PSX places ARUJ, STPL, SSML in defaulter’s segment

By MG News | December 05, 2024 at 10:20 AM GMT+05:00

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December 05, 2024 (MLN): ARUJ Industries Limited (ARUJ), Siddiqsons Tin Plate Limited (STPL), and Saritow Spinning Mills Limited (SSML) have been placed in the Defaulter’s segment of the Pakistan Stock Exchange (PSX), effective Thursday, December 05, 2024, according to the notification issued by the local bourse.

Following this development and in line with the NCCPL Regulations, 2015 under Clauses 7A.3.4, 7B.3.1.4 and 7E.2.1.1, these securities will be removed from the lists of SLB Eligible Securities, MF Eligible Securities, and MSF Eligible Securities starting on the same date.

If security is reinstated during the review period, trading in SLB and MF Markets will remain restricted until the review concludes.

Similarly, MSF eligibility is restored only after the security is removed from the defaulter’s segment by the Exchange.

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