Karachi: Millat Tractors Limited informed Pakistan Stock Exchange that IGI Finex Securities Limited erroneously purchased 16,350 shares of the Company on November 28, 2016 against the order for purchase of 10,000 shares of the Company by wife of their CEO. On realizing the mistake the broker rectified the mistake and the entry for purchase of 6,350 shares were reversed on the same date in the system of PSX without any gain or loss.
MIllat Tractors Limited is a company incorporated in Pakistan on June 11, 1964 as a public limited company. The foundations of the company have been laid under the Companies Ordinance, 1984. The principal activities of the business are manufacturing agricultural tractors and machinery which includes implements and multi application products. The stocks of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The registered office of the company is located in Sheikhupura.
The symbol “MTL” is being used by the stock exchanges for the shares of Millat Tractors Limited.