KSE restore trading of Tri-Star shares

KARACHI: Karachi Stock Exchange has restored trading in the share of Tri-Star Power Ltd following the orders of Sindh High Court with immediate effect. Meanwhile, Security and Exchange Commission of Pakistan has also asked KSE to proceed with the matter in accordance with order of SHC. The CDC has also removed the suspension of CDS eligibility of the ordinary share of the company.

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Pakistan Stock Exchange Hosts Historic Brokers Awards Ceremony to Celebrate Capital Market Excellence

KARACHI: The Pakistan Stock Exchange (PSX) hosted a landmark Brokers Awards Ceremony to recognize the outstanding performance, market leadership, and vital contributions of prominent brokerage firms in shaping Pakistan’s capital market. The event served as a major platform to acknowledge excellence, highlight market transparency, and bolster investor confidence. In a notable highlight of the event, PSX unveiled its new Gong Bell, introducing a modern symbol of celebration to mark significant capital market achievements. Key Award Categories & Winning Brokerage Houses Recognitions were bestowed across a wide array of operational and strategic categories, including Traded Volume & Value, Most Active (Number of Accounts), New UINs Opened, Value of Bids – GoP Sukuk, Number of Investors – GoP Sukuk, Secondary Market – GoP Sukuk, and Top CTIs (Number of IPOs & Capital Raised). Leading brokerage firms honored across these competitive categories included: Arif Habib Limited JS Glo...

THK Associates (Private) Limited: Shares Registrar

THK Associates (Pvt) Limited was formed in 1989. The company is engaged in providing specialized services relating to the corporate sector and in particular acts as share transfer agent for a number of companies. THK Associates (Pvt) Limited is one of the leading service provider of Share Registrar, Transfer Agent, Balloters for IPO’s and Share Accounting Services and is managed and run by a set of professionals having indepth knowledge and expertise of organizing and managing diversified corporate activities including depository related Share Registrar activities. THK Associates (Pvt) Limited, previously an associate of KPMG Taseer Hadi & Co., has been restructured in terms of requirements of Clause XL of the Code of Corporate Governance and the shareholding of THK partners has been divested in the year 2004. Mr. Yunus Dawood, Chief Executive of DYL Motorcycle Limited, a shareholder and Director was appointed as Chairman of the Company in 2008. Mr. Javed Iqbal, former Chairman an...

SECP initiates 86 show-cause proceedings against compamies

The SECP’s Enforcement Department— while enforcing compliance of corporate and allied laws— initiated 86 show-cause proceedings and concluded 54 proceedings against chief executives, directors and auditors of companies in February and March. While facilitating companies to strengthen their capital base, the department allowed three listed companies to issue shares by way of otherwise than right at a discount and at par. In order to strengthen the existing regime of Corporate Social Responsibility (CSR) reporting, the SECP has joined hands with the ICAP for the external assurances of the CSR reports. CSR reports assist organizations in understanding and communicating their vision of combining a company’s profitability with social responsibility and environmental care. Both the SECP and the ICAP have reaffirmed their commitment to developing a framework for external assurance in accordance with prominent international assurance standards, and within a mutually agre...

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