Pakistan Stock Exchange to Review Quarterly Financial Statements in Upcoming Board Meeting

Karachi: The Pakistan Stock Exchange (PSX) has scheduled a board meeting for October 23, 2024, to review and approve the first quarterly financial statements for the fiscal year, among other agenda items. The meeting, announced in a notice dated October 16, 2024, will be held via video-conferencing from the Exchange’s registered office.

The board will deliberate on financial reports covering the quarter ending September 30, 2024, as well as other pertinent corporate matters requiring executive decision-making. According to information available from the Pakistan Stock Exchange (PSX), the Exchange has also declared a ‘closed period’ from October 17, 2024, until the meeting’s date. During this time, directors, the CEO, and other executives are prohibited from trading in the Exchange’s shares to prevent any conflict of interest or insider trading that could arise from the unreleased financial data.

This governance practice underscores the Exchange’s commitment to transparency and compliance with financial regulations, ensuring that all trading on insider knowledge is strictly controlled and that information is released to all investors simultaneously.

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