PSX moves Worldcall Telecom (WTL) to non-compliant segment: share price and what next

The Pakistan Stock Exchange (PSX) has moved Worldcall Telecom Limited (ticker: WTL) back to its Non-Compliant Segment, effective Wednesday, 16 September 2026. This comes after a court on 11 September dismissed the company's request for interim relief.

The reason is an unpaid fee. PSX says Worldcall did not pay the additional listing fee it owed after increasing its paid-up capital. The deadline for that payment was 20 November 2025.

What happened

PSX acted under Clause 5.11.1(d) of its regulations, according to its notice (PSX/N-1132, dated 15 September), as reported by ProPakistani and Business Recorder.

This is the second time. PSX first placed WTL in the Non-Compliant Segment on 2 December 2025. A day later it moved the stock back to the normal counter because a Senior Civil Judge in Lahore had issued a restraining order on 21 November 2025. Now that the court has dismissed the interim relief application, PSX has reinstated the original action.

Worldcall has 90 days, until 14 December 2026, to fix the problem. PSX warned that if it does not, further action could follow, including a risk warning alert on the stock.

The numbers

• Last close (16 September): Rs1.02, according to PSX data
• Volume on 16 September: about 23.9 million shares
• 52-week range: Rs1.00 to Rs2.41 (adjusted for the company's August 2026 capital reduction and stock split)
• Shares outstanding: about 4.98 billion, with 86.44% free float
• Market value: about Rs5.1 billion
• Latest results: a loss of Rs189.9 million in the April-June 2026 quarter

The high volume and low price make WTL a favourite of small retail traders. On Thursday morning the stock was trading around Rs1.03, still under the non-compliant label.

What it means for shareholders

Your shares are not frozen. Stocks in the Non-Compliant Segment can still be bought and sold, and WTL was trading on Thursday. The label is a public warning that the company has broken a listing rule.

No margin or share lending. The National Clearing Company of Pakistan (NCCPL) has removed WTL from margin financing and from securities lending and borrowing, effective 16 September. If you bought WTL with borrowed money through your broker, talk to your broker now about how existing positions will be handled.

The risk is higher. A penny stock marked non-compliant can move sharply on rumours. If the fee is still unpaid by 14 December, a risk warning is possible, and repeated breaches can lead to tougher action from the exchange.

What to do now

• Check the latest PSX and company announcements on WTL before you trade
• Do not add to a position on borrowed money
• Watch for a company statement on paying the fee or on any fresh court action

For the wider market, see our KSE-100 index page.