Category: Business & Finance

Islamabad, Saif Textile Mills Limited has announced a board meeting scheduled for April 29, 2024, at 3:30 PM in Islamabad. The meeting's main agenda is to consider the third quarterly accounts for the period ending March 31, 2024, and to discuss the declaration of any entitlements.

In compliance with Clause 5.6.4 of the Pakistan Stock Exchange Regulations, the company has declared a closed period from April 22, 2024, to April 29, 2024. During this period, all directors, the CEO, and executives are prohibited from trading in the company's shares.

Karachi, Trading at Rs. 17.56, the NIT Pakistan Gateway ETF (NITGETF) consistently matched its daily average rate. The fund declared a distribution of 9.342% for 2023 and has a fund size of Rs. 60.948 million. With a turnover of 64,500, the ETF showed steady activity since its 2020 listing, achieving a quarterly high of Rs. 16.21 and a low of Rs. 14.86. The iNAV of the fund is Rs. 12.09.

Karachi, Hala Enterprises Ltd. (HAEL) reported a modest EPS of 1.46 with no dividends declared for the current period. The daily weighted average rate was Rs. 7.28, reaching a high of Rs. 9.83. The company, trading 634,000 shares, continues to operate with a paid-up capital of Rs. 129.96 million.

Karachi, Adamjee Life Assurance Co. Ltd. (ALIFE) declared no dividend for the year ending December 2022 but announced a 20% dividend for 2023. The company posted an EPS of Rs. 1.99 for the first quarter of 2024. Founded in 2022, ALIFE's share price varied from Rs. 29.33 to Rs. 28.50, and the company has a paid-up capital of Rs. 2,500 million, with a total turnover of 1,446,000 shares.

Karachi, S.C. Power Limited has announced that a Board of Directors meeting is scheduled for April 29, 2024, at the company’s registered office in Karachi. The main agenda for this meeting is to consider and approve the financial accounts for the period ended March 31, 2024.

Additionally, a "Close Period" has been declared by the company from April 22, 2024, to April 29, 2024. During this period, directors, the CEO, and other executives are prohibited from dealing in the company’s shares, either directly or indirectly. This measure is in compliance with Clause (xxiii) of the Code of Corporate Governance as outlined in Listing Regulation No. 35 of the Exchange.

The members of the Exchange have been duly informed about these developments.

Karachi, Highnoon Laboratories Ltd. (HINOON) has declared a 200% dividend and a 10% bonus for December 2023. Additionally, a 15% bonus and a 300% dividend were announced for previous periods. The stock traded at an average price of Rs. 530.31, peaking at Rs. 529.83. The turnover was 1,292,833 shares, with an EPS of Rs. 57.71 for January-March 2024.

Rawalpindi, D.M. Textile Mills Limited will hold its Board of Directors meeting on April 29, 2024, at 11:30 AM. The meeting is set to take place at the company’s registered office in the Westridge Industrial Area of Rawalpindi. The primary purpose of this gathering is to review and consider the Un-audited accounts for the third quarter, which ended on March 31, 2024, and to declare any possible entitlements.

In line with regulatory requirements, the company has also initiated a "Close Period" from April 22, 2024, to April 29, 2024. During this period, all directors, the CEO, and executives are restricted from buying or selling the company’s shares. This action is in compliance with Clause 5.19.15 (Code of Corporate Governance) of the rule Book of the Exchange.

The Certificate Holders of the Exchange have been informed about these measures.

Islamabad, Fauji Cement Company Limited (PSE: FCCL) declared a 12.5% bonus share distribution following a profitable first quarter, with earnings per share rising to Rs. 3.16. The company saw a significant trading volume of 293,575,222 shares.

Shares were priced at Rs. 20.36 at the close of trading, peaking at Rs. 20.9. Established in 1996, Fauji Cement maintains a hefty paid-up capital amounting to Rs. 24,528.47 million. The company is set to close its books on October 13, having maintained consistent shareholder returns.

Karachi, Gatron (Industries) Ltd., with its shares traded as GATI, announced a substantial dividend for its shareholders, including a 30% interim and a 100% bonus, totaling an effective rate of 41.70%. The company’s shares were valued at Rs. 186.21, achieving a turnover of 36,300 shares. The EPS for the January to March 2024 period was recorded at Rs. 2.68. Gatron Industries, which was first listed in 1992, continued to show financial strength in the synthetic and rayon sector.

Karachi, Dewan Farooque Motors Limited (DFML), despite a high turnover, reported a negative EPS of -1.73 rupees for the first quarter ending March 2024. The company's share price saw a low of 17.3 rupees, indicating a challenging period. With a paid-up capital of 1,387.35 million rupees, the company did not declare any dividends, continuing its trend from previous fiscal periods. Dewan Farooque was listed on the stock exchange in 2000.

Lahore, Hamid Textile Mills Limited has announced that a board meeting will be held on April 29, 2024, in Lahore to review the company's third quarterly report for the period ending March 31, 2024. The board will also consider the declaration of any entitlements related to the quarterly report.

To comply with Pakistan Stock Exchange (PSX) regulations, the company has declared a "close period" from April 26, 2024, to April 30, 2024. During this period, directors, the CEO, and executives are prohibited from trading the company's shares, either directly or indirectly.

The PSX and certificate holders are advised to take note of these dates to ensure proper compliance.

Lahore,Hi-Tech Lubricants Ltd (HTL) has scheduled a Board of Directors meeting for April 29, 2024, in Lahore, to review the company's financial statements for the quarter ending March 31, 2024, and to discuss any potential entitlement declarations.

The company has also announced a "Closed Period" from April 22, 2024, to April 29, 2024, in compliance with Clause 5.6.1(d) of the Pakistan Stock Exchange (PSX) Regulations. During this period, directors, the CEO, and executives are prohibited from dealing in the company’s shares, either directly or indirectly.

The results of the meeting and any decisions regarding entitlements will be disclosed following the completion of the board’s review.