Category: Business & Finance

Citi Pharma Limited Announces New Company Secretary

Karachi: Citi Pharma Limited has officially appointed Mr. Ghulam Dastgeer as the new Company Secretary, effective from July 1, 2024. This strategic appointment comes as part of the company’s ongoing efforts to strengthen its management team and enhanc…

Substantial Shareholder Buys into First Elite Capital Modaraba

Karachi: A significant share purchase by a substantial shareholder in First Elite Capital Modaraba has been officially recorded and disclosed.

Nauman Rathore, categorized as a substantial shareholder, acquired 9,500 shares of First Elite Capital Mod…

K-Electric Limited Board Meeting Focuses on Non-Financial Matters

Karachi: The Board of Directors of K-Electric Limited convened on July 5, 2024, to discuss strategic matters beyond the company’s financial results. According to information available from the Pakistan Stock Exchange (PSX), this meeting followed an ea…

Alhamra Islamic Money Market Fund Announces Dividend Payout

Karachi: The Chief Executive Officer of MCB Investment Management Limited, the managing entity for Alhamra Islamic Money Market Fund (ALHIMMF), declared today that a dividend distribution has been sanctioned by the Board of Directors. According to inf…

Executive at Habib Bank Conducts Major Share Sale

Karachi: A substantial stock transaction by a top executive at Habib Bank Limited has been disclosed to the public.

Syed Yawar Ali, a General Manager at Habib Bank Limited, sold 10,250 shares on July 4, 2024. The shares were sold at a rate of Rs. 13…

UDL International Completes Share Swap with First UDL Modaraba

Karachi: UDL International Limited (UDLI) has successfully completed the merger with First UDL Modaraba (FUDLM), crediting shares to the certificate holders as per the previously announced swap ratio of 1:1, effective from July 4, 2024. According to i…

JS Momentum Factor ETF Initiates Rebalancing Process

Karachi: The Pakistan Stock Exchange announced that the JS Momentum Factor Exchange Traded Fund (JSMFETF) has commenced the rebalancing of its portfolio as of August 7, 2024. This action follows the guidelines set by Section 96 of the Securities Act, …