Share Certificates Reported Lost at Major Pakistani Companies

Karachi: In a recent notification to the Pakistan Stock Exchange, CDC Share Registrar Services Limited has reported the loss of various share certificates belonging to prominent companies including Oil and Gas Development Company Limited, Pakistan State Oil Company Limited, Allied Bank Limited, and Habib Bank Limited.

The lost certificates, along with both verified and unverified transfer deeds, have raised concerns among stakeholders. The notice, aimed at the members of the stock exchange, advises against dealing with these specified certificates. According to information available from the Pakistan Stock Exchange (PSX), there is a seven-day window from the notice during which objections to the issuance of duplicate certificates can be raised. If no objections are received, duplicate share certificates will be issued to the concerned shareholders.

This measure ensures that the rights of shareholders are safeguarded while maintaining the integrity of trading activities within the exchange. The financial entities affected have taken steps to circulate this information broadly to prevent any potential misuse of the lost documents.

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