Day: December 29, 2022

Karachi, Al-Abbas Sugar Mills Limited informed Pakistan Stock Exchange that annual general meeting of the company is scheduled to be held on January 26, 2023 at Karachi.

The agenda of the meeting will be confirming the minutes of Annual General Meeting held on January 26, 2022 to receive, consider and adopt the Annual Audited Financial Statements of the Company for the year ended September 30, 2022 together with the Directors and Auditors Reports thereon, to appoint auditors for the year ending September 30, 2022 and fix their remuneration and to transact any other business with the permission of the chair.

Further, the closed period of the company is from January 19, 2023 to January 26, 2023 (both days inclusive).

Al-Abbas Sugar Mills Limited was incorporated in May 1991 and was listed in on April 1992 at the Karachi Stock Exchange Limited.

The company has two major units located at Mirwah Gorchani and Dhabeji Thatta. The unit is located at Mirwah Gorchani with installed sugarcane crushing capacity of 8,500 Tons per day and processing capacity of molasses into quality industrial alcohol of 170,000 liters per day. The other unit is located at Dhabeji Thatta and has capacity to manufacture 27,220 M.T of different alloys per annum. The tank terminal unit of the Company is located at Kemari Karachi with storage capacity of 34,900 M.T of liquids.

AL-Abbas Sugar Mills was started the sugar production in 1994 industrial alcohol in 2000, alloys in 2005 and power generation in 2010. Also major chunk of our alcohol production is being exported to Europe, Japan, UAE, Saudi Arabia and Philippine.

As part of Company strategic planning, the Company acquired Al-Abbas Industries Limited in 2007. At that time Al-Abbas Industries Limited have one of the country’s biggest medium density fibre board plant, manufacturing facilities to produce various types of alloys product to meet the whole country demand, and 15 MW captive power plant. Subsequently, the Al-Abbas Industries Limited merged into the Al-Abbas Sugar Mills Limited.

The total number of shares company has issued are 17,362,300, where earning Per Shares (EPS) was 71.67 in 2020 and in 2019 it was 64.05 per share. The Profit After Tax has increased up to 1,244,347,000 in 2020 which was 1,111,978,000 in 2019.

Karachi, Al-Shaheer Corporation Limited informed Pakistan Stock Exchange that the unpaid rights have been credited into their respective CDS accounts (in the ratio of 25 shares for every 100 ordinary shares held) in their names as at closed of business of December 20, 2022.

Al Shaheer Corporation Limited was incorporated on June 30, 2012. The Company is engaged in trading of different kinds of halal meat including goat, cow, chicken and fish, both for export market and local sales through chain of retail stores.

The company went public in 2015 and is now listed on the Stock Exchange. The total numbers of shares are 299,938,830. The Earnings per share is 1.01 in 2020 which was 1.12 in 2019. The Profit after Taxation of the Company is 172,775,000 in 2020 which was 190,931,000 in 2019.

Karachi, Faran Sugar Mills Limited informed Pakistan Stock Exchange about transaction of shares of the company. 186,500 shares @ Rs. 55.60 per share were bought from the market on December 28, 2022 through CDC.

Faran Sugar Mills Limited was incorporated in Pakistan on November 03, 1981 as a public limited company. The principal business of the Company is the production and sale of white sugar. The total number of shares of the Company are 25,007,151. The Earnings per share is (6.85) in 2020 which was 15.21 in 2019. The Profit after Taxation of the Company is Rs. (171,317,000) in 2020 which was 380,445,000 in 2019.

Karachi, Panther Tyres Limited informed Pakistan Stock Exchange that Mian Iftikhar Ahmed and Mian Faisal Iftikhar have been re-appointed as Chairman of the Board and Chief Executive Officer of the Company respectively for a term of three years commencing from January 01, 2023.

Panther Tyres Limited is in the tyres and tubes industry of Pakistan. Apart from its main business, the Company has also ventured into trading business of automobile spare parts and lubricants.

