Mirpurkhas, Mirpurkhas Sugar Mills Limited has announced a rights issue at a rate of 42.957%. This initiative is intended to raise funds to enhance the company's operations and possibly reduce existing liabilities. The rights issue represents an opportunity for shareholders to invest additional capital into the company, demonstrating their support for Mirpurkhas Sugar Mills' growth and development strategies.

Karachi, Following the trading session on March 6, 2024, the Pakistan Stock Exchange (PSE) presented mixed results in its major indices and a varied performance among leading companies. The KSE30, KSE100, and KMI30 indices experienced declines, while the KSEALLSHR and KMIALLSHR indices saw slight increases. Notably, the market's overall dynamics depicted a balance between advancing and declining issues.

In the ready market, Cnergyico PK was the most active, with a closing rate of 4.63 after fluctuating between 4.59 and 4.77. P.I.A.C. (A) followed closely, ending the session at 14.51, with its shares trading as high as 14.84 and as low as 14.12. Pak Refinery and Telecard Limited also showed significant turnover, closing at 28.52 and 8.48, respectively.

Other notable companies included Kohinoor Spinning and Unity Foods Ltd, which closed at 5.31 and 23.67 after varying degrees of trading activity. WorldCall Telecom and K-Electric Ltd. were among the top traded, with closing rates of 1.34 and 4.71. Oil & Gas Development Company experienced a notable increase, ending at 128.64, while Hascol Petroleum closed slightly higher at 7.94.

On the gainers' side, Nestle Pakistan Limited stood out with an increase of 522.50, closing at 8,200.00. On the decliners' front, Mari Petroleum Company Limited saw a decrease of 53.56, closing at 2,431.67. Unilever Pakistan Foods Limited and Pakistan Hotels Developers Limited also faced declines, closing at 21,500.00 and 489.33 after significant drops.

The overall market activity showed a mix of highs and lows, with sectors like food and beverage experiencing substantial gains while others, such as petroleum and energy, faced declines. The market dynamics highlighted the diverse responses of different sectors to the prevailing economic conditions.