Karachi: United Bank Limited (UBL) has announced a loss of share certificates associated with Folio No. 22412, as reported on October 10, 2023. The announcement, crucial for stakeholders and investors, was circulated to members of the exchange, urging them to refrain from dealing with the specified certificates.

According to the details provided by UBL, the loss involves two sets of certificates. The first certificate, numbered 22412, covers distinctive numbers from 522477201 to 522477400, accounting for a total of 200 shares. The second certificate, numbered 92422, encompasses distinctive numbers from 642981766 to 642987215, representing 50 shares. The individual notified of this loss is Ghazanfar Alt Zardari, residing at R-225, Street 23, Block-3, Makhdom Bilawal Cooperative Housing Society, Korangi, Karachi.

The information has been disseminated with a cautionary note to the members of the exchange, advising against any transactions involving these lost certificates. The exchange has set a seven-day window from the date of notice for any objections to be raised. Should no objections be received within this period, UBL will proceed with issuing duplicate certificates to the concerned party.

According to information available from the Pakistan Stock Exchange (PSX), this announcement falls under the designated market category, ensuring transparency and adherence to regulatory norms. The PSX plays a pivotal role in maintaining the integrity and efficiency of market transactions, thereby safeguarding the interests of investors and stakeholders alike.

The incident highlights the importance of prompt and vigilant communication in the financial sector, ensuring that all transactions remain secure and compliant with prevailing regulations.