Askari Bank Reports Loss of Over 2,000 Shares Held by Shareholder

Karachi: Askari Bank Limited has reported a significant loss of share certificates belonging to shareholder Mrs. Samra Tallat. The bank notified the Pakistan Stock Exchange (PSX) that three certificates representing a total of 2,065 shares were misplaced, prompting a regulatory alert to safeguard trading activities.

The certificates reported lost include numbers from 807841 to 807843 with distinctive numbers ranging from 304065084 to 644545892. The largest single certificate loss was for 812 shares, while another certificate covered 783 shares, and a third accounted for 470 shares.

According to information available from the Pakistan Stock Exchange (PSX), the bank has initiated a stringent three-day objection period during which other market participants are instructed not to deal in these shares. This critical step is aimed at preventing unauthorized transactions and ensuring that the rights of the shareholder are not compromised.

Should no objections be received within this brief period, Askari Bank will proceed with issuing duplicate certificates to Mrs. Tallat to rectify the loss. This incident underscores the need for shareholders to maintain vigilant records of their share certificates and for companies to respond swiftly to such losses to maintain integrity and trust in the financial markets.

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