Karachi, First National Equities Limitedinformed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Lahore on February 24, 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. 37,862,794 with loss per share 0.27 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
First National Equities Limited is a limited liability company incorporated in Pakistan under the Companies Ordinance, 1984. The company has trading rights entitlement certificate of the Karachi Stock Exchange. The principal activities of the business include shares brokerage, consultancy services and IPO underwriting. The registered office of the company is located in Karachi. The stocks of the company are quoted on the Karachi Stock Exchange of Pakistan.
The company deals with the trading of over 625 stocks which are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The brokerage division of the company deals with stocks, Pakistan investment bonds, treasury bills TFCs / corporate bonds, national investment trust units, certificates of investments and letter of placements. The company also manages securities based financing, syndication, privatization, project advisory, mergers and acquisitions and credit rating advisory.
The symbol “FNEL” is being used by the stock exchange for the shares of First National Equities Limited.