Day: November 10, 2023

Atlas Islamic Fund of Funds Offers Diverse Islamic Plans

Karachi: Atlas Islamic Fund of Funds, operational since 2019, provides various Islamic investment plans. The Aggressive Allocation Islamic Plan had a price of Rs. 687.93, while the Conservative Allocation Islamic Plan was priced at Rs. 647.01. The Mod…

Asia Insurance Co. Ltd. Witnesses Modest Performance

Karachi: Asia Insurance Co. Ltd. (ASIC), listed since 1980, closed at Rs. 14.11. The company declared a 3%10%B distribution in 2021 but did not announce any for the following years. The company’s daily weighted average rate and paid-up capital data we…

Hala Enterprises Ltd. Reports No Distributions in 2023

Karachi: Hala Enterprises Ltd. (HAEL), listed since 1991, closed at Rs. 17.85. The company reported no distributions for the years 2021, 2022, and 2023. With a paid-up capital of Rs. 2,974 million, HAEL’s daily weighted average rate was Rs. 20.99, sho…

Summit Bank Limited Proposes Rights Issue at 11.2443%

Karachi: Summit Bank Limited has announced a proposed rights issue at the rate of 11.2443%, according to a recent financial disclosure to the Pakistan Stock Exchange. The bank is aiming to strengthen its capital through this rights issue, which will a…

Shadman Cotton Mills Ltd. Records Steady Performance on PSE

Karachi: Shadman Cotton Mills Ltd., listed as SHCM, closed at Rs. 13.00 as of November 10, 2023. The company, following a June year-end, did not announce any distributions for 2021, 2022, and 2023. SHCM, with a paid-up capital of Rs. 500 million, reco…

Alhamra Cash Management Optimizer Debuts in 2023

Karachi, (PPI Bot): Alhamra Cash Management Optimizer, a new entrant in the open-end mutual funds market, debuted in 2023. The fund, focused on cash management strategies, did not provide specific details on its offer and redemption prices or distribu…

Sui Northern Gas Pipelines Limited Receives SECP Extension for AGM

Karachi: Sui Northern Gas Pipelines Limited has been granted an extension until the 27th of November, 2023, by the Securities and Exchange Commission of Pakistan (SECP) to hold its Annual General Meeting (AGM), which was initially scheduled for the 30…

Chakwal Spinning Mills Limited AGM Extended by SECP

Karachi: Chakwal Spinning Mills Limited will hold its AGM by the extended deadline of the 27th of November, 2023, as per the extension granted by the SECP. The AGM was originally scheduled for the 30th of June, 2023.