Day: March 19, 2024

Karachi, In a recent financial transaction disclosed to the Pakistan Stock Exchange (PSE), Modaraba Al Mali, a substantial shareholder in LSE Ventures Limited, has acquired 350,000 shares of the company. The transaction took place on March 15, 2024, with shares purchased at a rate of 4.46 per share. The shares were acquired in the ready market and were documented through the Central Depository Company (CDC).

This significant transaction underscores the active engagement of substantial shareholders in the operations and financial movements within LSE Ventures Limited. The company has confirmed that this transaction will be reviewed in the subsequent board meeting. This review will include an examination of any non-compliances as per clause No.5.6.4 of the PSX Regulations. The findings and the details of the transaction will be duly presented for consideration and confirmation to the Exchange as mandated.

The announcement serves to keep the market participants informed about the significant financial activities involving the key stakeholders of LSE Ventures Limited, ensuring transparency and adherence to the regulatory requirements set forth by the Pakistan Stock Exchange.

Karachi, The Pakistan Stock Exchange recorded different closing prices for Agha Steel Industries' shares on March 19, 2024, reflecting a day of varied trading activity. For its main stock listing, AGHA, the company observed an opening price of 11.5 and a closing price of 11.65, with the stock fluctuating between a low of 11.16 and a high of 11.32 throughout the trading session. The total shares traded for AGHA were 722,439, ending the day at a closing price of 11.44.

In contrast, Agha Steel's future contracts showed no trading activity for April (AGHA-APR) and May (AGHA-MAY), with both listing at an opening and closing price of 0, yet having specified closing prices of 11.76 and 12.05 respectively without any traded shares.

However, the March future contract for Agha Steel (AGHA-MAR) indicated a more active market, opening at 11.65 and reaching a closing peak of 12.38. The day's trading saw the stock's price vary from 11.45 to 11.98, with a total of 44,500 shares changing hands, concluding at a closing price of 11.65.

Lahore, Kohinoor Textile Mills Ltd. (KTML), a prominent player in the textile composite sector, disclosed its earnings for the period of January to February 2024, with an Earnings Per Share (EPS) of 8.05. The company has announced a dividend payout of 10%, with a daily weighted average rate of 82.65 and a turnover of 609,244. The paid-up capital stands at Rs. 2,692.99 million. Kohinoor Textile Mills, listed on the Pakistan Stock Exchange since 1971, maintains its market lot at 10 shares, without any changes to the previous year’s book closure.

Karachi, In the recent trading session on the Pakistan Stock Exchange (PSE), Agritech Limited demonstrated significant stock performance across various futures. On 19 March 2024, the company's shares witnessed an appreciable movement in their trading values.

The ordinary shares of Agritech Limited (AGL) opened at PKR 17.75 and closed at PKR 19.03 after reaching a low of PKR 17.38 and a high of PKR 18.79. Throughout the trading day, a total of 3,760,500 shares were exchanged, with the closing price slightly below the high at PKR 17.7.

Meanwhile, the company's April futures (AGL-APR) did not see any trading activity but noted a potential high of PKR 19.31, setting the closing price at PKR 18.2.

For March futures (AGL-MAR), Agritech Limited started at PKR 17.7 and closed higher at PKR 19.09, peaking at PKR 18.9 after a low of PKR 17.6. The trading volume for these futures was substantial, with 3,460,000 shares changing hands and concluding at a closing price of PKR 17.76.

Lastly, the May futures (AGL-MAY) also remained static in terms of trading activity but recorded a prospective high of PKR 19.78, with the closing price determined at PKR 18.65.

Multan, Mahmood Textile Mills Ltd. (MEHT), with a significant footprint in the textile industry, has reported an impressive Earnings Per Share (EPS) of 40.06 for the January-February 2024 period. The company declared a substantial 100% dividend alongside a 60% bonus, underscoring its strong performance. The daily weighted average rate was recorded at 401.84, with a turnover of 3,350. The company’s paid-up capital is Rs. 300 million. Established in 1973 and listed on the Pakistan Stock Exchange, Mahmood Textile Mills indicates a market lot size of 50 shares.

