In a notice informing Certificate Holders and brokers in the PSX, National Clearing Company of Pakistan (NCCPL) announced suspension of its services to Dawood Equities Limited (DEL).
The notice stated, “All TRE Certificate Holders / Brokers of the Pakistan Stock Exchange Limited are hereby informed that NCCPL has suspended access to its services for M/s. Dawood Equities Limited [DEL] vide NCCPL notice no. NCCPL/CRO/187/17 dated June 5, 2017 due to their failure to discharge their money obligation within 30 minutes from receipt of the NCCPL notice no. NCCPL/FIN/17 dated June 5, 2017. The copy of notice is attached. Consequently and as required under Clause 3.12.1 of Chapter 03 of PSX Regulations, the Exchange has suspended all trading terminals of DEL with immediate effect.”