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Karachi, Pakistan Stock Exchange informed that trading in the shares of Gulistan Textile Mills Limited shall remain suspended for another period of 60 days from August 23, 2016 or until such time as the cause of suspension have been rectified.
Further, the decision for suspension has been taken in exercise of the powers vested in the exchange under Sub-Section (7) of Section 19 of the Securities Act, 2015 and clause 5.11 of the PSX regulations.
Gulistan Textile Mills Limited engages in the manufacture and sale of yarn in Pakistan and internationally. The company was incorporated in 1966 and is based in Lahore, Pakistan.