Day: July 1, 2021

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Resignation of Chief Executive Officer of Dadex Eternit Limited

Karachi, Dadex Eternit Limited informed Pakistan Stock Exchange that Mr. Qazi Sajid Ali has ceased to be the Chief Executive Officer of the Company with effect from June 28, 2021.

Dadex Eternit Limited is a Pakistan-based company, which manufactures and sells construction materials, including piping systems and other allied products manufactured from chrysotile cement rubber and plastics, and merchandises imported pipe fittings, accessories and other building products.
The Company was incorporated in Pakistan as a Public Limited Company on April 13, 1959.

The Company’s segments include Chrysotile Cement, which relates to the manufacturing and supply of corrugated sheets and pipes, and the manufacturing and supply of rubber rings; Plastic products, which includes polyvinyl chloride (PVC), Polydex and Polyethylene pipes, and Others, which includes merchandising of other imported building products and services.

The total shares of the Company are 10,764,000. The Earnings per shares are (33.59) in 2020 which was (18.16) in 2019. The Company had a loss of 361,519,000 in 2020 which was 195,528,000 in 2019.

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Dispatch of Rights and Intimation Letters of Dandot Cement Company Limited

Karachi, Dandot Cement Company Limited informed Pakistan Stock Exchange that the Letter of Rights for Physical shareholders and Intimation letters regarding credit of unpaid rights into CDS accounts for CDS shareholders have been dispatched on June 30, 2021.

Dandot cement Company Limited is a public limited company, was incorporated in Pakistan, on 1980. The company started its production on March 01, 1983 and has been engaged in production and marketing of cement.

Dandot Cement Plant was installed in 1982 by State Cement Corporation of Pakistan. The plant was supplied and erected by Mitsubishi Heavy Industries (MHI) Japan. The kiln was designed for a rated capacity of 1,000 M.Ton of clinker per day. The company is a subsidiary of Calicom Industries (Pvt.) Limited.

The total number of shares of the Company are 94,840,000. The Earnings per shares of the company is (7.33) in 2020 which was 6.59 in 2019. The Profit After Taxation in 2020 is (695,056,000) which was 624,545,000 in 2019.

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Financial results of Al-Ghazi Tractors Limited for Quarter ended March 31, 2021

Karachi, Al-Ghazi Tractors Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on June 30, 2021.

The agenda of the meeting was discussion of profit and loss account for quarter ended March 31, 2021 which portrayed a profit of Rs. 692,739 with earnings per share 11.95 basic and diluted respectively.

Further, nil payment of cash dividend, bonus shares and right shares was agreed.

Al-Ghazi Tractors Limited was incorporated in Pakistan as a Public Limited Company in June 1983 and is quoted on the Pakistan Stock Exchange. Al-Ghazi Tractors Limited is principally engaged in the manufacturing and production of agricultural tractors, implements and spare parts. The company is a subsidiary of Al-Futtaim Industries Company LLC, U.A.E

The Company has the main plant in Dera Ghazi Khan and started the production in February 1984.

The Company has quoted its shares on the Pakistan Stock Exchange, and the symbol “AGTL” is being used for the shares of the Company.

The total number of shares the company has issued so far are 57,964,201. Earnings Per Share has increased in 2020 and is 23.28 which was 16.87 in 2019. The Profit After Taxation in 2020 is 1,349,657,000 which was 977,652,000 in 2019.

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Board Meeting in Progress of Habib Bank Limited

Karachi, Habib Bank Limited informed Pakistan Stock Exchange that a meeting of the Board of Directors of the Company scheduled to be held on July 01, 2021 at Karachi to consider the agenda other than financial results, is in progress.

Habib Bank Limited is incorporated in Pakistan and is engaged in commercial banking related services in Pakistan and overseas. The Aga Khan Fund for Economic Development (AKFED), S.A. is the parent company of the Bank and its registered office is in Geneva, Switzerland.

The Government of Pakistan privatized HBL in 2004 through which Aga Khan Fund for Economic Development (AKFED) acquired 51% of the Bank’s shareholding and the management control. The remaining 41.5% shareholding by the GoP was divested in April 2015. AKFED continues to retain 51% shareholding in HBL while the remaining shareholding is held by individuals, local and foreign institutions and funds including CDC Group Public Limited Company which holds 5% and International Finance Corporation which holds 3%.

The Bank is listed on Pakistan Stock Exchange. The shares of the bank are 1,466,852,508. Its Earnings per shares is 21.49 in 2020 which was 10.27 in 2019. Their Profit after Taxation is 31,523,682,000 in 2020 which was 15,064,189,000 in 2019.

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Board of directors meeting of National Investment Trust Limited

Karachi, National Investment Trust Limited informed Pakistan Stock Exchange that board of directors meeting of the company scheduled on July 07, 2021 at Karachi. The agenda of the meeting will to consider final dividend for the Funds.

Further, the company has declared the closed period from July 01, 2021 to July 07, 2021.

The National Investment Trust Limited (NITL) is the first Asset Management Company of Pakistan, formed in 1962, and had Funds under management of approximately Rs. 90 billion, with around 54,679 unit holders as on April 29, 2016. NIT’s distribution network comprises of 23 Branches, Sarmayakari Markaz at Abbottabad, Investor Facilitation Centre at Karachi & various Authorized Bank Branches all over Pakistan.

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Board of directors meeting of Mian Textile Mills Limited

Karachi, Mian Textile Mills Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on July 08, 2021 at Lahore. The agenda of the meeting will to consider the Annual Accounts for the period ended June 30, 2021.

Further, the company has declared the closed period from July 01, 2021 to July 08, 2021.

Mian Textile Industries Limited, “the Company”, was incorporated in Pakistan on December 01, 1986 as a Public Limited Company under the Companies Ordinance, 1984. Its shares are quoted on Karachi and Lahore Stock Exchanges. The registered office of the Company is situated at 29-B/7, Model Town, Lahore and its manufacturing facilities are located at 48.5 K.M. Multan Road, Bhai Pheru, Tehsil Chunian, District, Kasur. The Company is principally engaged in the business of manufacturing, sale and export of textile products. Due to the un-economic condition the production of own yarn and cloth was closed down and conversion services were extended to other parties. Weaving section building and Spinning section machinery, factory building has been leased to third parties.

The symbol “MTIL” is being used by the stock exchange for the Mian Textile Mills Limited.