Karachi, Dawood Equities Limitedinformed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on February 27, 2018.
The agenda of the meeting was discussion of profit and loss account for quarter ended December 31, 2017 which portrayed a loss of Rs. 20,965,549 with loss per share 0.84 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
Furthermore, the share transfer books of the company will remain closed from February 21, 2018 to February 27, 2018 (both days inclusive).
Dawood Equities Limited is a company incorporated in Pakistan on May 3, 2006 as public limited company. The foundations of the company are laid under the Companies Ordinance, 1984. It is also registered under the Securities and Exchange Commission of Pakistan as a broker. The activity of the company includes providing equity trading platforms for the capital markets within the brokerage of listed equities, underwriting and other investments service industry of Pakistan. The company has corporate membership and the sticks are quoted on the Karachi Stock Exchange of Pakistan. The registered office of the company is located in Karachi.
The symbol “DEL” is being used by the stock exchanges for the shares of Dawood Equities Limited.