Multiple Companies Report Loss of Share Certificates to Pakistan Stock Exchange

Karachi: Several prominent companies listed on the Pakistan Stock Exchange (PSX) have reported the loss of share certificates, as notified on October 15, 2024, by CDC Share Registrar Services Limited. The affected entities include Haseeb Waqas Sugar Mills Limited, Dollmen City REIT Limited, Allied Bank Limited, Pakistan National Shipping Corporation, GlaxoSmithKline Pakistan Limited, and Habib Bank Limited.

These companies have reported a variety of share certificates as lost or misplaced, prompting an immediate notice to the stock exchange. This notice serves as a caution to all members of the exchange, advising them not to engage in transactions involving the specified certificates for a period of seven days.

According to information available from the Pakistan Stock Exchange (PSX), this period allows the companies time to address any potential claims or objections related to the lost certificates before issuing duplicates. This preventive measure is crucial to ensure the integrity of market transactions and safeguard shareholder interests.

The loss of share certificates represents a significant administrative challenge for companies and necessitates rigorous tracking and management to prevent potential fraud or misplacement. The quick response by the PSX and the respective companies highlights the importance of maintaining strict control mechanisms to manage and secure share holdings effectively.

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