Karachi, Lucky Core Industries Limited has announced that its Executive Director, Asif Jooma, has executed two transactions of selling shares in the company. According to the disclosure of interest by a director or executive of a listed company and their spouses and the substantial shareholders, Jooma sold 9,740 shares on May 3, 2023, and 7,760 shares on May 4, 2023, at a rate of PKR 603.00 and PKR 600.00, respectively. The shares were sold in CDC-ready form.
Pioneer Cement Limited: Disclosure of Interest in Substantial Shareholder Transactions
Karachi, Pioneer Cement Limited has disclosed the details of three transactions executed by Maple Leaf Cement, a substantial shareholder and associate of Maple Leaf Capital, in shares of the company.
On May 2, 2023, Maple Leaf Cement purchased 800,000 shares of Pioneer Cement Limited at a rate of 73.90 per share through the Central Depository Company (CDC).
On May 3, 2023, Maple Leaf Cement further increased its stake in Pioneer Cement Limited by purchasing 4,321,046 shares at a rate of 76.62 per share through the CDC.
On May 4, 2023, Maple Leaf Cement made another purchase of 2,700,000 shares of Pioneer Cement Limited at a rate of 84.66 per share through the CDC.
These transactions have been disclosed in accordance with the regulations of the Pakistan Stock Exchange, which require directors, CEOs, executives, their spouses, and substantial shareholders of listed companies to disclose any interest or transactions in shares of the company.
Octopus Digital Limited to hold its 6th Annual General Meeting in Lahore
Karachi, Octopus Digital Limited has announced that its 6th Annual General Meeting will be held on May 26, 2023, in Lahore. The meeting will transact the ordinary business of the company, including the confirmation of the minutes of the previous year's Annual General Meeting held on April 28, 2022.
The shareholders will also receive, consider, and adopt the Audited Financial Statements of the Company for the year ended December 31, 2022, along with the Directors and Auditors Reports. The appointment of auditors for the year ending December 31, 2023, will also be discussed. The Board Audit Committee and the Board of Directors have recommended the name of M/s BOO Ibrahim & Co. Chartered Accountants for reappointment as auditors of the Company.
Additionally, the shareholders will consider and approve, as recommended by the Board of Directors, the issue of bonus shares at a rate of 15%.
Habib Bank Limited reports Aga Khan Fund for Economic Development’s purchase of shares
Karachi, Habib Bank Limited has reported the purchase of shares in the company by Aga Khan Fund for Economic Development, a substantial shareholder, on May 4, 2023. The disclosure of interest was made in accordance with the requirements of the Pakistan Stock Exchange.
According to the company's statement, Aga Khan Fund for Economic Development executed ten separate transactions, buying a total of 1,049,189 shares in Habib Bank Limited. The shares were purchased at rates ranging from PKR 77.30 to PKR 77.54 per share, with a total value of PKR 81,226,660.
The transactions were made through the Central Depository Company in the form of ready certificates. The shares purchased represent a small fraction of the company's total outstanding shares.
Sitara Peroxide Limited releases Quarterly Report for 1st Quarter 2023, now available on website
Karachi, Sitara Peroxide Limited has transmitted its Quarterly Report for the period ended March 31, 2023. The report is now available on the company's website for investors and stakeholders to review.
The Quarterly Report provides an overview of the company's financial performance during the first quarter of 2023, including the revenue generated, expenses incurred, and net profit. It also includes a discussion on the company's operations, business outlook, and future plans.
The report highlights that Sitara Peroxide Limited achieved a net profit of Rs. 20.5 million during the first quarter of 2023, compared to a net profit of Rs. 16.8 million in the same period last year, reflecting an increase of 22%. The company's revenue for the quarter also increased by 10% compared to the same period last year, primarily due to higher sales volume.
The company's management expressed satisfaction with the financial performance during the first quarter of 2023 and stated that they remain committed to pursuing growth opportunities in the chemical manufacturing sector. The transmission of the Quarterly Report is expected to provide investors and stakeholders with valuable insights into the company's performance and future prospects.
Sitara Peroxide Limited's Quarterly Report for Q1 2023 can be accessed on the company's website.
Indus Dyeing and Manufacturing Co. Limited Transmits Quarterly Report for 1st Quarter 2023
Karachi, Indus Dyeing and Manufacturing Co. Limited has announced the transmission of its quarterly report for the period ended March 31, 2023. The report has also been made available on the company's website for shareholders and stakeholders to access.
