Jahangir Siddiqui Increases Stake in His Company

Karachi, Jahangir Siddiqui & Co. Ltd. has announced a significant acquisition of its Class 'A' Preference Shares by its namesake, Mr. Jahangir Siddiqui, enhancing his total shareholding. According to information available from the Pakistan Stock Exchange (PSX), Mr. Siddiqui purchased an additional 11,500 shares, bringing his total ownership to 75,838,661 shares as of May 23, 2024.

The shares were bought over two days, with transactions on May 22, where 10,000 shares were acquired at a price of 6.75 per share, and on May 23, an additional 1,500 shares were bought—1,000 at the same price of 6.75 and 500 shares at a price of 6.85. All shares were purchased in electronic form through the Central Depository Company (CDC) in ready market transactions.

This strategic acquisition follows the disclosure requirements under clause 5.6.4 of the Rule Book of the Pakistan Stock Exchange Limited. The company, located at The Centre on Abdullah Haroon Road in Karachi, communicated these details through its Company Secretary, Muhammad Babar Din.

HBL Growth Fund Reports Significant Annual Gain

Karachi, The HBL Growth Fund (HGFA) has reported a notable annual increase of 12%, as announced in June. According to information available from the Pakistan Stock Exchange (PSX), the fund's net asset value has reached 2,835.00 with a volume of 3,782,000 shares traded. The fund is priced at 7.05 and will pay dividends on July 6, 1980.

Pakistan Cash Management Fund Provides Strong Payouts

Karachi, The Pakistan Cash Management Fund, listed in 2009, has demonstrated strong payouts with an offering price of 51.04 and a redemption price of 50.47. According to information available from the Pakistan Stock Exchange (PSX), the fund distributed Rs 4.07 per unit in 2022 and projects Rs 2.3168 per unit for 2023. The fund's financial year ends in June, offering reliable cash management solutions to its investors.

Tri-Star Mutual Fund Reports No Annual Dividends

Karachi, Tri-Star Mutual Fund (TSMF) has reported no dividends for the year as of June, according to information available from the Pakistan Stock Exchange (PSX), The fund has a net asset value of 50.00 and has traded 252,000 shares. The fund price is 4.90, and it reported a negative performance of -3.26% as of October 23, 1994.

UBL Asset Allocation Fund Outperforms with High Returns

Karachi, The UBL Asset Allocation Fund, introduced in 2013, stands out with an offering price of 178.75 and a redemption price of 172.89. According to information available from the Pakistan Stock Exchange (PSX), the fund reported a 7.34% distribution for 2022. Its financial year ends in June, positioning it as a leading choice for investors seeking diversified asset allocation.

B.F. Modaraba Reports Negative Closing Price in June

Karachi, B.F. Modaraba disclosed a closing price of PKR -0.80 per share for June. The company posted a net tangible asset value of PKR 75.15, with a trading volume standing at 500 shares. The highest share price reached PKR 6.4, while the lowest was PKR 4.5. According to information available from the Pakistan Stock Exchange (PSX), this reflects a decrease from the previous period. The firm was listed on the PSX on October 21, 1989.

Constellation Modaraba 1st NC Posts June Financial Metrics

Karachi, Constellation Modaraba 1st NC reported a net tangible asset value of PKR 64.62 this June, with no trading activity recorded for the month. According to information available from the Pakistan Stock Exchange (PSX), this positions the company uniquely among its peers. It has been listed on the stock exchange since October 21, 1991.

JS Growth Fund Records Significant Distribution

Karachi, The JS Growth Fund, listed since 2013, has declared a distribution of Rs 12.00 per unit for the year 2022. According to information available from the Pakistan Stock Exchange (PSX), The fund offers an offering price of 233.54 and a redemption price of 225.88 as of June.

Equity Modaraba 1st Records June Financials

Karachi, Equity Modaraba 1st NC posted a net tangible asset value of PKR 524.40 for June, with no dividends or distributions announced. The trading volume for the month stood at 500 shares, peaking at PKR 4.07 and bottoming at PKR 2.9 per share. According to information available from the Pakistan Stock Exchange (PSX), this modaraba has been on the PSX since December 9, 1992.

JS Income Fund Announces High Distribution Rate

Karachi, The JS Income Fund, operational since 2002, announced a distribution of Rs 13.00 per unit for 2022, maintaining an offering price of 106.58 and a redemption price of 104.22. According to information available from the Pakistan Stock Exchange (PSX), The fund's consistent performance is notable since its inception.

Habib Modaraba 1st Announces Significant Dividend and Positive Price Movement

Karachi, Habib Modaraba 1st disclosed a robust net tangible asset value of PKR 1,108.31 for June, announcing a 20% cash and 20% stock dividend. The trading volume was significant at 500 shares, with the share price reaching a high of PKR 8.99 and a low of PKR 6.81. According to information available from the Pakistan Stock Exchange (PSX), the closing price was PKR 2.34 per share. The company has been listed since October 17, 1985.

JS Islamic Daily Dividend Fund Maintains Prices

Karachi, The JS Islamic Daily Dividend Fund, established in 2021, maintains stable pricing with an offering price of 101.13 and a redemption price of 100 as of June. According to information available from the Pakistan Stock Exchange (PSX), The fund has not announced any distributions for 2022.