Nimir Resins Ltd. Records Steady Market PerformanceBank Makramah Limited Announces Proposed Rights Issue

Karachi, Nimir Resins Ltd., identified by the symbol NRSL, reported a closing rate of Rs. 17.33 and a daily weighted average rate of Rs. 17.06 for the year ending in June 2023. The company, with a paid-up capital of Rs. 1,413.21 million, did not announce any distributions. The stock's peak rate was Rs. 19.36, reflecting a consistent market presence.

Karachi, Bank Makramah Limited (formerly Summit Bank Limited), listed on the Pakistan Stock Exchange, has announced a proposed rights issue at a rate of 65%. This move, revealed in the market report for January 18, 2024, indicates the bank's strategy to raise additional capital. The rights issue, which involves issuing new shares to existing shareholders at a predetermined price, is a significant step for Bank Makramah Limited in its capital enhancement plans.