Day: March 14, 2024

Karachi, The HBL Total Treasury ETF (HBLTETF), listed in 2022, demonstrated solid returns with a trading price of 115.45 RS and a nearly identical daily weighted average rate of 115.44 RS on the Pakistan Stock Exchange. The ETF, with a substantial fund size of 555.005 million RS and a 100 market lot, achieved a turnover of 2,611,900. It offered a 14% distribution, showing a strong appeal to investors seeking stable income. With a January-February high of 114.5 RS and a low of 111.1 RS, the ETF's iNAV stands at 115.275, underscoring its consistent performance and reliability.

Karachi, Gatron Industries Limited has successfully concluded its rights issue process, according to information from the Pakistan Stock Exchange. Trading in the company's right shares commenced on February 16, 2024, with the last trading date set for March 8, 2024. Shareholders were given until March 15, 2024, to renounce or make payment for their rights shares. The rights issue was priced at a premium of PKR 165.00 per share.

Karachi, Avanceon Limited (Ticker: AVN) has declared a 15% bonus distribution for its shareholders. The technology firm's share price stood at Rs. 52.91, with trading volumes reflecting a turnover of 52,222,786 shares. Throughout January and February 2024, Avanceon's shares hit a high of Rs. 61.2 and a low of Rs. 46.11. The company, which went public in 2014, has a paid-up capital amounting to Rs. 3,772.93 million and observes its financial year ending in December.

Karachi, Tariq Corporation Limited has detailed its rights issue process, with trading in the rights to commence on February 23, 2024. The last date for trading is March 15, 2024, while shareholders must complete their payments or renunciations by March 22, 2024. The rights shares are being issued at a premium of PKR 5.00 each.

Karachi, Hallmark Company (Ticker: HCL), with a nominal share price of Rs. 5.00, reported minimal trading activity, marking a turnover of just 2,300 shares. The stock reached a high of Rs. 376.1 and a low of Rs. 263 in the trading period of January-February 2024. Established in 1982, Hallmark Company, which ends its fiscal year in June, did not announce any dividend or bonus for the year 2022/2023, maintaining a paid-up capital of Rs. 5 million.

Karachi, Jahangir Siddiqui & Co. has announced a 15% rights issue for its preference shares. This move is part of the company's efforts to raise additional capital. Details regarding the trading period and payment dates have not been disclosed.

Karachi, Hum Network Ltd (Ticker: HUMNL) declared a 35% cash and 20% bonus distribution for its shareholders, with the company's shares trading at Rs. 6.60. The media company's shares saw a high of Rs. 7.29 and a low of Rs. 6, resulting in a turnover of 107,042,500 shares. Listed in 2005, Hum Network has a paid-up capital of Rs. 1,134.00 million and follows a June fiscal year-end.

Karachi, In an unprecedented move, Meta Tech Health Limited has proposed a 550% rights issue. This significant percentage indicates the company's aggressive strategy to expand its capital base and finance its growth ambitions. Further details on the trading and payment schedule for this rights issue are awaited.

Karachi, HBL Growth Fund - (A) NC (HGFA), a closed-end mutual fund, announced a 12% distribution for the period of January-February 2024, according to the latest financial announcements provided by the Pakistan Stock Exchange (PSE). The fund, which has a paid-up capital of Rs. 2,835.00 million, reported a daily weighted average rate of Rs. 7.26. The year-ending in June witnessed a significant activity with a high rate of Rs. 9.45 and a low rate of Rs. 6.01, culminating in a turnover of 1,679,500. The fund, listed since 1980, will have its next book closure on 06/07, maintaining its market lot at 500.

Karachi, LSE Proptech Ltd (Ticker: LSEPL), a newcomer to the Pakistan Stock Exchange in 2023, traded at Rs. 3.51 per share. The company experienced a share price high of Rs. 4.25 and a low of Rs. 3, with a total turnover of 1,189,000 shares. With a paid-up capital of Rs. 900.91 million, LSE Proptech did not announce any dividend or bonus for the fiscal year ending in June 2022/2023.

Karachi, Tri-Star Mutual Fund NC (TSMF), reported no distribution for January-February 2024, as revealed in the latest financial disclosures to the Pakistan Stock Exchange. Holding a paid-up capital of Rs. 50.00 million, TSMF achieved a daily weighted average rate of Rs. 50.00. The fund experienced a trading range with a high of Rs. 5.5 and a low of Rs. 4.00, leading to a turnover of 117,500. Despite not announcing any distribution for the period, Tri-Star Mutual Fund, listed since 1994, indicates a forthcoming book closure on 23/10, with a market lot set at 500.

Karachi, Media Times Ltd (Ticker: MDTL) saw its shares trading at Rs. 1.66, with a high of Rs. 2.23 and a low of Rs. 1.1, leading to a turnover of 49,888,000 shares. The company, which ended its fiscal year in June, has a paid-up capital of Rs. 1,788.51 million but did not declare any dividend or bonus for the year 2022/2023. Media Times has been listed since 2009.

Karachi, B.F. Modaraba (BFMOD), with a listing year of 1989 on the Pakistan Stock Exchange, announced no distributions for the financial year ending in June 2023. The daily weighted average rate stood at Rs. 75.15. For the months of January to February 2024, B.F. Modaraba recorded an EPS of Rs. 5.8, a slight increase from the previous year's Rs. 5.5. The company saw a turnover of 12,000 during this period.