The total numbers of shares are 140,000,000. The Earnings per share is 7.06 in 2021 which was 2.50 in 2020. The Profit after taxation is 851,262,000 in 2021 which was 251,827,000 in 2020.

Karachi, Kohinoor Spinning Mills Limited informed Pakistan Stock Exchange about transaction of shares of the company. 1,593,000 shares @ Rs. 2.44 per share were bought from the market on December 27, 2022 and 1,593,000 shares @ Rs. 2.44 per share were sold in the market on December 27, 2022 through CDC.

Kohinoor Spinning Mills Limited was incorporated on 23rd July, 1970 as a public limited company in Pakistan. The company is engaged in the business of textile spinning.

The total numbers of shares are 215,714,285. The Earnings per shares are (1.14) in 2020 which was (1.57) in 2019. The Company had a loss of Rs. 245,042,000 in 2020 which was 339,403,000 in 2019.

Karachi, Habib Metropolitan Bank Limited informed Pakistan Stock Exchange about transaction of shares of the company. 5,000 shares @ Rs. 33.15 per share were bought from the market on December 28, 2022 through CDC.

Habib Metropolitan Bank Limited was incorporated in Pakistan on 3 August 1992, as a public limited company and is engaged in commercial banking and related services. The Bank is a subsidiary of Habib Bank AG Zurich – Switzerland (the holding company with 51% shares in the Bank) which is incorporated in Switzerland.

Habib Metro Bank commenced its commercial-banking operations as Metropolitan Bank in October 1992 when the Bank merged with Habib Bank AG Zurich’s Pakistan operations. The merged entity was named Habib Metropolitan Bank Limited.

Habib Metro Bank currently operates with nationwide network of over 400 branches in more than 138 cities across Pakistan. Habib Metro offers retail, commercial, consumer and corporate banking solutions to its clientele, in addition to its expertise of trade finance. The Bank also of provides highly innovative e-Banking and Shariah-compliant Islamic Banking solutions.

The total numbers of shares of the Company are 1,047,831,480. The Earnings per share of the Company is 11.46 in 2020 which was 6.28 in 2019. Their Profit after Taxation is 12,008,196,000 in 2020 which was 6,583,481,000 in 2019.

Karachi, Descon Oxychem Limited informed Pakistan Stock Exchange about transaction of shares of the company. 307,980 shares @ Rs. 0.00 per share were gift-out from the market on December 29, 2022.

The company was incorporated in Pakistan as a private limited company on November 12, 2004. It is principally engaged in the manufacture, procurement and sale of hydrogen peroxide and allied products. They supply customized chemicals for textiles, food and beverage safety as well as other industrial and consumer sectors.

The total numbers of shares are 175,031,084. The Earnings per share is 3.42 in 2020 which was 3.87 in 2019. The Profit after Taxation is 418,423,000 in 2020 which was 394,269,000 in 2019.

Karachi, Bank Al-Falah Limited informed Pakistan Stock Exchange about transaction of shares of the company. 13,872,577 shares @ Rs. 30.17 per share were sold in the market on December 27, 2022 through CDC.

Bank Alfalah Limited is a Public Interest Company, was incorporated in Pakistan as a Public Limited Company on June 21, 1992. Bank Alfalah has international presence as well and working in Afghanistan, Bangladesh, Bahrain and the UAE. The Bank also has a representative office in Abu Dhabi. Bank Alfalah is owned and operated by the Abu Dhabi Group.

They provides financial solutions to consumers, corporations, institutions and governments for products and services, including corporate and investment banking, consumer banking and credit, securities brokerage, commercial, SME, agri-finance, Islamic and asset financing solutions.

The symbol “BAFL” is used in respect of the shares of the Bank.

The number of shares the company has introduced are 1,777,165,119. The Earnings per shares has decreased in 2020 and is 5.89 which was 7.15 in 2019. The profit after taxation in 2020 is 10,474,910,000 compare to 12,695,517,000 in 2019.