Day: May 24, 2022

Karachi, Pakistan Reinsurance Company Limited informed Pakistan Stock Exchange that the share certificates in respect of Bonus Shares announced on April 29, 2022 have been credited to their respective accounts in the Central Depository Systems (CDS) of Central Depository Company of Pakistan Limited (CDC) on May 24, 2022.

Pakistan Reinsurance Company Limited was incorporated in Pakistan as a public limited company on March 30, 2000. The Company is engaged in providing of reinsurance and other insurance business.

The company provides insurance solutions to departments including Aviation, Marine Cargo, Marine Hull, Engineering, Fire and Accident. It provides reinsurance protection to the local insurance industry in view of treaty and facultative business as well as managing insurance schemes assigned by the Federal Government of Pakistan.

The total number of shares are 300,000,000. The Earnings per share is 4.64 in 2020 which was 4.95 in 2019. The Profit after Taxation is 1,391,439,000 in 2020 which was 1,484,283,000 in 2019.

Karachi, Flying Cement Company Limited informed Pakistan Stock Exchange about transaction of shares of the company. 304,500 shares @ Rs. 7.73 per share were bought from the market on May 20, 2022 through CDC.

Flying Cement Company Limited formerly known as Zaman Cement Company Limited was incorporated in December 1992 as a public limited company.

The factory is located in Mangowal, District Khushab, in the heart of Punjab Province, it comprises of land in excess of 121 acres. The company has a single kiln having an installed capacity of 2000 tons per day of cement using the latest dry process technology and a rated capacity of 600,000 metric tons of cement per annum.

The Company’s main business activity is manufacturing, marketing and sale of cement. The Company is listed Pakistan Stock Exchange Limited and the shares of the company are 376,000,000. The Earnings per shares of the Company is (3.02) in 2020 which was 0.81 in 2019. Their Profit after Taxation is (530,720,000) in 2020 which was 142,362,000 in 2019.

Karachi, Lucky Cement Limited informed Pakistan Stock Exchange about transaction of shares of the company. 12,000 shares @ Rs. 566.51 per share were bought from the market on May 23, 2022 through CDC.

Lucky Cement is one of the largest producers and leading exporters of quality cement in Pakistan and is listed on the Pakistan Stock Exchange. Lucky Cement Limited was incorporated in Pakistan on September 18, 1993. The principal activity of the Company is manufacturing and marketing of cement.

The total number of Share of the Company are 323,375,000. The Earnings per share is 10.34 in 2020 which was 32.44 in 2019. The Profit after Taxation of the Company is 3,343,933,000 in 2020 which was 10,490,229,000 in 2019.

Karachi, Drekkar Kingsway Limited informed Pakistan Stock Exchange about transaction of shares of the company. 100 shares @ Rs. 9.75 per share were bought from the market on May 23, 2022 through CDC.

Drekkar Kingsway Limited was registered on June 28, 1993 as Private Limited Company and was subsequently converted into Public Limited Company as on June 29, 1994. The principal activity of the company was manufacturing of all type of electrical appliances, cosmetics, toiletries, leather goods, machinery, components and parts.

In 1996, the company sold its plant and machinery. The company is currently engaged in making equity investments in undervalued profitable situations.

The total numbers of shares are 10,000,000. The (0.68) in 2020 which was (0.07) in 2019. The Company had a loss of Rs. 6,809,000 in 2020 which was 716,000 in 2019.

Karachi, Engro Corporation Limited informed Pakistan Stock Exchange about transaction of shares of the company. 160,000 shares @ Rs. 267.02 per share were bought from the market on May 23, 2022 through CDC.

Engro Corporation Limited was incorporated in Pakistan as a Public Listed Company. It is a subsidiary of Dawood Hercules Corporation Limited which is the parent Company. The principal activity of the Company is to manage investments in subsidiary companies, associated companies and joint venture, engaged in fertilizers, PVC resin manufacturing and marketing, food, energy, development and operations of telecommunication infrastructure, LNG, Chemical terminal and storage businesses.

The Shares of the Company are 576,163,230. The Earnings pee shares of the company is 28.29 in 2020 which was 24.83 in 2019. The Company had a Profit of Rs. 16,301,478,000 in 2020 which was 14,303,318,000 in 2019.

