| KARACHI STOCK EXCHANGE LIMITED | |||
| List of Companies in which Trading is Suspended along with Reasons for Suspension | |||
| S. No. | Name of Suspended Company / Security | Effective Date of Suspension | Reasons for Suspension |
| 1 | Dost Steels Limited | January 30, 2015 | Official Liquidator has been appointed by the Hon’ble High Court of Sindh and failed to fulfill the requirements of clause 5.11.1.(a) of KSE Regulations i.e. failed to commence commercial production within three years from the date of formal listing. |
| 2 | Bank AL Habib Limited (TFC2) | January 23, 2015 | Final Redemption |
| 3 | National Saving Bonds(5 years Maturity) | January 20, 2015 | Final Redemption |
| 4 | (Colony) Thal Textile Mills Limited | December 08, 2014 | Non-Holding of Annual General Meetings for two or more years as required under clause 5.11.1.(b) of KSE Regulations and failed to fulfill the requirements of clause 5.11.1.(e) of KSE Regulations i.e. payment of outstanding Annual Listing Fee. |
| 5 | Dawood Capital Management Limited | December 08, 2014 | Non-Holding of Annual General Meetings for two or more years as required under clause 5.11.1.(b) of KSE Regulations. |
| 6 | Dewan Automotive Engineering Limited | December 08, 2014 | Non-Holding of Annual General Meetings for two or more years as required under clause 5.11.1.(b) of KSE Regulations and failed to fulfill the requirements of clause 5.11.1.(e) of KSE Regulations i.e. payment of outstanding Annual Listing Fee. |
| 7 | Engro Fertilizers Limited (TFC-2) | November 14, 2014 | Final Redemption |
| 8 | Moonlite (Pakistan) Limited | March 17, 2014 | Has gone into Voluntary Winding-up |
| 9 | Gulistan Textile Mills Limited | January 6, 2014 | Official Liquidator has been appointed by the Hon’ble High Court of Sindh and failed to fulfill the requirements of clause 5.11.1.(e) of KSE Regulations i.e. payment of outstanding Annual Listing Fee of the Exchange. |
| 10 | Metropolitan Steel Corporation Limited | December 9, 2013 | Non-Holding of Annual General Meetings for two or more years as required under clause 5.11.1.(b) of KSE Regulations and failed to fulfill the requirements of clause 5.11.1.(e) of KSE Regulations i.e. payment of outstanding Annual Listing Fee. |
| 11 | Transmission Engineering Industries Limited | December 9, 2013 | Non-Holding of Annual General Meetings for two or more years as required under clause 5.11.1.(b) of KSE Regulations. |
| 12 | Husein Industries Limited | December 9, 2013 | Non-Holding of Annual General Meeting |
| 13 | S. G. Fibre Limited | April 11, 2013 | Failed to fulfill the requirements of clause 5.11.1.(e) of KSE Regulations i.e. payment of outstanding Annual Listing Fee |
| 14 | Pak Leather Crafts Limited | April 11, 2013 | Failed to fulfill the requirements of clause 5.11.1.(e) of KSE Regulations i.e. payment of outstanding Annual Listing Fee |
| 15 | First Dawood Mutual Fund | March 26, 2013 | Directive received from SECP. |
| 16 | Fateh Textile Mills Limited | March 7, 2013 | Winding-up proceedings have been initialed. |
| 17 | (Colony) Sarhad Textile Mills Limited | August 1, 2012 | Failed to fulfill the requirements of clause 5.11.1.(g) of KSE Regulations i.e. induction of Ordinary Shares into CDC. |
| 18 | Annoor Textile Mills Limited | August 1, 2012 | Failed to fulfill the requirements of clause 5.11.1.(e) of KSE Regulations i.e. payment of outstanding Annual Listing Fee and clause 5.11.1.(g) i.e. induction of Ordinary Shares into CDC. |
| 19 | Bela Automotives Limited | August 1, 2012 | Failed to fulfill the requirements of clause 5.11.1.(e) of KSE Regulations i.e. payment of outstanding Annual Listing Fee and failed to fulfill the requirements of clause 5.11.1.(g) of KSE Regulations i.e. induction of Ordinary Shares into CDC. |
| 20 | Dadabhoy Construction Technology Limited | August 1, 2012 | Failed to fulfill the requirements of clause 5.11.1.(e) i.e. payment of outstanding Annual Listing Fee and clause 5.11.1.(g) of KSE Regulations i.e. induction of Ordinary Shares into CDC. |
| 21 | Hamid Textile Mills Limited | August 1, 2012 | Failed to fulfill the requirements of clause 5.11.1.(e) of KSE Regulations i.e. payment of outstanding Annual Listing Fee and clause 5.11.1.(g) of KSE Regulations i.e. induction of Ordinary Shares into CDC. |
| 22 | Khurshid Spinning Mills Limited | August 1, 2012 | Failed to fulfill the requirements of clause 5.11.1.(g) of KSE Regulations i.e. induction of Ordinary Shares into CDC. |
