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The Karachi Stock Exchange Limited’s invitation f claims against M/S. Pearl Capital Management (Pvt.) Ltd

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Karachi, October 3, 2012 (PPI-OT): Further to our Notice Number KSE/N-4595 dated October 03, 2012 through which declaration of M/s. Pearl Capital Management (Pvt.) Ltd. as defaulter was informed.

It may be noted that the management of The Karachi Stock Exchange Limited (KSE) has decided to invite claims against M/s. Pearl Capital Management (Pvt.) Ltd-Defaulter Corporate Brokerage House/ TREC holder of KSE. All the TREC holders of the Exchange and investors/ clients of the above referred brokerage house are requested to submit their claims arising out of the transaction (s) made subject to the regulations of the Exchange, if any, against the aforementioned brokerage house with CSIR department of KSE alongwith all the documentary evidences and duly filled Investors’ Claim Form which can be obtained /downloaded from KSE website by visiting the link ” Investor Corner”.

Please note, those who have already lodged their complaints/claims against the said brokerage house should not send their complaints again as these are already being processed by the Exchange. However, in case they need to submit additional evidences in support of their already lodged claims, they may submit relevant documents to the Exchange within specified time by specifically mentioning their assigned claim number against their claim as a reference.

Karachi Stock Exchange Ltd. will scrutinize all the invited claims received with available records of TREC Holder, Central Depository Company and payments/receipts proving documents including bank statements/letters/cheques to ascertain its legitimacy. In order to verify each claim and to ascertain its genuineness the Exchange may seek advice or employ the services of a reputed firm of chartered accountants.

Please be informed that the Exchange reserves the right to take appropriate legal action against those who lodge fake or fictitious claims.

It may please be noted that last date for submission of claims/ complaints against M/s, Pearl Capital Management (Pvt,) Limited is Friday, November 02, 2012 after that no claim shall be entertained by the Exchange.

For more Information, contact:
Karachi Stock Exchange
Tel: (92-21) 111-001122
Fax: (92-21) 3241 0825, (92-21) 3241 5136


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