Category: Business Letters

Karachi, National Refinery Limited informed Pakistan Stock Exchange about transaction of shares of the company. 21 shares @ Rs. 0.00 per share were gift-in on July 15, 2021.

National Refinery Limited is a company incorporated in Pakistan on August 19, 1963 as a public limited company. The foundations of the company are laid under the Companies Ordinance, 1984. The company is engaged in the manufacturing, production and sale of large range of petroleum products. The refinery complex of the company comprises of three refineries consisting of two lube refineries, commissioned in 1966 and 1985, and a fuel refinery added to the complex in 1977. The shares of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges in Pakistan. The registered office of the company is located at Karachi.

The symbol “NRL” is being used by the stock exchanges for the shares of National Refinery Limited.

Karachi, Bank Al-Falah Limited informed Pakistan Stock Exchange about transaction of shares of the company. 1,175,000 shares @ Rs.32.00 per share were bought from the market on July 14, 2021, 25,000 shares @ Rs32.02 per share were bought from the market on July 14, 2021 and 75,335 shares @ Rs. 32.05 per share were bought from the market on July 14, 2021 through CDC.

Bank Alfalah Limited is a Public Interest Company, was incorporated in Pakistan as a Public Limited Company on June 21, 1992. Bank Alfalah has international presence as well and working in Afghanistan, Bangladesh, Bahrain and the UAE. The Bank also has a representative office in Abu Dhabi. Bank Alfalah is owned and operated by the Abu Dhabi Group.

They provides financial solutions to consumers, corporations, institutions and governments for products and services, including corporate and investment banking, consumer banking and credit, securities brokerage, commercial, SME, agri-finance, Islamic and asset financing solutions.

The symbol “BAFL” is used in respect of the shares of the Bank.

The number of shares the company has introduced are 1,777,165,119. The Earnings per shares has decreased in 2020 and is 5.89 which was 7.15 in 2019. The profit after taxation in 2020 is 10,474,910,000 compare to 12,695,517,000 in 2019.

Karachi, Dadex Eternit Limited informed Pakistan Stock Exchange that Mr. Samad Dada has been appointed as Chief Executive Officer of the Company with effect from July 15, 2021 in place of Mr. Qazi Sajid Ali.

Dadex Eternit Limited is a limited liability company incorporated in Pakistan on April 13, 1959 as a public limited company under the Companies Ordinance, 1984. Sikander Private Limited is the holding company which represents 63.18% shares of the company. The principal business activities of the company include manufacturing and sale of construction material which includes piping systems and other allied products manufactured from chrysotile cement, rubber and plastics, merchandising of imported pipe fittings, accessories and other building products. The shares of the company are quoted on the Karachi Stock Exchange of Pakistan. The registered office of the company is located in Karachi. The company operates with three factories located Karachi, Hyderabad and Lahore.

The company has a rubber plant located within Karachi which produces rubber rings to meet the international standards. Besides this the company is also associated with providing irrigation solutions for agriculture and landscaping.

The symbol “DADX” is being used by the stock exchanges for the shares of Dadex Eternit Limited.

Karachi, Gul Ahmed Textile Mills Limited informed Pakistan Stock Exchange that they have credited the 20% interim Bonus Shares announced on April 27, 2021 to the CDC Shareholders respective accounts in the Central Depository System (CDS) of Central Depository of Pakistan Limited on July 14, 2021 and the Physical shares certificates in respect of bonus shares will be dispatched to the shareholders through the courier on or before July 20, 2021.

Gul Ahmed Textile Mills Limited was established in the year of 1953. The company was incorporated in Pakistan on April 01, 1953 and listing in the Karachi Stock Exchange in 1970. The manufacturing wing is an essential component in Gul Ahmed’s operations. The manufacturing cycle, which includes spinning, weaving, processing, designing and stitching, results in an end product.

With an installed capacity of more than 51,840 spindles, 300 state-of-the-art weaving machines and yarn dyeing, processing & stitching units, Gul Ahmed is a composite unit – making everything from cotton yarn to finished products. Gul Ahmed has its own captive power plant comprising of gas engines, gas & steam turbines, and backup diesel engines. Gul Ahmed has also set up a waste water treatment plant to treat 100% of its effluent, bringing it to NEQS levels.

Gul Ahmed Textile Mills Limited is listed on Pakistan Stock Exchange, quoted shares of it that are 513,353,556. The Earnings per shares of the Company is (1.12) in 2020 which was 8.44 in 2019. The Profit after Taxation in 2020 was (479,365,000) which was 3,609,220,000 in 2019.