PSX Halts Trading Activity of 3 Brokers for Missing Key Deadline

The Pakistan Stock Exchange (PSX) has restricted the trading facility of three brokers for failing to submit their annual audited financial statements. The following Securities Brokers have failed to submit their annual audited financial statements for the year ended June 30, 2024, despite a lapse of seven days’ notice period: PSX argued that as per Rule 20.15. “In case of non compliance with regulation 4.26 of the Regulations, the CRO shall issue a notice of seven (7) days to the Securities Broker for ensuring compliance. Upon failure to comply, the CRO shall immediately restrict the trading facility of such Securities Broker……”. Consequently, in compliance with the aforementioned regulation, the trading facility of the aforementioned brokers has been restricted with immediate effect until further notice, the main bourse added.