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LAHORE STOCK EXCHANGE (GUARANTEE) LIMITED, KARACHI versus COMMISSIONER (SECURITIES MARKET), SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN, ISLAMABAD

Against the order of the Company's Listing Commissioner from Sections 588 Securities and Exchange Commission of Pakistan Act (XLII of 1997), Section 33 Securities and Exchange Commission Ordinance (XVII of 1969), Section 9 (5) (6) and 10D Stock Exchange. Appeal for appeal The respondent Corporation's request for its listing from both the Lahore Stock Exchange and Islamabad Stock Exchange was accepted by the Commissioner, the Appellant / Lahore Stock Exchange filed an appeal against the order of the Commissioner, Respondent. The corporation listing was challenged on the basis that the listing was complete. Applicants for delisting were subjected to protection of investors under Section 9 (5) of the Unlawful Securities and Exchange Commission Ordinance, the respondent corporation claimed that there was no investor present in the corporation. Working through Stock Shares Lahore Stock Exchange and Islamabad Stock Exchange Response Corporation, D further requested that the interest of the investors be protected as the respondent corporation will remain listed on the Karachi Stock Exchange Appellant / Lahore Stock Exchange. It is bound to protect the investors only To approve or reject an application for delisting of the Corporation remember. For this purpose, the appellant may impose conditions on the respondent corporation while filing the appellant's argument in respect of the loss to the investors, if the defendant corporation is listed with it, support this fact. It was not reported that there was currently any investor dealing with the defendant corporation. Stock Lahore Stock Exchange or Islamabad advocate from Chak Jamal lawyer