Day: June 28, 2021

Karachi, Service Industries Textiles Limited informed Pakistan Stock Exchange that the Corporate Briefing Session of the Company will be held on July 06, 2021 at Lahore, to brief the Investors/Analysts about the Company’s current financial performance and outlook.

Service Industries Textiles Limited was incorporated in Pakistan in 1962 as a Private Limited Company under the repealed Companies Act 1913, (now the Companies Ordinance, 1984) and was subsequently converted into a Public Limited Company in 1970. The Company is listed on Pakistan stock exchange. The principal activity of the Company is manufacturing and sale of yarn made from raw cotton and synthetic fiber. The registered office of the Company is situated at 38 – Empress Road, Lahore.

The symbol “SERT” is being used by the stock exchange for Service Industries Textiles Limited.

Karachi, Pak Oman Asset Management Company Limited informed Pakistan Stock Exchange that the Chief Executive Officer of the Company on behalf of the Board of Directors has approve the interim distribution.

Pak Oman Asset Management Company Ltd. (POAMCL) is a Non-Banking Finance Company incorporated on July 28, 2006 as a public unlisted company with the principal objective to manage mutual funds as well as discretionary portfolios for all types of investors. POAMCL has paid-up capital of Rs.330 million and is licensed by the Securities & Exchange Commission of Pakistan (SECP) to undertake Investment Advisory Services and act as an Investment Advisor under Rule 5(2) of the NBFC Rules, 2003.

POAMCL acquired Askari Investment Management Limited (AIML) and successfully completed its merger with and into POAMCL effective October 31, 2017. We are a part of Pak Oman Group, which is backed by Government of Pakistan and Sultanate of Oman and has been operating in Pakistan’s financial sector for over 16 years.

Our product offering is designed to cater to varied investment needs ofindividual and institutional investors by matching their specific risk and return profiles. We boast our team of investment professionals who have a successful track record in their respective areas with diversified experience within financial and capital markets. POAMCL is committed to improving and protecting the future well-being of investors by nurturing a mutually beneficial relationship built on the highest standards of trust, transparency and care.

Karachi, Premier Insurance Limited informed Pakistan Stock Exchange that the resolution passed by the members in the Extraordinary General Meeting held on June 28, 2021, to approve long term equity investments of up to PKR 3.780 (M) and PKR 20 (M) in the associated Companies and undertakings namely, the crescent Textile Mills Limited and First Equity Modaraba, respectively.

Premier Insurance Limited was incorporated in Pakistan in May, 1952 as a public limited company. The operations of the business are related to general insurance. The registered office of the business is located in Karachi. The shares of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan.

The products of the company includes property insurance, motor insurance, miscellaneous insurance, marine insurance, engineering insurance, shop owners insurance, group health insurance and specialized insurance.

The symbol “PINL” is being used by the stock exchanges for the shares of Premier Insurance Limited.

Karachi, Packages Limited informed Pakistan Stock Exchange about transaction of shares of the company. 268,700 shares @ Rs. 0.00 per share were Donated-Out on June 25, 2021.

Packages Limited is a public limited company incorporated in Pakistan. The company is principally engaged in the manufacture and sale of paper, paperboard, packaging materials and tissue 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 Karachi.

On September 17, 2012 the company has entered into a 50/50 joint venture with the ‘Stora Enso OYJ Group’ of Finland in its 100% wholly owned subsidiary Bulleh Shah Packaging Private Limited. The Joint Venture will include Paper & Paperboard and Corrugated business operations at Kasur and Karachi and will involve initial equity participation of Stora Enso of 35% by way of subscription of right shares with a commitment to increase the shareholding to 50% at a later stage subject to certain conditions being met. The company also decided to close down its Paper and Paperboard operations in Lahore which has divided the business into continuing and discontinued operations.

The symbol “PKGS” is being used by the stock exchanges for the shares of Packages Limited.

Karachi, EFU Life Assurance Limited informed Pakistan Stock Exchange about transaction of shares of the company. 5,000 shares @ Rs. 200.34 per share were bought from the market on June 25, 2021 through CDC.

EFU Life Assurance Limited is a Public Limited company incorporated in Pakistan on August 9, 1992. The company is engaged in life insurance business which includes ordinary life business, pension fund business and accident and health business. It is a subsidiary of EFU General Insurance Ltd.

The Government of Pakistan reopened the life insurance business to the private sector organizations and EFU Life Assurance Ltd started operations in November 1992.

The Shares which the company has introduced are 100,000,001. The Earnings per shares of the company has increased in 2020 and is 17.84 which was 15.49 in 2019. Their Profit after Taxation is 1,784,150,000 in 2020 which was 1,549,264,000 in 2019.

Karachi, First Capital Equities Limited informed Pakistan Stock Exchange that the Corporate Briefing Session of the Company will be held on July 05, 2021 through video link to brief the shareholders/analysts/investors about the Company’s financial performance to fulfill the requirements of Pakistan Stock Exchange as per the noticed on May 23, 2019.

First Capital Equities Limited (the “Company”) was incorporated in Pakistan on January 26, 1995 as a private limited company, under the Companies Ordinance, 1984. The Company was converted into a public limited company on June 18, 1997 and is listed on Lahore Stock Exchange (Guarantee) Limited. The Company is a subsidiary of First Capital Securities Limited.

