The Pakistan Stock Exchange (PSX) has added ARUJ Industries Limited (ARUJ), Siddiqsons Tin Plate Limited (STPL), and Saritow Spinning Mills Limited (SSML) to its Defaulters’ Segment as of Thursday, December 5, 2024, according to an official notification.
As a result, the securities of these companies have been excluded from the lists of SLB Eligible Securities, MF Eligible Securities, and MSF Eligible Securities, in compliance with the NCCPL Regulations, 2015. Specifically, the exclusions are in line with Clauses 7A.3.4, 7B.3.1.4, and 7E.2.1.1 of the regulations.
The PSX clarified that if these securities are reinstated during the review period, trading in the SLB (Securities Lending and Borrowing) and MF (Margin Financing) markets will remain restricted until the review process is completed. Additionally, MSF (Margin Trading System Financing) eligibility will only be restored once the securities are officially removed from the Defaulters’ Segment.
