Karachi: An Arbitration Award issued by the Sub-Panel of Arbitrators of the Pakistan Stock Exchange (PSX) against Zafar Moti Capital Securities (Private) Limited has led to the suspension of the firm's Trading Rights Entitlement (TRE) Certificate. The decision arises from the firm's failure to comply with the terms set out in the Arbitration Award within the specified period of fifteen days from its announcement.

The PSX had provided Zafar Moti Securities with the necessary notifications for compliance, as outlined in Clause 20.1 and Clause 20.2 of the PSX Regulations. However, the firm's non-compliance with the outstanding Arbitration Award resulted in the suspension of its TRE Certificate, as stipulated in the pertinent clauses of the PSX Regulations.

The public dissemination of this disciplinary action aligns with the requirements detailed in Clause 3.7 of the PSX Regulations. According to information available from the Pakistan Stock Exchange (PSX), the suspension underscores the importance of adherence to arbitration decisions within the designated market category.

This announcement, made on July 1, 2025, serves as a formal notification to all market participants and concerned parties about the status of Zafar Moti Securities regarding their trading rights on the Pakistan Stock Exchange.