PSX halts trading for three brokers over missing audits

November 11, 2024 (MLN): The Pakistan Stock Exchange (PSX) has immediately restricted the trading facilities of three brokers until further notice.

The local bourse cited the brokers' failure to submit their annual audited financial statements for the year ended June 30, 2024, despite the lapse of a seven-day notice period, as the reason for this action.

The affected brokers are:

1. Fairway Securities (Pvt.) Limited
2. MSD Capital Equities (Pvt.) Limited
3. Margalla Financial (Pvt.) Limited

20.15. “In case of non-compliance with regulation 4.26 of the Regulations, the CRO shall issue a notice of seven (7) days to the Securities Broker for ensuring compliance. Upon failure to comply, the CRO shall immediately restrict the trading facility of such Securities Broker……”

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