Pakistan Company News – Stock Exchange Announcements

Category Archives: Stock Exchange Announcements

The Karachi Stock Exchange (Guarantee) Limited’s Decisions Taken By Board of Directors in its Meeting Held on May 31, 2011

Karachi: The Board of Directors of Karachi Stock Exchange, in its meeting held on May 31, 2011, focused extensively on resolving difficulties for investors on the one hand and strengthening the Exchange’s risk management aspects to provide confidence to market participants. Besides this, in order to enhance product attractiveness, several initiatives …

The Karachi Stock Exchange (Guarantee) Limited’s announcement regarding Change of Name of M/S. KAI Securities Limited

Karachi: It is hereby informed that the name of M/s. KAI Securities Limited, corporate member of the Exchange, has been changed to M/s. Axis Global Limited. For more information, contact: Abbas Mirza DGM-Operation and CSIR Karachi Stock Exchange Tel: +9221 111-001122 Fax: +9221 3241 0825, +9221 3241 5136 Email: info@kse.com.pk Web: www.kse.com.pk

The Karachi Stock Exchange (Guarantee) Limited’s Credit of 50% Right Shares into CDS

Karachi: We are pleased to inform you that 4,490,206 securities pertaining to 50% Right Shares issued by the company have been credited into respective accounts and/or sub accounts and/or Investor Accounts into Central Depository System on May 27, 2011. The Physical Share Certificates will be ready for exchange with paid letter of right within the schedule …

The Karachi Stock Exchange (Guarantee) Limited’s announcement regarding Change of Nominee Director/ Chief Executive of Alpha Beta Capital Markets (Private) Limited

Karachi: The Exchange has accepted the request for change of Nominee Director/Chief Executive form M/s/ Alpha Beta Capital Markets (Private) Limited. Accordingly, the Nominee Director/Chief Executive representing the Company is Mr. Shahid S/o Mr. Abdul Sattar, holding CNIC No. 42301-0799111-77 in place of Mr. Zahid Ali Hussain Kasim. All the members …

The Karachi Stock Exchange (Guarantee) Limited’s Sector Change of “First Credit and Investment Bank Limited” Into Financial Services

Karachi: This is in reference to the letter by FCIBL dated May 4th 2011 regarding M/s. First Credit and Investment Bank Limited (FCIBL)’s reclassification from “Banks” to “Financial Services” Sector. Dow Jones and FTSE Industry Classification Benchmark (ICB) Advisory Committee reviewed the reclassification request and has decided to classify …

The Karachi Stock Exchange (Guarantee) Limited’s Atlas Fund of Funds Weekly Report on Details of Own Certificates Repurchased for the period: May 23, 2011 to May 27, 2011

Karachi: This is in continuation of our earlier correspondence with you on the subject of repurchase of own certificates by Atlas Fund of Funds (ATFF), in accordance with the procedure prescribed under Circular No. 14 of 2009 issued by the Securities and Exchange Commission of the Pakistan (the Commission), dated May 4, 2009. As requested under Clause …

The Karachi Stock Exchange (Guarantee) Limited’s Commencement of Trading in the unpaid rights of Fauji Cement Company Limited

Karachi: Further to our Notice No.KSE/N3024 dated May 25, 2011, it is hereby informed that trading in the Unpaid rights of M/s. Fauji Cement Company Limited (FCCLR) will commence from tomorrow Tuesday, May 31, 2011 at Rs.0.01 as its opening price with lower circuit breaker at Rs.0.01. For more information, contact: Abbas Mirza DGM-Operations and CSIR …

The Karachi Stock Exchange (Guarantee) Limited’s Changes of Authorized Signatory for Shares Transfer and Verification of Transfer Deeds of National Fibers Limited

Karachi: Please refer to our earlier letter dated June 18, 2008 and your Notice No. KSE/N-3900 dated June 20, 2088 (copies enclosed for ready reference) regarding nomination of Mohammad Nasir Majeed, CNIC # 42301-09900983-5 as Authorized Signatory for Shares Transfer and verification of Transfer Deeds of National Fibers Limited. Since our above authorized …