KARACHI: Stock brokerage firm Tariq Sayeed Securities (Pvt) Ltd has voluntarily asked the Pakistan Stock Exchange (PSX) to suspend its trading terminals for 30 days to assess and clarify its positions while confirming that it has no clients at present and no client account payable.

In a notice to market participants, the PSX said it issued a show-cause notice to the brokerage related to certain observations for which clarification was required by the exchange.

The exchange said the trading terminals of the brokerage have been switched off with immediate effect and the firm has been advised to invite all its clients/general public on an immediate basis through notice in two newspapers to submit any outstanding claims directly to the exchange against the brokerage house.

Published in Dawn, March 8th, 2017