Karachi, Fazal Cloth Mills Limited informed Pakistan Stock Exchange about transaction of shares of the company. 2,500 shares @ Rs. 132.00 per share were bought from the market on July 28, 2020, 2,500 shares @ Rs. 132.00 per share were bought from the market on July 28, 2020 and 2,500 shares @ Rs. 132.00 per share were bought from the market on July 28, 2020 through CDC.
Fazal Cloth Mills Limited is a company incorporated in Pakistan as a private limited company in 1966. The foundations of the company are laid under the postulates of the Companies Ordinance, 1984. The company set up its first spinning units in 1972 at Muzzafargarh. The company owns and operates 7 Spinning units comprising 216,162 Spindles and 1740 Rotors.224 Air-jet Picanol Looms. All units have captive Gas Fired Power Generation with a capacity of 29.9 Mega Watts. The company produces 6000 tons of Yarns and 2 million yards of fabric per month. It’s count range is from Ne 4/1 – Ne 100/1 in carded, combed, compact, core spun, Multitwist / Multicount / Slub, Double and Zero Twist Yarns. These Yarns are produced with Cotton, Rayon, Polyester Cotton, Modal Cotton and Bamboo Cotton Fibers. It also produces certified SUPIMA, ORGANIC, GIZA, BCI, Cleaner Cotton, LYCRA, USA Cotton Yarns and Fabric. The stocks of the company are quoted on the Karachi Stock Exchange of Pakistan. The registered office of the company is located in Lahore.
The symbol “FZCM” is being used by the stock exchange for the shares of Fazal Cloth Mills Limited.