One the right MQ Port was configure, and missing jars files added and updating the file JRE_HOME/lib/security/java.security issue was resolved:
security.provider.1=sun.security.provider.Sun
security.provider.2=sun.security.rsa.SunRsaSign
security.provider.3=
sun.security.ec.SunEC
security.provider.4=
com.sun.net.ssl.internal.ssl.Provider
security.provider.5=com.sun.crypto.provider.SunJCE
security.provider.6=sun.security.jgss.SunProvider
security.provider.7=com.sun.security.sasl.Provider
security.provider.8=org.jcp.xml.dsig.internal.dom.XMLDSigRI
security.provider.9=sun.security.smartcardio.SunPCSC
security.provider.10=apple.security.AppleProvider
Added the following lines after those:
security.provider.11=com.ibm.jsse2.IBMJSSEProvider2
security.provider.12=com.ibm.crypto.provider.IBMJCE
security.provider.13=com.ibm.security.jgss.IBMJGSSProvider
security.provider.14=com.ibm.security.cert.IBMCertPath
security.provider.15=com.ibm.security.sasl.IBMSASL