The symbol “FCEL” is being used by the stock exchange for the shares of First Capital Equities Limited.

Karachi, Agriauto Industries Limited informed Pakistan Stock Exchange that the Board of Directors of the Company in their meeting held on June 28, 2021 has approved the Annual Budget of the Company for the financial year 2021-2022.

Agriauto Industries Limited is a Public Limited company, was incorporated in Pakistan on June 25, 1981. The Company is automotive components manufacturers in the private sector and also they acquire TS16949 certification.

The Company is engaged in the business of manufacturing and sailing of components for automotive vehicles, motor cycles and agricultural tractors.

The total number of shares they issued are 28,800,000. Earning Per Shares in 2020 is (1.03) which was 20.94 in 2019. The Net Profit Margin percentage has also decreased in 2020 and is (0.79%) which was 8.47% in 2019.

Karachi, Abdullah Shah Ghazi Sugar Mills Limited informed Pakistan Stock Exchange that Mr. Yasir Iqbal has been appointed as Chairman of the Company with effect from June 23, 2021 in place of Mr. Muhammad Dawood.

Abdullah Shah Ghazi Sugar Mills Limited is a Pakistan-based company. The principal business of the Company is manufacturing and selling of refined sugar and by-products. The Company’s mill is located at Garho, Sindh.

The Symbol “AGSML” is being used by the stock exchange for Abdullah Shah Ghazi Sugar Mills Limited.

Karachi, Pak Datacom Limited informed Pakistan Stock Exchange about transaction of shares of the company. 28,000 shares @ Rs. 80.23per share were sold in the market on June 24, 2021 through CDC.

Pak Datacom Limited is a subsidiary of Telecom Foundation. The objective of the Company is to set up, operate and maintain a network of data communication and to serve the needs of the subscribers against approved tariff charges. The Company is also authorized to carry out any business relating to communication and information technology whether manufacturing or otherwise, that may seem to the Company capable of being conveniently carried on to enhance the value of or render profitable any of the Company’s property or rights or which it may be advisable to undertake with a view to improve the profitability of the Company subject to applicable licenses from Pakistan Telecommunication Authority.

Karachi, Shahmurad Sugar Mills Limited informed Pakistan Stock Exchange that the shareholders of the Company having physical folios/shares certificates are requested to convert their shares from physical form into Book-entry form as soon as possible.

Shamurad Sugar Mills Limited is a company incorporated in Pakistan as a public limited company. The foundations of the company are laid under the Companies Ordinance, 1984. The company is engaged in the business of production of sugar. The company owns and operates Sugar and Ethyl Ethanol manufacturing units which are located at Jhoke, District Thatta in the province of Sindh. The stocks of the company are quoted in the Karachi Stock Exchange. The registered office of the company is located in Karachi.

The symbol “SHSML” is being used by the stock exchanges for the shares of Shahmurad Sugar Mills Limited.

Karachi, Pace Pakistan Limited informed Pakistan Stock Exchange that the Corporate Briefing Session of the Company will be held on July 05, 2021 through video link to brief the shareholders/analysts/investors about the Company’s financial performance to fulfill the requirements of Pakistan Stock Exchange as per the noticed on May 23, 2019.

Pace Pakistan Limited is a public limited company incorporated in Pakistan. The foundations of the company are laid under the principals of the companies Ordinance, 1984. The company operates in the real estate industry and aims to build, acquire, manage and sell condominiums, departmental stores, shopping plazas, super markets, utility stores, housing societies and to carry out commercial, industrial and other related activities in and out of Pakistan. Pace is currently working in the real estate and hospitality sectors, including shopping malls, office buildings, business centers, modern housing schemes, apartment complexes and multi-use projects. The stocks of the company are quoted on the Karachi and Lahore stock exchanges of Pakistan. The registered office of the company is located in Lahore.

The company is part of a larger conglomerate, the First Capital Group, which owns and operates a number of businesses in the financial services, real estate development, media and telecom sectors in Pakistan and abroad.

The symbol “PACE” is being used by the stock exchanges for the shares of Pace Pakistan Limited.

Karachi, Saif Power Limited informed Pakistan Stock Exchange that the resolution passed and adopted by the shareholders of the Company in its Extraordinary General Meeting held on June 26, 2021 to transact, to confirm the minutes of Annual General Meeting of the Company held on April 26, 2021 be an d hereby approved and confirmed.

Saif Power Limited (SPL) was incorporated in Pakistan on November 11, 2004 as a Public Limited Company under the Companies Ordinance 1984 and commenced commercial operations on April 30, 2010.

SPL was developed under Government of Pakistan Power Policy 2002 on a Build, Own and Operate basis in Sahiwal District of Punjab, Pakistan. Head office of the Company is located at Kulsum Plaza, Jinnah Avenue, Blue Area, Islamabad, Pakistan.

SPL is a project of Saif Group, which is a diversified industrial and services conglomerate with portfolios in Textiles, power generation, oil & gas exploration, information technology & software development, real estate, fiber optic network, environmental management and healthcare services.

The symbol “SPWL” is being used by the stock exchanges for the shares Saif Power Limited.