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Daily Archives: May 7, 2015

Karachi Stock Exchange Stock Market Position on 07-05-2014

Karachi, May 07, 2015 (PPI-OT): DAILY STOCK MARKET REPORT Market Position Printed On MAY-07-2015 COMPANIES KSE KSE-30 KSE-100 KSE-ALLSHARES KMI-30 BATi OGTi POSITION INDICES INDEX INDEX INDEX INDEX INDEX INDEX Plus 121 Current 21736.11 33742.88 23705.30 55508.64 17032.44 17915.64 Minus 218 Previous 21786.69 33839.28 23699.44 55703.66 17119.04 17748.97 Unchanged 20 High 21822.51 33885.02 23764.59 55815.93 ...

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Transactions of 450.5257 shares of IGI Insurance Limited

Karachi, IGI Insurance Limited informed Karachi Stock Exchange about transactions of shares of the company. Mr. Syed Hyder Ali, director of the company bought shares 225.1674 on May 05, 2015 and 225.3583 shares on May 06, 2015 from the market and through CDC. IGI Insurance Limited a Packages Group Company, was incorporated in Pakistan as a public limited company in 1953 under Companies Ordinance, 1984. The insurance company is engaged in providing general insurance services in spheres of Fire, Marine, Motor, Health and Miscellaneous. The stocks of the company are quoted on the Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the Company is located in Karachi. The company is currently engaged in the process of acquisition of American Life Insurance Company for the acquisition of ownership interest of 40,986,690 ordinary shares representing approximately 81.97% of the total issued, subscribed and paid up capital shares of the company. The associated companies of the group includes packages limited, nestle Pakistan Limited, Sanofi-Aventis, Tri-Pack Films Limited, Treet Corporation Limited, Siemens Pakistan Engineering Company Limited, Coca-Cola Beverages Pakistan Limited, Mitchell’s Fruit Farms Limited, Zulfeqar Industries Limited, Loads Limited, IGI Investment Bank Limited and IGI Securities Limited. The symbol “IGIIL” is being used by the stock exchanges for the shares of IGI Insurance Limited.

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Transactions of 3,000 shares of United Bank Limited

Karachi, United Bank Limited informed Karachi Stock Exchange about transactions of shares of the company. Mr. Abdul Jabbar Memon senior vice president has sold 3,000 shares in the market on May 05, 2015 through CDC. United Bank Limited is incorporated in Pakistan and is engaged in the business of commercial banking and other related services. The foundations of the bank are developed under the Banking Companies Ordinance, 1962. The bank is responsible for accepting the deposits of money on current accounts and withdrawal by cheque, draft or order. The registered office of the bank is located at Islamabad. The shares of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The global depository receipts of the bank are on the list of the UK Listing Authority and the London Stock Exchange Professional Securities Market. The subsidiaries are located in Switzerland, UK and Tanzania. United Bank AG Zurich, UBL Funds Managers and United Executors and Trustees Company Limited are also the subsidiaries of the bank. The associate companies include UBL Insurers Limited and Oman United Exchange Company LLC. The products of the bank are UBL Click N Bank, UBL Tezraftaar, UBL Click N Remit, UBL Tezraftaar Account Services, NRP Direct and UBL Tezraftaar Pardes Card for the customers. The bank is also provides global remittance facilities to its customers. The symbol “UBL” is being used by the stock exchanges for the shares of United Bank Limited.

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Material information of Treet Corporation Limited

Karachi, Treet Corporation Limited informed Karachi Stock Exchange about that company has been started importing, selling and marketing “Lead Acid Batteries” under name of “Daewoo” and company has also announced Lead Acid Batteries project for which 150% Right is underway. Treet Corporation Limited was incorporated in Pakistan on January 22, 1977 as a Public Limited Company. The foundations of the company are laid under the Companies Ordinance, 1984. The principal activity of the company is manufacturing and sale of razors and razor blades along with sale of soaps. The stocks of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchange of Pakistan. The registered office of the company is located at Lahore. The subsidiary companies of Treet Corporation Limited are Global Econo Private Limited, First Treet Manufacturing Modaraba, TCL Labor-Hire Private Limited, Treet Services Private Limited and Treet Power Limited. The company has received ISO 9001: 2000 certification in 1997. The company is also recognized as one of the first ten recipients of the certificate in Pakistan. The symbol “TREET” is being used by the stock exchanges for the shares of Treet Corporation Limited.

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Financial results of Crescent Cotton Mills Limited for the period ended June 30, 2014

Karachi, Crescent Cotton Mills Limited informed Karachi Stock Exchange about the recommendations made by the board of directors in the meeting held at Faisalabad on May 07, 2015. The agenda of the meeting was discussion of un-audited interim profit and loss account for the period ended June 30, 2014 which portrayed a profit of Rs. 96,000,00 and earnings per share 4.53 basic and diluted. Nil payment of cash dividend, bonus shares and right shares was agreed. The Crescent Cotton Mills Limited is a public limited company incorporated on March, 1959 in Pakistan under the Companies Ordinance, 1984. The company is engaged in business of textile manufacturing comprising of spinning, combing, weaving, dyeing, bleaching, printing, stitching, buying, selling and otherwise dealing in yarn, cloth and other goods and fabrics made from raw cotton and synthetic fiber. This assists in generating, accumulating, distributing, supplying and selling of electricity. The Company also operates a cold storage unit. The shares of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The registered office of the company is located at Lahore. The closure of sugar as well as distillery units of the company the management and the board of directors considered changing the name of the company. On May 02, 2012 the name of the company was changed to “Crescent Cotton Mills Limited” from “Crescent Sugar Mills & Distillery Limited”. Crescot Mills Limited is the only subsidiary of the company with 66.15% holding. Due to heavy losses the company has ceased all production activities since August, 1998 and has disposed off some of its plant and machinery. The management of the Company has got the Company de-listed from the Karachi Stock Exchange The symbol “CCM” is being used by the stock exchanges for the shares of Crescent Cotton Mills Limited.

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