Karachi October 13 2021: KSE 100 drops 661.3 points to close at 43,221.8 as the Honorable High Court of Sindh, Karachi vide its Order dated October 12, 2021 has restored the operation of the AZEE securities till the next date of hearing.
Therefore, in compliance with the decision of the Honorable High Court of Sindh, PSX has restored the trading terminals of AZEE with immediate effect.
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Sindh High Court Freezes Assets and Bank Accounts of Hascol Petroleum: PSX - AUGAF
Earlier, the trading terminals of M/s. Azee Securities (Private) Limited (AZEE) have been switched-off as the financial precariousness of the brokerage Net Capital Balance and Liquid Capital of AZEE have fallen below the minimum specified threshold. However, AZEE shall only be allowed to close out its open positions in a controlled environment.