20000212

KSE extends suspension

RECORDER REPORT

KARACHI: The trading in Pakland Cement and Saadi Cement shares shall remain suspended for a further 60 days from February 12, 2000, a notice of Karachi Stock Exchange (KSE) said, on Friday.

Since the companies have not so far removed the cause of suspension of trading in their shares, the management of the KSE in the interest of trade and public and in exercise of the powers vested under listing Regulation No. 5(2) (iii) read with Section 9 of the Securities and Exchange Ordinance, 1969 has decided that trading in the shares of the companies shall remain suspended for a further period of 60 days from February 12, 2000 or until such time as the cause of suspension is removed.