Karachi, The Listed Companies (Buy-Back of Shares) Regulations, 2019, Kohinoor Textile Mills Limited (KTML) successfully concluded the buy-back of its own shares yesterday, August 9, 2023. The move comes after the company obtained a Special Resolution during an Extraordinary General Meeting held on March 3, 2023, enabling them to repurchase their own shares.

Under this resolution, KTML purchased a total of 51,000 ordinary shares at a rate of Rs. 52.95 per share in yesterday’s trading session on the Pakistan Stock Exchange Limited (PSX). The buy-back transaction saw a significant investment of Rs. 2,692,950, reflecting the company’s strategic move to enhance shareholder value.