Substantial Shareholder and CEO of Modaraba Management Company Executes Share Purchase

Karachi, In a recent disclosure to the Pakistan Stock Exchange, Modaraba Management Company announced that Aftab Ahmad, a substantial shareholder and the Chief Executive Officer, executed a significant transaction involving the purchase of company shares. The transaction was completed on April 15, 2024.

According to the disclosure, Aftab Ahmad purchased 300,000 shares at an average rate of 4.99. The shares were acquired in the form of CDC (Central Depository Company) share certificates.

The company stated that this transaction will be reviewed in the upcoming board meeting, where any non-compliances with PSX Regulation 5.6.4, if present, will be highlighted and addressed. Further, the company has confirmed the transaction with the Exchange and instructed that the information be disseminated to market participants.

International Steels Limited Announces Rescheduling of Board Meeting and Declares Closed Period

Karachi, International Steels Limited has announced the rescheduling of its upcoming board meeting originally set for April 16, 2024, in Karachi. The meeting has been rescheduled to the same date but includes a potential follow-up to disseminate material information, should any arise, in compliance with the Pakistan Stock Exchange regulations.

Additionally, the company has declared April 15, 2024, to April 16, 2024, as a "Closed Period" for trading by its directors, employees, and other insiders in line with clause 5.6.4. of the Pakistan Stock Exchange’s listing regulations. This period is designated to prevent trading based on undisclosed material information.

International Steels Limited Announces Rescheduling of Board Meeting and Declares Closed Period

Karachi, International Steels Limited has announced the rescheduling of its upcoming board meeting originally set for April 16, 2024, in Karachi. The meeting has been rescheduled to the same date but includes a potential follow-up to disseminate material information, should any arise, in compliance with the Pakistan Stock Exchange regulations.

Additionally, the company has declared April 15, 2024, to April 16, 2024, as a "Closed Period" for trading by its directors, employees, and other insiders in line with clause 5.6.4. of the Pakistan Stock Exchange’s listing regulations. This period is designated to prevent trading based on undisclosed material information.

Mughal Iron and Steel Industries Declares Modest Dividend Increase

Karachi, Mughal Iron and Steel Industries (MUGHAL) reported an increase in dividends from 30% in 2022 to 32% in 2023. The company, trading at Rs 64.56 today with a daily weighted average of Rs 66.28, posted an EPS of Rs 59 for the quarter ending March 2024. Mughal Iron and Steel, which has a paid-up capital of Rs 3,356.34 million, has been listed since 2015.

Pakistan Refinery Limited to Discuss Quarterly Accounts in Upcoming Board Meeting

Karachi, Pakistan Refinery Limited announced a scheduled meeting of its Board of Directors on April 23, 2024, in Karachi to review the company's quarterly accounts for the period ending March 31, 2024. The agenda will primarily focus on the consideration of potential entitlement declarations.

In compliance with Pakistan Stock Exchange Regulation 5.6.1(d), the company has also declared a closed period from April 16 to April 23, 2024. During this time, directors, the CEO, and executives are prohibited from dealing in the company's shares, either directly or indirectly.

Stakeholders, including TRE Certificate Holders, have been notified as required.

Al-Ghazi Tractors Ltd. Announces No Dividends as EPS Stands at 306

Karachi, Al-Ghazi Tractors Ltd. (AGTL) reported today's trading rate at PKR 340.55 with a daily weighted average of PKR 339.42. Despite a high rate of PKR 306.00, the company did not announce any dividends for the previous financial year. Al-Ghazi Tractors, listed since 1985, has a paid-up capital of PKR 289.82 million and has maintained a market lot of 100 shares. The company did not declare any dividends for this financial year as well.

IBL HealthCare Limited Director Resigns from Board

Karachi, A board member of IBL HealthCare Limited has formally submitted their resignation, effective upon acceptance by the Board of Directors. The announcement, filed with the Pakistan Stock Exchange today, details the departure of the Director who confirmed that there are no outstanding claims or actions against the company in any capacity. Further, the Director stated there is no agreement under which the company owes any debts or liabilities towards them. IBL HealthCare Limited plans to file the necessary Form 09 with the Securities and Exchange Commission of Pakistan to record this resignation.

IBL HealthCare Limited Director Resigns from Board

Karachi, A board member of IBL HealthCare Limited has formally submitted their resignation, effective upon acceptance by the Board of Directors. The announcement, filed with the Pakistan Stock Exchange today, details the departure of the Director who confirmed that there are no outstanding claims or actions against the company in any capacity. Further, the Director stated there is no agreement under which the company owes any debts or liabilities towards them. IBL HealthCare Limited plans to file the necessary Form 09 with the Securities and Exchange Commission of Pakistan to record this resignation.

Atlas Honda Ltd. Reports Strong Dividend Amid High EPS of 353.13

Karachi, Atlas Honda Ltd. (ATLH), with today's rate standing at PKR 409.89 and a daily weighted average rate of PKR 411.85, declared a substantial dividend of 270% for the previous year. The company’s EPS for January-March 2024 reached PKR 353.13, continuing a strong financial performance with paid-up capital at PKR 1,240.88 million. Atlas Honda has been a consistent performer since its listing in 1965, with a current market lot of 100 shares.

Substantial Shareholder Executes Share Purchase in First Paramount Modaraba

Karachi, A significant transaction has been executed by Asif Nathani, a substantial shareholder, involving the purchase of shares in First Paramount Modaraba, as disclosed in the latest financial announcements to the Pakistan Stock Exchange (PSE).

On April 9, 2024, Asif Nathani acquired 14,000 shares at a price of 6.62 per share. The shares were purchased in a ready form through the Central Depository Company (CDC). This transaction falls under the scrutiny of regulatory compliance as per the Pakistan Stock Exchange Regulations, specifically clause No. 5.6:1.{d).

The transaction will be discussed in the upcoming board meeting of First Paramount Modaraba. The board will review the details of the transaction and address any potential non-compliance issues as mandated by the PSX Regulations.