Karachi November 09, 2021 : Pakistan Stock Exchange switched off trading terminals of M/S. MSD CAPITAL EQUITIES - TRE CERTIFICATE HOLDER OF PSX due to failure in submissions of financial reports, as per information shared by the exchange.
M/s. MSD Capital Equities (Pvt.) Limited [MSD] has not submitted its audited annual financial statements as of June 30, 2021 as required under PSX Regulation despite serving of notice of seven (07) days for ensuring compliance.
Consequently, in compliance with the aforementioned Clause, the trading terminals of MSD have been switched-off with effect from November 10, 2021 until further notice. MSD shall only be allowed to close out its open positions in a controlled environment.
A L S O || R E A D
MSD Capital Equities (Pvt.) Ltd
MSD Capital Equities (Pvt.) Ltd is a brokerage registered in Lahore and was established in 1998.
PSX Regulation for mandatory submission of financial information, statements, returns and other information under section 4.26
Every Securities Broker shall submit:
- (a) Hardcopies of its annual financial statements along with audit report to the Exchange within four months after the end of each financial year;
- (b) Hardcopies of its half-yearly financial statements to the Exchange within 60 days after the end of each half year;
- (c) Quarterly financial information to the Commission through online Financial Reporting System (FRS) within 30 days from the close of each quarter; and
- (d) Any other information or reports in such form and manner and within such time as may be specified and required by the Commission and/or the Exchange from time to time or as and when the need arises.