Karachi, Attock Cement Pakistan Ltd. (ACPL), a notable entity in the cement sector, reported an impressive daily weighted average rate of Rs. 93.18, with a paid-up capital of Rs. 1,374.27 million. The company announced an increase in dividends over the years, moving from 35% in 2022, to 60% in 2023, and a 25% interim dividend for 2024, based on a par value of Rs. 10. The market lot remained steady at 1. The turnover for January to February 2024 was 5,400,163, with an earnings per share (EPS) of Rs. 11.03 for the fiscal year 2022/2023. Attock Cement's consistent growth and financial performance solidify its position within the Pakistan Stock Exchange.
Mirpurkhas Sugar Mills Ltd. Announces Rights Issue
Mirpurkhas, Details regarding the rights issue or annual general meeting for Mirpurkhas Sugar Mills Ltd. have not been provided, except for a 42.957% rights issuance indicated for the period with the book closure starting on March 22, 2024.
BankIslami Pakistan Limited Announces Closure Dates for Transfer Books
Karachi, BankIslami Pakistan Limited has notified the Pakistan Stock Exchange (PSE) of the closure of its transfer books on March 29, 2024, to March 30, 2024. The closure applies to both BIPLSC and BIPLSC2 entities. This step is part of the company's regular financial and corporate governance practices. No dividends, bonuses, or rights shares were announced in conjunction with this closure. Stakeholders are advised to note the dates for their records.
Pakistan Stock Exchange Introduces E-Verification Service for Auditors’ Reports
Karachi, The Pakistan Stock Exchange (PSX) announced the introduction of an E-Verification Service for the authenticity of auditors' reports through the deployment of the "Verify UDIN" portal. This initiative, aimed at enhancing transparency and reliability in financial reporting, is a result of a collaboration with the Institute of Chartered Accountants of Pakistan (ICAP). The announcement was made public via a letter reproduced for stakeholders, dated February 28, 2024, under the reference ICAP/MEM/012689/111393.
The new service will allow for the verification of the Unique Document Identification Number (UDIN) attached to auditors' reports, a measure that is expected to significantly reduce the risk of fraudulent financial documentation within the marketplace. This step is part of PSX's ongoing efforts to strengthen the integrity of financial disclosures and increase investor confidence in the financial markets of Pakistan.
The Trading and TREC Affairs Department of PSX, reachable at their universal access number +9221 111-00-11-22 or via email at info@psx.com.pk, is designated as the contact point for all inquiries related to the E-Verification Service. Further information can also be accessed through the PSX website at psx.com.pk.
Pakistan Stock Exchange Introduces E-Verification Service for Auditors’ Reports
Karachi, The Pakistan Stock Exchange (PSX) announced the introduction of an E-Verification Service for the authenticity of auditors' reports through the deployment of the "Verify UDIN" portal. This initiative, aimed at enhancing transparency and reliability in financial reporting, is a result of a collaboration with the Institute of Chartered Accountants of Pakistan (ICAP). The announcement was made public via a letter reproduced for stakeholders, dated February 28, 2024, under the reference ICAP/MEM/012689/111393.
The new service will allow for the verification of the Unique Document Identification Number (UDIN) attached to auditors' reports, a measure that is expected to significantly reduce the risk of fraudulent financial documentation within the marketplace. This step is part of PSX's ongoing efforts to strengthen the integrity of financial disclosures and increase investor confidence in the financial markets of Pakistan.
The Trading and TREC Affairs Department of PSX, reachable at their universal access number +9221 111-00-11-22 or via email at info@psx.com.pk, is designated as the contact point for all inquiries related to the E-Verification Service. Further information can also be accessed through the PSX website at psx.com.pk.