Karachi, Kohinoor Textile Mills Limited, in accordance with the Special Resolution passed in the Extraordinary General Meeting held on March 03, 2023, has successfully implemented its share buy-back plan. The company purchased a total of 199,500 ordinary shares at a price of Rs. 52.00 per share in today's (July 24, 2023) trading session on the Pakistan Stock Exchange Limited.

The buy-back action is in compliance with regulation 6(e) of the Listed Companies (Buy-Back of Shares) Regulations, 2019. Kohinoor Textile Mills' decision to repurchase its own shares signals its confidence in the company's financial position and future prospects.

Shareholders and investors will closely watch the impact of this buy-back on the company's overall shareholding structure and potential implications for dividend distribution and future market performance.