Feroze1888 Mills Ltd Posts Strong Dividend as Share Prices Surge

Karachi, Feroze1888 Mills Ltd ended the day with a share price of Rs. 87.03. According to information available from the Pakistan Stock Exchange (PSX), the company announced a total dividend of 6% alongside a significant 42.70% bonus, culminating in an overall distribution of 109.30% for June. The company saw a trading volume of 145,000 shares, with a high rate of Rs. 95 and a low rate of Rs. 78.13. Feroze1888 Mills Ltd, which has been listed since October 1975, holds a market lot of 500 shares.

Pak PetroleumXD Closes Higher Amid Active Trading in Karachi

Karachi, Pak PetroleumXD concluded the trading day with a modest increase in its closing price, reflecting active participation in the Pakistan Stock Exchange. The company’s stock began at PKR 122.13 and closed slightly higher at PKR 123.20. The trading session saw the stock price fluctuating between a low of PKR 121.30 and a high of PKR 122.28. According to information available from the Pakistan Stock Exchange (PSX), a substantial volume of 4,918,689 shares was traded. The session ended with a closing price of PKR 121.75.

The Searle Company Closes With Gains Amid Active Trading at PSX

Karachi, The Searle Company observed a notable trading session on the Pakistan Stock Exchange (PSX), with its stock closing higher than its opening price today. According to information available from the Pakistan Stock Exchange (PSX), the company’s primary stock, under the code SEARL, opened at 60.45 and closed at 60.89 after fluctuating between 58.91 and 59.06. A significant volume of 7,412,617 shares changed hands, settling at a closing price of 59.87.

Additional activity was noted in The Searle Company’s futures contracts. The SEARL-JUL contract, though it recorded no trades today, was listed with a high of 61.85 and a closing price of 62.75. Similarly, the SEARL-JUN futures saw 36,000 shares traded, starting at 61.90 and closing slightly higher at 62.01, with a final price of 61.4. Meanwhile, the SEARL-MAY futures were also active with 3,091,500 shares traded; these opened at 60.69 and closed at 61.3, ending the day at 60.31.

Millat Tractors Limited Participates in Futures Market for July 2024


Karachi, Millat Tractors Limited (MTL) has confirmed its engagement in a deliverable futures contract that runs from April 29, 2024, to July 26, 2024, with the settlement due on July 30, 2024. According to information available from the Pakistan Stock Exchange (PSX), this contract forms part of the company’s strategy to mitigate financial risk associated with market price fluctuations. The volume of shares involved in the futures contract has not been disclosed.

ALHAMRA DAILY DIVIDEND FUND Announces Dividend Payout


Karachi, The Chief Executive Officer of MCB Investment Management Limited, the management company of ALHAMRA DAILY DIVIDEND FUND (ALHDDF), has approved a dividend payout on behalf of the Board of Directors. According to information available from the Pakistan Stock Exchange (PSX).



A dividend of Re. .0531 per unit will be paid to the unit holders whose names appeared in the unit holder register at the close of May 17, 2024.

Bank Makramah Shares Close Flat in Monday Trading

Karachi, Shares of Bank Makramah (Code: BML), a prominent entity on the Pakistan Stock Exchange, experienced minimal movement in Monday’s trading session. The stock opened and closed at PKR 1.95 with a low of PKR 1.88 and a high of PKR 1.93 throughout the day. According to information available from the Pakistan Stock Exchange (PSX), a total of 234,500 shares were traded by the close, with the stock settling at PKR 1.9.

In parallel, no shares were traded for the upcoming Bank Makramah futures; BML-JUL, BML-JUN, and BML-MAY. Despite being listed with respective highs of PKR 2.02 and PKR 1.98, these futures did not see any activity on the exchange. However, the BML-MAY futures had an open and close price of PKR 1.94, with 10,000 shares traded and closing at PKR 1.93.

Textile Weaving Sector Index Slightly Down on Pakistan Stock Exchange

Karachi, The Textile Weaving sector recorded a minor drop in its index, decreasing by 5.20 points to settle at 2,265.94. The market capitalization for the sector was Rs. 3,337,032,235, with 814,902 shares changing hands and a traded value of Rs. 2,960,415.02. According to information available from the Pakistan Stock Exchange (PSX), the sector contributed merely 0.033 percent to the total market capitalization and 0.217 percent to the total capital traded as of May 20, 2024.

Textile Weaving Sector Index Slightly Down on Pakistan Stock Exchange

Karachi, The Textile Weaving sector recorded a minor drop in its index, decreasing by 5.20 points to settle at 2,265.94. The market capitalization for the sector was Rs. 3,337,032,235, with 814,902 shares changing hands and a traded value of Rs. 2,960,415.02. According to information available from the Pakistan Stock Exchange (PSX), the sector contributed merely 0.033 percent to the total market capitalization and 0.217 percent to the total capital traded as of May 20, 2024.

Habib Rice Products Announces Strong Distributions Amid Solid Performance

Karachi, Habib Rice Products, trading as HRPL, declared a 40% distribution with an additional 70% for June. According to information available from the Pakistan Stock Exchange (PSX), The company’s shares traded at a consistent rate of 36.50 rupees, with a trading volume of 120,000 shares according to the Pakistan Stock Exchange (PSX). The EPS for the period was 8.33 rupees.

Unity Foods Announces Upcoming Share Transfer Book Closure


Karachi, Unity Foods Limited has announced that its share transfer books will be closed from June 02, 2024, to June 08, 2024, inclusive. This closure aligns with Regulation 9 of the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017. The purpose of the book closure is to determine eligibility for receiving offer letters related to the public offer announced on April 19, 2024.



According to information available from the Pakistan Stock Exchange (PSX), The offer, managed by Arif Habib Limited on behalf of Wilmar Pakistan Holdings Pte. Ltd., Unity Wilmar Agro (Private) Limited, Mr. Muhammad Farrukh, and Ms. Fehmida Amin, involves the acquisition of up to 277,070,908 shares. This represents 23.20% of the shareholding interest in Unity Foods Limited, aiming for joint control over the company. The details of this offer were published in the Business Recorder and Nawa-i-Waqt newspapers and amended by a corrigendum on April 27, 2024.



Unity Foods has issued this notice of book closure in compliance with regulatory requirements and will publish this notice in the aforementioned newspapers on May 18, 2024. The closure is intended to facilitate the ongoing substantial acquisition process.

Cordoba Logistics and Ventures Ltd. Reports Significant Dividend Amid Low Earnings

Karachi, Cordoba Logistics and Ventures Ltd. traded at 9.69 rupees per share, reaching a high of 721.05 rupees. According to information available from the Pakistan Stock Exchange (PSX), the company declared a substantial 226.19% return on par value for the fiscal year ending in June. Despite this, the total volume of shares traded was 2,228,500, with an earnings per share of 0.52 rupees for January-April 2024.

Bank Alfalah Ltd. Participates in Futures Market for July 2024

Karachi, Bank Alfalah Ltd. is listed as a participant in the July 2024 deliverable futures contracts. These contracts started on April 29, 2024, and will conclude on July 26, 2024, with a settlement date of July 30, 2024. Trading under the symbol code BAFL-JUL, Bank Alfalah’s activity in the futures market is noted. According to information available from the Pakistan Stock Exchange (PSX), the bank continues to engage actively in futures trading.