence and market stability.