⚡ Flash Summary

Trust Securities & Brokerage Limited (TSBL) has announced an emergent board meeting scheduled for November 17, 2025, at 2:30 PM, to be held at the company’s registered office in Karachi. The purpose of the meeting is to discuss matters other than financial results. In accordance with PSX Regulations, the company has declared a closed period from November 10, 2025, to November 17, 2025, during which directors, the CEO, and executives are prohibited from trading the company’s shares.

📌 Key Takeaways

• 📅 Emergent board meeting scheduled for November 17, 2025, at 2:30 PM.
• 🏢 Meeting will be held at the company’s registered office in Karachi.
• 💬 The board will discuss matters other than financial results.
• 🚫 A closed period has been declared from November 10, 2025, to November 17, 2025.
• 💼 During the closed period, directors, CEO, and executives are barred from trading TSBL shares.
• 📜 The closed period is in compliance with Clause 5.6.1 of PSX Regulations.
• 📢 Any material information arising from the meeting will be communicated to the Exchange.
• ℹ️ TRE Certificate Holders of the Exchange are to be informed accordingly.
• 👤 Syed Maqsood Ahmad, Company Secretary, issued the notice.
• 📍 Corporate office located at I. I. Chundrigar Road, Karachi.
• 🌐 Company website: www.tsbl.com.pk
• 📞 UAN: (92-21) 111-000-875.

🎯 Investment Thesis

Based solely on the announcement of the emergent board meeting and closed period, a HOLD recommendation is appropriate. Further information regarding the substance of the board meeting is needed to form a more comprehensive investment thesis. The price target remains unchanged pending further developments.