| 23 | Mehr Dastgir Textile Mills Limited | August 1, 2012 | Failed to fulfill the requirements of clause 5.11.1.(e) of KSE Regulations i.e. payment of outstanding Annual Listing Fee and clause 5.11.1.(g) of KSE Regulations i.e. induction of Ordinary Shares into CDC. |
| 24 | Morafco Industries Limited | August 1, 2012 | Failed to fulfill the requirements of clause 5.11.1.(g) of KSE Regulations i.e. induction of Ordinary Shares into CDC. |
| 25 | Saleem Denim Industries Limited | August 1, 2012 | Failed to fulfill the requirements of clause 5.11.1.(e) of KSE Regulations i.e. payment of outstanding Annual Listing Fee and clause 5.11.1.(g) of KSE Regulations i.e. induction of Ordinary Shares into CDC. |
| 26 | Service Fabrics Limited | August 1, 2012 | Failed to fulfill the requirements of clause 5.11.1.(e) of KSE Regulations i.e. payment of outstanding Annual Listing Fee and clause 5.11.1.(g) of KSE Regulations i.e. induction of Ordinary Shares into CDC. |
| 27 | Taj Textile Mills Limited | August 1, 2012 | Failed to fulfill the requirements of clause 5.11.1.(e) of KSE Regulations i.e. payment of outstanding Annual Listing Fee and clause 5.11.1.(g) of KSE Regulations i.e. induction of Ordinary Shares into CDC. |
| 28 | Globe Textile Mills Limited | August 1, 2012 | Failed to fulfill the requirements of clause 5.11.1.(e) of KSE Regulations i.e. payment of outstanding Annual Listing Fee of the Exchange and failed to fulfill the requirements of clause 5.11.1.(g) of KSE Regulations i.e. induction of Ordinary Shares into CDC. |
| 29 | Data Textiles Limited | August 1, 2012 | Failed to fulfill the requirements of clause 5.11.1.(e) of KSE Regulations i.e. payment of outstanding Annual Listing Fee of the Exchange. |
| 30 | Genertech Pakistan Limited | August 1, 2012 | Failed to fulfill the requirements of clause 5.11.1.(e) of KSE Regulations i.e. payment of outstanding Annual Listing Fee of the Exchange. |
| 31 | Hajra Textile Mills Limited | August 1, 2012 | Failed to fulfill the requirements of clause 5.11.1.(e) of KSE Regulations i.e. payment of outstanding Annual Listing Fee of the Exchange. |
| 32 | Saleem Sugar Mills Limited(Ordinary & Preference Shares) | May 2, 2012 | Non-Holding of Annual General Meetings for two or more years as required under clause 5.11.1.(b) of KSE Regulations, failed to fulfill the requirements of clause 5.11.1.(e) of KSE Regulations i.e. payment of outstanding Annual Listing Fee and clause 5.11.1.(g) of KSE Regulations i.e. induction of Ordinary Shares into CDC. |
| 33 | Fatima Enterprises Limited | March 21, 2012 | Failed to induct Ordinary Shares of the Company into CDS of the Central Depository Company of Pakistan Limited under clause 5.11.1.(g) of KSE Regulations |
| 34 | Globe Textile Mills (OE) Limited | March 21, 2012 | Failed to induct Ordinary Shares of the Company into CDS of the Central Depository Company of Pakistan Limited under clause 5.11.1.(g) of KSE Regulations |
| 35 | Ishtiaq Textile Mills Limited | March 21, 2012 | Failed to induct Ordinary Shares of the Company into CDS of the Central Depository Company of Pakistan Limited under clause 5.11.1.(g) of KSE Regulations |
| 36 | Javed Omar Vohra & Company Limited | March 1, 2012 | Non-Holding of Annual General Meetings for two or more years as required under clause 5.11.1.(b) of KSE Regulations and failed to fulfill the requirements of clause 5.11.1.(e) of KSE Regulations i.e. payment of outstanding Annual Listing Fee. |
| 37 | First Constellation Modaraba | February 24, 2012 | Has gone into voluntary winding up and appointment of Liquidator |
| 38 | Al-Azhar Textile Mills Limited | February 16, 2012 | Failed to fulfill the requirements of clause 5.11.1.(e) of KSE Regulations i.e. payment of outstanding Annual Listing Fee of the Exchange. |
| 39 | Al-Qaim Textile Mills Limited | February 16, 2012 | Non-Holding of Annual General Meetings for two or more years as required under clause 5.11.1.(b) of KSE Regulations, failed to fulfill the requirements of clause 5.11.1.(e) of KSE Regulations i.e. payment of outstanding Annual Listing Fee and clause 5.11.1.(g) of KSE Regulations i.e. induction of Ordinary Shares into CDC. |
| 40 | Hashimi Can Company Limited | February 16, 2012 | Non-Holding of Annual General Meetings for two or more years as required under clause 5.11.1.(b) of KSE Regulations, failed to fulfill the requirements of clause 5.11.1.(e) of KSE Regulations i.e. payment of outstanding Annual Listing Fee and clause 5.11.1.(g) of KSE Regulations i.e. induction of Ordinary Shares into CDC. |
