Karachi, Kohat Cement Company Limited, in adherence to the Special Resolutions passed in the Extraordinary General Meeting held on February 21, 2023, has successfully executed its share buy-back plan. As per Regulation 6(e) of the Listed Companies (Buy-Back of Shares) Regulations, 2019, the company has purchased a total of 141,525 of its own shares through the Pakistan Stock Exchange Limited.

The buy-back transactions were conducted on July 24, 2023, at an average price of PKR 177.16 per share. This strategic move by Kohat Cement Company signifies the company's confidence in its financial position and indicates the efficient utilization of its resources.

Shareholders and investors will closely monitor the impact of this buy-back on the company's shareholding structure and potential implications for future dividend distributions and market performance. The buy-back decision is expected to have positive implications on the company's overall value and may be of interest to stakeholders in the cement industry and the market at large.