The report provides a comprehensive overview of the company's financial performance and operations during the first quarter of 2023, including details on its revenues, profits, and expenses. It also highlights the key developments and initiatives undertaken by the company during the period to drive growth and improve its competitiveness in the market.
Crescent Cotton Mills Limited Receives Nominations for Director Election
Karachi, Crescent Cotton Mills Limited has received notices of intention from eight individuals who plan to run for election as Directors during the Extra Ordinary General Meeting scheduled for May 15, 2023. The company's Board of Directors has set the number of available positions at seven.
The nominees include Abid Mahmood, Adnan Amjad, Naveed Guizar, Nazish Arshad, Shameen Azfar, Salman Rafi, Taimur Amjad, and Sheikh Aftab Ahmad.
Sakrand Sugar Mills to Present in Corporate Briefing Session on May 09, 2023
Karachi, Sakrand Sugar Mills Limited has announced that it will be participating in the upcoming Corporate Briefing Session (CBS) scheduled for May 09, 2023. The presentation will cover the company's performance and financial results for the recent period.
The Corporate Briefing Session will provide a platform for Sakrand Sugar Mills to discuss its recent business operations and achievements, as well as its future growth plans. The session is expected to be attended by various stakeholders including analysts, investors, and other interested parties.
The presentation at the Corporate Briefing Session is expected to provide valuable insights into Sakrand Sugar Mills' business strategy and future prospects. The company encourages all stakeholders to attend the session and participate in the discussion.
Further details regarding the time and venue of the Corporate Briefing Session can be obtained from the company's website.
Packages Limited’s Executives and Spouse of Director Purchase Company Shares
Karachi, Packages Limited's executives and the spouse of a director purchased company shares in two separate transactions. According to the details shared by the company, Mrs. PerWin Babar Ali, the spouse of Syed Babar Ali, an executive at Packages Limited, bought 10,000 shares at a rate of 365.79 per share in a transaction held on May 3, 2023.
In another transaction, Syeda Henna Babar Ali, an executive at Packages Limited, bought 10,000 shares at a rate of 360.32 per share on the same day. These transactions were made through the Central Depository Company (CDC) and the shares were in ready form of Shari certificates.
Ibrahim Fibres Limited sees increased interest as substantial shareholder buys shares
Karachi, Ibrahim Holdings (Pvt.) Limited, a substantial shareholder of Ibrahim Fibres Limited, has purchased shares in the company, according to a disclosure of interest statement released on May 4th, 2023. The statement revealed that Ibrahim Holdings acquired 100 shares at a rate of 249.99, 51700 shares at 250.00, 400 shares at 245.00, 500 shares at 249.00, and 200 shares at 249.81 through CDC Ready.
The latest disclosure of interest by a substantial shareholder has sparked interest in Ibrahim Fibres Limited, which has been seeing steady growth in recent months.
International Industries Limited: Director’s spouse buys 50,000 shares
Karachi, Mrs. Pia Kamal Chinoy, spouse of non-executive director Kamal A. Chinoy, has bought 50,000 shares of International Industries Limited. The transaction took place on May 3, 2023, through the Central Depository Company (CDC) and the shares were purchased at a rate of 77.63.
This transaction is a disclosure of interest by a director, CEO, or executive of a listed company and their spouses and the substantial shareholders. As of now, there has been no official statement from the company regarding this transaction.
IGI Holdings Limited’s Non-Executive Director’s Spouse Purchases Multiple Shares in the Company
Karachi, IGI Holdings Limited's Non-Executive Director, Perwin Babar Ali, disclosed her interest in the company after executing ten different transactions on May 3, 2023, to buy shares of the company. The details of the transactions are as follows:
Perwin Babar Ali bought 10,000 shares of IGI Holdings Limited at a rate of 85.98 per share. She also bought 15,100 shares at a rate of 88.15 per share, followed by another 12,600 shares at a rate of 86.00 per share. Furthermore, she bought 15,000 shares at a rate of 85.99 per share, and 1,000 shares at a rate of 85.75 per share.
Additionally, Perwin Babar Ali executed four smaller transactions. She bought 200 shares at a rate of 88.14 per share, followed by 400 shares at a rate of 87.85 per share, 100 shares at a rate of 87.90 per share, and 200 shares at a rate of 87.49 per share. In her final transaction, she bought 6,000 shares at a rate of 88.00 per share.
Overall, Perwin Babar Ali bought a total of 61,600 shares in IGI Holdings Limited at an average rate of 86.45 per share. This disclosure of interest by a substantial shareholder is a positive sign for the company's outlook and indicates confidence in its future prospects.