Karachi, (PPI Bot): ZIL Limited, operating under the code ZIL and company number 810, recorded a stable stock performance on the Pakistan Stock Exchange on November 27, 2023. The company's stock opened and closed at the same price of 241. It saw a low of 240.5 and a high of 240.5 during the trading session. A total of 700 shares were traded, with the closing price noted at 260.
Karachi, (PPI Bot): M/s. Dewan Automotive Engineering Limited (DWAE) has been directed by the Pakistan Stock Exchange (PSX) to execute a compulsory buy-back due to its failure to rectify certain non-compliances. The compliance deadline set for this directive is December 11, 2023.The initial notification of this directive was made public through PSX Notice No. PSX/N-927, dated September 12, 2023. It highlighted DWAE's non-compliance, particularly with PSX Regulation 5.11.1.(e). A subsequent notice, PSX/N-1157 dated November 13, 2023, was issued, stipulating the compliance deadline.
DWAE is now under obligation to address the mentioned non-compliances before the set deadline. Failure to do so, or to comply with the compulsory buy-back direction, may result in further actions against DWAE, as outlined under PSX Regulation 5.11.2.