The Pakistan Stock Exchange (PSX) has extended the suspension of trading in the shares of Dewan Mushtaq Textile Mills Limited and Pakistan Hotels Developers Limited for another 60 days, effective July 15, 2026.
According to the exchange, Dewan Mushtaq Textile Mills remains suspended because it has yet to resolve the regulatory and operational issues that triggered the earlier trading halt.
These include the suspension of its core business operations, failure to hold annual general meetings, non-submission of audited annual financial statements, unpaid dues to the exchange, and an adverse audit opinion.
PSX said trading in the company’s shares will remain suspended until the deficiencies are rectified or until the expiry of the extended 60-day period, in line with applicable regulations.
Meanwhile, the exchange also prolonged the trading suspension of Pakistan Hotels Developers Limited, which is undergoing voluntary winding-up after shareholders approved a special resolution to dissolve the company.
The suspension of Pakistan Hotels Developers’ shares will continue until the company completes the delisting process and fulfills all regulatory requirements, or for another 60 days from July 15.
The exchange said both decisions were made under Section 19(7) of the Securities Act, 2015, and Clause 5.11 of the PSX Regulations.
Get the latest business news, market insights, and economic updates wherever you prefer.
Add ProPakistani to Preferred Sources and see more of our stories in Google Search and Top Stories.