AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi: A meeting of the Board of Directors of Pakistan Stock Exchange Limited (PSX) to deliberate and endorse the annual audited financial statements for the fiscal year concluded on June 30, 2024, and to decide on any potential entitlements has been rescheduled from its original date of September 12, 2024, to September 13, 2024. This significant gathering will take place at the registered office of PSX and via video conferencing.
Originally set for September 12, the board meeting’s date change was announced recently, underscoring its importance for the financial oversight and strategic direction of the Exchange. According to information available from the Pakistan Stock Exchange (PSX), this rescheduling ensures thorough preparation and participation of all board members.
Additionally, the ‘closed period’ as per Clause 5.6.4 of the Rule Book of PSX, which started on September 06, 2024, has been extended to end on the new meeting date, September 13, 2024. During this time, Directors, the CEO, and other Executives are prohibited from trading shares of the Exchange directly or indirectly.
The rescheduling of the board meeting and the extension of the closed period are critical to maintaining the integrity and compliance of financial practices within the Exchange. This period is crucial as it prevents any insider trading that could occur based on the unreleased financial statements or decisions taken during the meeting.