The Karachi Stock Exchange (Guarantee) Limited’s suspension of trading in the shares of S. S. Oil Mills Limited and Sakrand Sugar Mills Limited

Karachi: Whereas trading in the shares of S. S. Oil Mills Limited and Sakrand Sugar Mills Limited is carried out in the physical form;

And Whereas the fake / forged shares of the companies are circulating in the market and as a result thereof number of claims are outstanding / unsettled.

In view of the above and in exercise of the powers vested in the Exchange under Sub-Section (7) of Section 9 of the Securities and Exchange ordinance, 1969 and Listing Regulation No. 5(2)(iii), the Governing Board of Directors of the Exchange in its meeting held on December 27, 2011 reviewed the matter and decided that trading in the shares of the Companies shall remain suspended for a period of 60 days w.e.f. Friday, December 30, 2011 or until such time the substantial number at shares certificates / transfer deeds of the companies are re-verified and made good for delivery for settlement.

For more information, contact:
Karachi Stock Exchange
Tel: (92-21) 111-001122
Fax: (92-21) 3241 0825, (92-21) 3241 5136
Email: info@kse.com.pk
Web: www.kse.com.pk

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