| 41 | Zahur Cotton Mills Limited | February 16, 2012 | Failed to fulfill the requirements of clause 5.11.1.(e) of KSE Regulations i.e. payment of outstanding Annual Listing Fee and clause 5.11.1.(g) of KSE Regulations i.e. induction of Ordinary Shares into CDC. |
| 42 | Security Leasing Corporation (Pref. Shares) | 19-08-2011 | Final Redemption |
| 43 | Extraction (Pakistan) Limited | August 16, 2010 | Directive received from SECP. Mr. Abid Tirmizi has been appointed as Official Liquidator. |
| 44 | Medi Glass Limited | August 16, 2010 | Directive received from SECP. Mr. Adil Nisar Khan appointed as Official Liquidator. |
| 45 | Mineral Grinding Mills Limited | August 16, 2010 | Directive received from SECP. On December 31, 2003 an order was passed by the Commissioner (CLD) to initiate winding-up proceedings against the company as the company has not held its AGMs since 1999 and has also suspended its business for more than four years. The Honourable High Court of Sindh has appointed Official Liquidator to sell out the asset of the Company. |
| 46 | Abson Industries Limited | August 16, 2010 | Directive received from SECP. Liquidator appointed on 30-5-2000. |
| 47 | Prudential Stocks Fund Limited | August 16, 2010 | Directive received from SECP. An order for winding up of the company was issued on May 20, 2008. Winding up order was challenged by the company, petition pending in Court for decision. |
| 48 | Quality Steel Works Limited | August 16, 2010 | Directive received from SECP. Beside imposing penalty of around 3 million, under Section 158, 171 and 245, Winding up Order has also been passed by the Commission and petition for winding up the Company is filed in the Sindh High Court. |
| 49 | English Leasing Limited | August 16, 2010 | Directive received from SECP. Winding-up Petition filed in May 2008. |
| 50 | Sunshine Cotton Mills Limited | August 16, 2010 | Directive received from SECP. The company filed winding up petition in the Lahore High Court which is pending for further proceedings. |
| 51 | Sadoon Textile Industries Limited | August 16, 2010 | Directive received from SECP. Under winding up, Petition filed. |
| 52 | Hakkim Textile Mills Limited | August 16, 2010 | Directive received from SECP. Winding up petition filed. |
| 53 | Suraj Ghee Industries Limited | August 16, 2010 | Directive received from SECP. GCP filed a creditors liquidation petition (C.O. No.121/94) in the Lahore High Court. The liquidation proceedings are under process. |
| 54 | Hallmark Insurance Company Ltd. | August 16, 2010 | Directive received from SECP. Failed to fulfill the requirements of clause 5.11.1.(e) of KSE Regulations i.e. payment of outstanding Annual Listing Fee and clause 5.11.1.(g) of KSE Regulations i.e. induction of Ordinary Shares into CDC. |
| 55 | Prudential Discount & Guarantee House Limited | August 16, 2010 | Directive received from SECP. Winding up Petition was filed in 2002. Presently the winding up petition of the company is pending adjudication before the Honorable Islamabad High Court. |
| 56 | Pakistan Guarantee Insurance Company Ltd. | March 16, 2010 | Directive received from SECP. SECP had initiated winding-up proceedings against the company in the court of law on account of non-compliance of various provisions of the Insurance Ordinance, 2000 and the Companies Ordinance, 1984. |
| 57 | Azgard Nine (Preference Shares) | November 20, 2009 | On account of consolidation / clubbing and conversion of cumulative preference shares into ordinary shares. |
| 58 | Usman Textile Mills Limited | November 17, 2009 | On account of revocation of CDS eligibility of the ordinary shares of the company by the CDC. |
| 59 | First Investec Modaraba | November 17, 2009 | On account of revocation of CDS eligibility of the Certificates of the Modaraba by the CDC. |
| 60 | Investec Securities Limited | November 17, 2009 | On account of revocation of CDS eligibility of the ordinary shares of the company by the CDC. The company has committed further default under clause 5.11.1.(e) of KSE Regulations i.e. non-payment of outstanding Annual Listing Fee of the Exchange. |
| 61 | Al-Mal Securities & Services Limited | November 17, 2009 | On account of revocation of CDS eligibility of the ordinary shares of the company by the CDC. |
