PSX extends trading suspension in Dewan Mushtaq Textile Mills, Pakistan Hotels Developers

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 from July 15, 2026.

In the case of Dewan Mushtaq Textile Mills, the PSX said the company had not addressed the issues that led to the earlier suspension.

The exchange said the company had suspended commercial production or business operations in its principal line of business, failed to hold annual general meetings, did not submit annual audited financial statements and had not paid its outstanding dues to the exchange.

The company’s audit report also carried an adverse opinion.

Trading in Dewan Mushtaq Textile Mills shares will remain suspended until these issues are resolved or for another 60-day period, whichever applies under the PSX decision.

Separately, the PSX extended the suspension of trading in Pakistan Hotels Developers Limited after the company approved a special resolution to begin voluntary winding-up proceedings.

The exchange said the suspension would remain in place until the company is delisted after completing the relevant requirements or for another 60 days from July 15.

Both decisions were taken under Section 19(7) of the Securities Act, 2015, and Clause 5.11 of the PSX Regulations.