Karachi, The Pakistan Stock Exchange (PSE) closed on 19 March with varied performance for different series of Alfalah Consumer ETFs, reflecting specific price movements on the day.

The Alfalah Consumer ETF (ACIETF) remained steady with its opening and closing price both at 9.74, despite slight fluctuations during the trading session. The stock hit a low of 9.69 before reaching a high at the same level, with a total of 240,000 shares traded by the day's end, culminating in a closing price of 9.83.

In contrast, the Alfalah Consumer ETF for April (ACIETF-APR) did not see any trading activity, with its prices remaining at zero throughout the session. Nevertheless, it was listed with a high of 9.96, setting its closing price at 10.11, indicating potential market expectations.

Similarly, the Alfalah Consumer ETF for March (ACIETF-MAR) also experienced no trading, maintaining zero in its price metrics. However, it registered a closing high of 9.76, with its closing price noted as 9.91.

Furthermore, the Alfalah Consumer ETF for May (ACIETF-MAY) followed suit with no trades conducted, displaying no change in its opening and closing prices. It recorded a high of 10.2, with the closing price reaching 10.35, reflecting the anticipation for the forthcoming months.

Faisalabad, Masood Textile Mills NC (MSOT), a key entity in the textile sector, reported an Earnings Per Share (EPS) of 38.54 for the January-February 2024 timeframe. The company declared no dividend for this period, with a daily weighted average rate of 675.00 and a turnover of 37,500. Masood Textile Mills has a paid-up capital of Rs. NIL million and has been a part of the Pakistan Stock Exchange since 1988, with a market lot of 500 shares.

Karachi, In the latest trading session on the Pakistan Stock Exchange (PSE), Al-Shaheer Corporation (ASC) witnessed fluctuating closing prices across different stock categories, as detailed in the market summary for 19 March 2024.

Al-Shaheer Corp, under the company code ASC and numbered 810, opened at a price of 9.5 and closed at 9.94. Throughout the trading day, the stock fluctuated between a low of 9.4 and a high of 9.67, with a total of 677,732 shares traded, closing at a price of 9.44.

In a special category, Al-Shaheer Corp's April stocks, identified as ASC-APR with company number 40, did not witness any opening or closing trades. The stock reached a high of 9.94 during the session but ended with a closing price of 9.71 without any shares traded.

The March stocks of Al-Shaheer Corp, marked as ASC-MAR and also numbered 40, opened at 9.58 and saw a closing price of 9.9. The stock's value ranged from a low of 9.01 to a high of 9.8 throughout the day, with 57,000 shares changing hands, ultimately settling at a closing price of 9.58.

Furthermore, the May stocks of the company, listed as ASC-MAY and bearing the number 40, remained inactive in terms of trading, displaying no opening or closing transactions. However, the stock reached a session high of 10.18, concluding with a closing price of 9.94.

Karachi, Attock Petroleum Limited (APL) recorded noticeable trading activity on the Pakistan Stock Exchange on March 19, 2024, demonstrating significant movements in its stock prices throughout the day. The company, recognized by its code APL, witnessed its shares opening at a price of 394.8 and closing at a higher note of 402.47. The stocks fluctuated between a low of 386.68 and a high of 398 during the trading session, with a total of 168710 shares changing hands. The closing price was notably marked at 388.93.

Parallel to the primary stock, Attock Petroleum's additional trading instruments indicated varied activities. The APL-APRB, despite not having an opening or closing price recorded, touched a high of 408.91 with a corresponding closing figure of 399.88, implying some level of trading interest or adjustments. Similarly, APL-MARB and APL-MAY, other instruments tied to the company, did not display opening or closing trades but showed specific high points of 400.87 and 418.97, respectively. Their final closing prices were listed as 397.98 for APL-MARB and 409.7 for APL-MAY, suggesting fluctuations and investor engagements with these particular instruments.