| 62 | Investec Mutual Fund Limited | October 26, 2009 | On account of revocation of CDS eligibility of the certificates of the Fund by the CDC. |
| 63 | Dominion Stock Fund Limited | October 26, 2009 | On account of revocation of CDS eligibility of the certificates of the Fund by the CDC. |
| 64 | Nazir Cotton Mills Limited | October 26, 2009 | On account of revocation of CDS eligibility of the ordinary shares of the company by the CDC. |
| 65 | Nina Industries Limited | October 26, 2009 | On account of revocation of CDS eligibility of the ordinary shares of the company by the CDC. |
| 66 | Dadabhoy Sack Limited | October 26, 2009 | On account of revocation of CDS eligibility of the ordinary shares of the company by the CDC. |
| 67 | Pakistan Industrial & Commercial Leasing Limited | October 26, 2009 | On account of revocation of CDS eligibility of the ordinary shares of the company by the CDC. |
| 68 | Noor Silk Mills Limited | August 11, 2009 | Directive received from SECP. SECP during the inspection noted the serious observations / irregularities / violations of law by Company including fraud committed by Director, concealment of company’s income, non maintenance of proper books of accounts, non compliance with the directions of SECP etc. Therefore SECP in process of initiating winding-up proceedings against the company. |
| 69 | Zeal Pak Cement Factory Limited | July 13, 2009 | Restriction on movement of shares by the Honourable High Court of Sindh. |
| 70 | National Asset Leasing Corp Limited | March 24, 2009 | On account of revocation of CDS eligibility of the ordinary shares of the company by the CDC. Appointment of Official Liquidator. |
| 71 | Progressive Insurance Company Limited | January 30, 2009 | Directive received from SECP. The company is non-compliant with various provisions of Insurance Ordinance, 2000. |
| 72 | Prudential Investment Bank Limited | September 5, 2008 | On account of revocation of CDS eligibility of the ordinary shares of the company by the CDC. |
| 73 | Adil Textile Mills Limited | March 31, 2008 | On account of revocation of CDS eligibility of the ordinary shares of the company by the CDC. |
| 74 | Business & Industrial Insurance | March 5, 2008 | Directive received from SECP. The company has failed to comply with various provisions of the Insurance Ordinance, 2000 and the Companies Ordinance, 1984. |
| 75 | Beema Pakistan Company Limited | May 3, 2007 | Directive received from SECP. The company had issued further share capital amounting to Rs.425.897 other than right issue without prior approval of SECP, which is violation of Section 86(1) of the Companies Ordinance, 1984 and the requirements of Rule 8 of the Capital Issue Rules, 1996 (condition i & iv) were also not complied with. |
| 76 | Caravan East Fabrics Limited | September 15, 2006 | On account of Members’ voluntary winding-up of the company. |
| 77 | Regal Ceramics Limited | July 18, 2005 | Committed various defaults including Winding up through Court order on petition filed by the SECP. |
| 78 | Azmat Textile Mills Limited | July 18, 2005 | Committed various defaults including Winding up through Court order on petition filed by the SECP. |
| 79 | Kaiser Arts and Kraft Limited | July 18, 2005 | Committed various defaults including Winding up through Court order on petition filed by the SECP. |
| 80 | Schon Textiles Limited | May 9, 2005 | On account of liquidation of the Company through Court Order |
| 81 | Cass Pak Industries Limited | July 23, 2002 | Committed various defaults including gone into liquidation |
| 82 | Pan Islamic Steamship Company Limited | July 23, 2002 | Committed various defaults including gone into liquidation |
| 83 | National Fibers Limited | August 13, 2001 | On account of liquidation of the Company through Court Order |
| 84 | Standard Insurance Company Limited | July 16, 2001 | Committed various defaults under clause 5.11.1. of KSE Regulations |
| 85 | Ayaz Textile Mills Limited | July 16, 2001 | Committed various defaults under clause 5.11.1. of KSE Regulations |
| 86 | Mohib Exports Limited | July 16, 2001 | Having gone into liquidation and committed various defaults under clause 5.11.1. of KSE Regulations |
| 87 | Karim Cotton Mills Limited | October 2, 2000 | Directive received from SECP. Failed to fulfill the requirements of clause 5.11.1.(g) of KSE Regulations i.e. induction of Ordinary Shares into CDC. |