Suspension of trading in the shares of Silver Star Insurance Company Limited

Karachi, Pakistan Stock Exchange informed that trading in the shares of Silver Star Insurance Company Limited shall remain suspended for another period of 60 days from August 26, 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.

Silver Star Insurance Company Limited was incorporated in Pakistan in May 3, 1984 as a public limited company. The commencement certificate of the company was issued in September 2, 1984. The foundations of the company are formed under the Companies Act, 1913 now the Companies Ordinance, 1984. The operations of the business are related to general insurance. The registered office of the company is located in Lahore.

The products of the company includes fire insurance, property insurance, motor insurance, miscellaneous insurance, marine insurance and agriculture insurance.

The symbol “SSIC” is being used by the stock exchanges for the shares of Silver Star Insurance Company Limited.