5 Companies Cannot Trade on PSX

As they have not removed the matters that led to the suspension, the Pakistan Stock Exchange has extended the suspension of trading in the shares of five firms for another 60 days from September 21, 2026.

Key points

• The firms are Abson Industries Limited, English Leasing Limited, Sadoon Textile Industries Limited, Hakkim Textile Mills Limited and Suraj Ghee Industries Limited.
• The PSX remarked the decision was taken under Subsection (7) of Section 19 of the Securities Act, 2015 and Clause 5.11 of the PSX Regulations.
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• English Leasing faces a winding up petition filed by the Securities and Exchange Commission of Pakistan, along with its other outstanding non compliances.
• Abson Industries additionally failed to induct its ordinary shares into the Central Depository System.

Meanwhile, the firms are Abson Industries Limited, English Leasing Limited, Sadoon Textile Industries Limited, Hakkim Textile Mills Limited and Suraj Ghee Industries Limited. PSX remarked trading will remain suspended until the causes of suspension are rectified or for another 60-day-period effective September 21.

According to the PSX notice, all five firms failed to hold their annual general meetings, submit annual audited accounts and pay outstanding dues to the exchange. European Union Gives Pakistan €65 Million.

Abson Industries additionally failed to induct its ordinary shares into the Central Depository System. An official liquidator has been appointed by the court after a winding up petition filed by the company's creditors.

While the SECP has issued an order to initiate winding up proceedings against the business, sadoon Textile Industries additionally failed to induct its ordinary shares into the CDS. While the SECP has filed a winding up petition against it, hakkim Textile Mills similarly failed to induct its shares into the CDS.

Suraj Ghee Industries additionally failed to induct its ordinary shares into the CDS and faces winding up petitions filed by both the SECP and the company's creditors.

For context, the PSX remarked the decision was taken under Subsection (7) of Section 19 of the Securities Act, 2015 and Clause 5.11 of the PSX Regulations. Stay Connected with ProPakistani.

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Taken together, the developments around 5 Companies Cannot Trade on PSX point to a situation that is still moving, and the coming days should bring more clarity.