PSX Extends Trading Suspension of Five Companies by Another 60 Days
The Pakistan Stock Exchange (PSX) has extended the trading suspension of shares in five listed companies for an additional 60 days, effective July 23, 2026, after the firms failed to resolve regulatory and compliance issues that led to their earlier suspension.
The decision affects Abson Industries Ltd, English Leasing Ltd, Sadoon Textile Industries Ltd, Hakkim Textile Mills Ltd, and Suraj Ghee Industries Ltd, all of which remain non-compliant with key listing requirements.
PSX Extends Suspension Over Continued Non-Compliance
According to the latest PSX notice, the five companies have not addressed the deficiencies highlighted in May 2026, prompting the exchange to continue the suspension of trading in their shares.
The action has been taken under Section 19(7) of the Securities Act, 2015, along with Clause 5.11 of the PSX Regulations.
Trading will remain suspended until the companies fully comply with the applicable regulatory requirements or until the new 60-day extension expires.
Companies Failed to Meet Regulatory Obligations
The suspended companies continue to face multiple compliance failures, including:
- Failure to hold Annual General Meetings (AGMs).
- Non-submission of audited annual financial statements.
- Outstanding dues payable to the Pakistan Stock Exchange.
- Ongoing winding-up proceedings initiated by the Securities and Exchange Commission of Pakistan (SECP) or creditors.
In the case of Abson Industries Ltd, the company also remains non-compliant due to the non-induction of its shares into the Central Depository System (CDS), while an official liquidator has already been appointed by the court.
Five Companies Remain Under Suspension
The companies affected by the extended suspension are:
- Abson Industries Ltd
- English Leasing Ltd
- Sadoon Textile Industries Ltd
- Hakkim Textile Mills Ltd
- Suraj Ghee Industries Ltd
Several of these companies are also facing formal winding-up petitions filed by the SECP or other creditors, further complicating their regulatory status.
Follow-Up to Earlier PSX Action
The latest decision follows PSX Notice No. PSX/N-644, issued on May 22, 2026, under which the same companies were initially suspended for similar compliance failures.
Since then, none of the firms has fulfilled the required obligations, leading the exchange to extend the trading restriction for another two months.
The latest notification has also been shared with the Securities and Exchange Commission of Pakistan (SECP), Central Depository Company (CDC), National Clearing Company of Pakistan Limited (NCCPL), and the companies concerned.
What It Means for Investors
The continued suspension means shareholders of the affected companies remain unable to buy or sell their shares through the Pakistan Stock Exchange.
The action also reflects the PSX’s continued emphasis on enforcing corporate governance standards, financial reporting requirements, and investor protection.
Further Regulatory Action Possible
If the companies fail to rectify the outstanding compliance issues during the extended suspension period, they could face additional regulatory measures, including the possibility of delisting from the Pakistan Stock Exchange.
Investors and market participants will closely monitor whether the companies take corrective action before the new 60-day deadline expires.