Karachi, Mitchell’s Fruit Farms Limited informed Pakistan Stock Exchange about transaction of shares of the company. 13,500 shares @ Rs. 74.00 per share were bought from the market on May 23, 2022 through CDC.

Mitchell’s Fruit Farms Limited was incorporated in Pakistan. It is principally engaged in the manufacture and sale of various farm and confectionery products. The Company was incorporated in 1933 and given the name Indian Mildura Fruit Farms Ltd, a small-scale operation for the processing of citrus fruit into concentrated soft drinks (squashes) and preserves.

After independence, in1948, the company’s name was changed from Indian Mildura Fruit Farms to Mitchell’s Fruit Farms Ltd and the brand name “MITCHELL’S” became the exclusive property of the Pakistani company.

The total number of shares of the Company is 22,875,000. The Earnings per shares of the Company is (7.04) in 2020 which was (10.16) in 2019. The Company had a loss of Rs. 55,445,000 in 2020 which was 80,006,000 in 2019.

Karachi, Millat Tractors Limited informed Pakistan Stock Exchange about transaction of shares of the company. 500 shares @ Rs. 814.00 per share were bought from the market on May 23, 2022, 21,000 shares @ Rs. 815.00 per share were bought from the market on May 23, 2022, 574 shares @ Rs. 815.01 per share were bought from the market on May 23, 2022 and 27,926 shares @ Rs. 815.02 per share were bought from the market on May 23, 2022 through CDC.

Millat Tractors Limited is a public interest company, was incorporated on June 08, 1964. The Company is engaged in assembly and manufacturing of agricultural Tractors, Implements and Multi-application products. The Company is also involved in the sale, implementation and support of IFS applications in Pakistan.

The total number of shares of the Company are 56,057,751. The Earnings per share of the Company is 43.16 in 2020 which was 73.01 in 2019. The Profit After Taxation is 2,150,548,000 in 2020 which was 3,638,045,000 in 2019.

Karachi, Javedan Corporation Limited informed Pakistan Stock Exchange about transaction of shares of the company. 57,500 shares @ Rs. 43.72 per share were bought from the market on May 19, 2022 through CDC.

Javedan Corporation Limited was incorporated in Pakistan on June 08, 1961, as a public limited company. The Company has ceased its cement business since July 01, 2010 and management has developed business diversification strategy for utilizing the Company land for developing a housing scheme, Naya Nazimabad which will include bungalows, open plots, flat sites, and commercial sites.

Total number of shares the company has introduced are 317,383,706. The Earnings per shares of the Company is 0.75 in 2020 which was 1.83 in 2019. The Profit after Taxation of the Company is 236,700,000 in 2020 which was 579,800,000 in 2019.

Karachi, Kot Addu Power Company Limited informed Pakistan Stock Exchange that Lt. General Muzammil Hussain (Retd) has been resigned from the Board of Directors of the company with effect from May 24, 2022.

Kot Addu Power Company Limited was incorporated in Pakistan on April 25, 1996 as a public listed company. The Principal activities of the Company are to own, operate and maintain-fuel fired power station and to sell the electricity produced to a single customer WAPDA under a Power Purchase Agreement (PPA).

Kot Addu Power Plant (the “Power Plant”) was built by the Pakistan Water and Power Development Authority (“WAPDA”) in five phases between 1985 and 1996 in District Muzaffargarh, Punjab, 90 K.M. north west of Multan on the left bank of the River Indus at a distance of 16 K.M. from Taunsa Barrage.

In February 2005, the Privatization Commission (on behalf of WAPDA) sold another 18% of WAPDA shareholding in the Company to the General Public. On April 18, 2005 the Company was formally listed on the Pakistan Stock Exchange (formerly the Karachi Stock Exchange, the Lahore Stock Exchange and the Islamabad Stock Exchange).

The Company is now listed on Pakistan Stock Exchange limited and quoted shares of it that are 880,253,228. Their Earnings per shares of the company is 26.83 in 2020 which was 14.90 in 2019. The Profit after Taxation is 23,613,193,000 in 2020 which was 13,111,540,000 in 2019.