Day: November 21, 2023

Fauji Foods Reveals Potential Acquisition Plans

Karachi, (PPI Bot): Fauji Foods Limited, a prominent player in the Pakistani food industry, has disclosed its potential interest in acquiring Fauji Foundation’s equity stake in Fauji Infraavest Foods Limited and the cereal business operating under the…

KASHF FOUNDATION ISSUES 4-YEAR TFC

Karachi, (PPI Bot): Kashf Foundation has issued a 4-year Term Finance Certificate (TFC) with the symbol KFTFC1. This TFC has a face value of Rs. 1,000,000 and offers a profit rate of 3M KIBOR + 2.25%. The total issue size is Rs. 2 billion, with an out…

Crescent Star Insurance Records Modest Performance in 2023

Karachi, (PPI Bot): Crescent Star Insurance Ltd. (CSIL), listed in 1957, has recorded a modest performance for the year 2023. The company’s closing rate stood at Rs. 2.27, with a paid-up capital of Rs. 1,076.95 million. In 2023, CSIL did not announce …

Orient Rental Modaraba Announces Corporate Briefing Session

Karachi, (PPI Bot): Orient Rental Modaraba is set to hold a Corporate Briefing Session for the financial year ending June 30, 2023. The session is scheduled for Friday, November 24, 2023, at 10:00 am and will take place at the registered office of its…

MUGHAL IRON & STEEL INDUSTRIES LIMITED SUKUK MATURES SOON

Karachi, (PPI Bot): Mughal Iron & Steel Industries Limited has made public its 5-year Sukuk issuance under the symbol MUGHALSC. Each Sukuk is valued at Rs. 1,000,000 with a profit rate of 3M KIBOR + 1.3%. The total issue size is Rs. 3 billion, wit…

Dewan Farooque Spinning Reports Negative EPS in 2023

Karachi, (PPI Bot): Dewan Farooque Spinning (DFSM) recorded a closing rate of Rs. 2.72 and a daily weighted average rate of Rs. 2.79 for 2023. The company, with a paid-up capital of Rs. 977.51 million and listed in 2005, did not declare dividends in r…

WorldCall Telecom Limited Achieves NASDAQ Listing Milestone

Karachi, (PPI Bot): WorldCall Telecom Limited (WTL) has reached a significant milestone in its journey towards a NASDAQ listing through its subsidiary, WorldCall Services (Pvt) Limited (WSL). The company has informed the Pakistan Stock Exchange (PSX) …