Karachi: The Pakistan Stock Exchange (PSX) has extended the suspension of trading in the shares of three companies due to regulatory defaults, as per the recent report dated August 28, 2026. The affected companies are M/s. Gulistan Textile Mills Limited, M/s. Progressive Insurance Company Limited, and M/s. Silver Star Insurance Company Limited.

According to information available from the Pakistan Stock Exchange (PSX), these companies have not addressed the causes leading to the suspension of their share trading. The reasons cited include suspended business operations, non-payment of dues, failure to hold mandatory annual general meetings, and failure to submit annual audited financial statements. Additionally, winding-up petitions have been filed against Gulistan Textile Mills and Progressive Insurance by creditors and the Securities and Exchange Commission of Pakistan (SECP), respectively.

Under the powers granted by the Securities Act of 2015 and the PSX Regulations, the Exchange has decided to maintain the suspension until the companies rectify the cited issues or for an additional period of 60 days starting from August 31, 2026. This decision impacts the designated market category for these firms, as investors face continued uncertainty regarding the status of their shares.

The ongoing suspension reflects the stringent regulatory framework enforced by the PSX to maintain transparency and compliance within the market. Stakeholders are advised to note the developments for record purposes as the situation evolves.