KARACHI - The stockbrokers on Wednesday moved to the apex court against the dismissal of their plea relating to the furnishing of Rs 7 billion bank guarantees by Sindh High Court. The petitioners including, M/s Al Haqani Securities, M/s Creative Capital Securities (Pvt) Limited and others have submitted the plea in the Supreme Court of Pakistan through Abdul Hafeez Peerzada. It is pertinent to mention here that a couple of days ago a division bench of the Sindh High Court comprising Justices Sajjad Ali Shah and Nadeem Azhar Siddiqui had dismissed appeals filed by the two brokerage groups against the furnishing of bank guarantees amounting to Rs7 billion. Earlier, the plaintiff brokerage groups had failed to furnish the bank guarantees and the court had also passed stay order in favour of the plaintiffs, in which court restrained the NCCPL from taking any actions against both the plaintiffs. It may be noted here that some brokers of KSE are unable to make payment of Rs 7b to the National Clearing Company of Pakistan Limited due to the ongoing crisis at the stock market. The brokers have a petition with the Supreme Court on Wednesday, challenging the decision of the Sindh High Court pertaining to the payment of dues to the NCCPL.