Karachi, Nishat Chunian Limited informed Pakistan Stock Exchange about transaction of shares of the company. 433,302 shares @ Rs. 53.55 per share were bought from the market on March 28, 2019 through CDC.
Nishat Chunian Limited is a company incorporated in Pakistan. The
foundations of the company were laid in 1990 under the Companies Ordinance,
1984. The company is engaged in business of spinning, weaving, dyeing,
printing, stitching, processing, doubling, sizing, buying, selling and
otherwise dealing in yarn, fabrics and made-ups made from raw cotton, synthetic
fibre and cloth and to generate, accumulate, distribute, supply and sell
electricity. The stocks of the company are quoted on the Karachi and Lahore Stock
Exchanges of Pakistan. The registered office of the company is located at
Lahore.
The company operates with 210,000 spindles and 293 air jet looms with a monthly
production capacity of 7.5 million lbs of yarn and 4.0 million yards of greige
fabric. The dyeing & finishing unit has a capacity of 3.5 million yards per
month supported by an equivalent stitching capacity. The company is GOTS
certified for the production of 100% Organic yarns, fabrics and finished
made-ups, Oeko-Tex certified, Cotton USA certified, Sedex Certified, Lycra
Accredited, Supima Licensee, ISO 9001:2008 certified, BSCI , JC Penney, Kohl’s
and CT-PAT compliant. NCL is an active member of All Pakistan Textile Mills
Association, Lahore Chamber of Commerce and Industry and All Pakistan Bedsheets
and Upholstery Manufacturers Association.
The symbol “NCL” is being used by the stock exchanges for the shares of Nishat
Chunian Limited.
