Worldcall Telecom Limited (PSX: WTL) has been restored to the Pakistan Stock Exchange’s (PSX) Normal Counter after being moved to the Non-Compliant Segment earlier this month. The National Clearing Company of Pakistan Limited (NCCPL) confirmed on Wednesday that WTL has been restored from the Non-Compliant Segment to the Normal Counter, reversing the trading restriction that had been in place for about a week. PSX had originally moved Worldcall to the Non-Compliant Segment effective September 16, 2026, with NCCPL subsequently excluding WTL securities from the Margin Financing System (MF) and Securities Lending and Borrowing (SLB-B) systems as a result.
Worldcall’s shares have now been included back in the list of securities eligible for Margin Financing and SLB-B, effective September 23, restoring both trading privileges that had been suspended during the company’s stint in the Non-Compliant Segment. The restoration follows a court order the company obtained, with PSX having previously received a copy of an order dated November 21, 2025, passed by the Senior Civil Judge Class-I in Lahore, restraining the exchange from taking coercive measures in a related earlier compliance dispute. This latest restoration to the Normal Counter appears to follow a similar judicial intervention addressing the specific compliance issue that triggered September’s move to the Non-Compliant Segment.
Worldcall was originally placed in the Non-Compliant Segment back in December 2025 over non-payment of an additional listing fee linked to an increase in the company’s paid-up capital, before being moved there again in September 2026 for what PSX described as the same underlying compliance issue. The company’s shares carrying restricted trading status due to unresolved regulatory fee obligations reflects a recurring theme in Worldcall’s recent PSX history, with the telecom and media operator having cycled between compliant and non-compliant status over the fee dispute across the past year. PSX’s Non-Compliant Segment mechanism is designed to flag listed companies that have fallen short of specific regulatory or disclosure requirements, restricting certain trading privileges until the underlying issue is resolved or a competent court intervenes.
For Worldcall shareholders, the restoration to the Normal Counter and reinstatement of Margin Financing and SLB-B eligibility removes a trading constraint that had been in effect for roughly a week, giving investors renewed access to leveraged trading mechanisms tied to the stock. Whether this restoration marks a final resolution of the underlying paid-up capital listing fee dispute, or simply another temporary reprieve pending further legal proceedings similar to the pattern seen since December 2025, will likely become clearer as Worldcall and PSX continue working through the company’s compliance status in the months ahead.
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