5 Companies Cannot Trade on PSX

The Pakistan Stock Exchange has extended its suspension of trading in five companies' shares for another 60 days, effective September 21, 2026. This decision comes after the companies failed to remove the issues that led to the initial suspension. The affected companies are Abson Industries Limited, English Leasing Limited, Sadoon Textile Industries Limited, Hakkim Textile Mills Limited, and Suraj Ghee Industries Limited.

According to the PSX, the suspension will continue until the underlying issues are resolved or for another 60-day period. The companies have been found non-compliant with various requirements, including not holding their annual general meetings, submitting annual audited accounts, and paying outstanding dues to the exchange. In addition, Abson Industries Limited failed to induct its ordinary shares into the Central Depository System, leading to the appointment of an official liquidator by the court due to a winding-up petition filed by the company's creditors.

English Leasing Limited is facing a winding-up petition from the Securities and Exchange Commission of Pakistan, along with other outstanding non-compliances. Sadoon Textile Industries Limited also failed to induct its shares into the Central Depository System, and the Securities and Exchange Commission of Pakistan has initiated winding-up proceedings against the company.

Hakkim Textile Mills Limited and Suraj Ghee Industries Limited have also fallen short of inducting their shares into the Central Depository System, and the Securities and Exchange Commission of Pakistan has filed winding-up petitions against both companies.

The decision to extend the trading suspension was made under Subsection (7) of Section 19 of the Securities Act, 2015, and Clause 5.11 of the PSX Regulations.