Day: October 9, 2024

Power Cement Completes Major Share Conversion Initiative

Karachi: Power Cement Limited has successfully completed the conversion of 101,000 voting, cumulative, convertible preference shares into 134.66 million ordinary shares at PKR 10 each during the period from October 18, 2023, to July 18, 2024. This mas…

Alfalah Investments Completes Rebalancing of Consumer Index ETF

Karachi: Alfalah Investments has announced the completion of a rebalancing process for its Alfalah Consumer Index ETF (ACIETF), effective October 9, 2024. This adjustment aligns with the regulatory guidelines of the Securities Act, 2015, Clause 5.6.1(…

Descon Oxychem Limited Schedules Q1 Review Meeting in Lahore

Lahore: Descon Oxychem Limited has announced its upcoming Board of Directors meeting scheduled for October 17, 2024, at Lahore. The agenda primarily includes the review of the first Quarterly Accounts for the period ending September 30, 2024.

The me…

Habib Bank Executive Sells Shares, Discloses Transactions to PSX

Karachi: Habib Bank Limited (HBL) has reported a series of share sales by Mr. Zahid Aftab GM, an executive of the bank. According to a document submitted to the Pakistan Stock Exchange, the transactions were carried out on October 7, 2024.

According…

Faran Sugar Mills Announces Rights Issue Details

Karachi: Faran Sugar Mills Limited has circulated a draft offer document detailing the terms of its proposed rights share issuance, aimed exclusively for shareholder review and comments.

The document outlines the issuance process and shares availabl…

Colony Textile Mills Limited Board Performance Update

Karachi: Colony Textile Mills Limited has effectively navigated the challenges of the 2023-2024 financial year under a proactive Board of Directors. The Annual General Meeting held on October 27, 2023, saw the election of Directors and subsequent reco…