Karachi: Summit Bank Limited has proposed a rights issue set at a rate of 65%, as per the latest financial announcements released to the Pakistan Stock Exchange. This strategic move is aimed at increasing the bank’s capital base and providing its shareholders with the opportunity to reinvest in the company’s growth.
Karachi: Bela Automotives Limited has been declared eligible for settlement through the Central Depository System (CDS). This development marks a significant step for the company in terms of trading and settlement efficiency.The eligibility date for Bela Automotives Limited to begin transactions through the Central Depository System was set for 30th October 2023. This transition is expected to streamline the process of trading and settlement for the company's securities.
Furthermore, the first settlement date for Bela Automotives Limited through the Central Depository System has been scheduled for 20th November 2023. This move towards the Central Depository System is anticipated to enhance the ease and security of trading activities for the investors and stakeholders of Bela Automotives Limited.