Breaking News

Monthly Archives: September 2015

National Asset Management Company Limited (NAMCO) – Fund Prices for September 30, 2015

Karachi, September 30, 2015 (PPI-OT): Name of the Fund Date Offer Repurchase NAV Market at a Glance (Rs) NBF NAV September 30, 2015 13.2275 Namco Income Fund (NIF) September 30, 2015 322.1402 322.1402 322.1402 For more information, contact: National Asset Management Company Limited (NAMCO) 19-C, Sunset Lane 6, South Park Avenue, Phase II Extension, Defense ...

Read More »

Karachi Stock Exchange Closing Rate of TEXTILE WEAVING Dated 30-09-2015

Karachi, September 30 2015 (PPI-OT): Company Name Turnover Prv.Rate Open Rate Highest Lowest Last Rate Diff. TEXTILE WEAVING PRWM Prosperity Weav 2000 31.39 31.00 31.00 29.90 29.90 -1.49 SMTM Samin Textile 27500 8.90 9.01 9.30 8.92 9.10 0.20 STJT Shahtaj Textile 6000 107.05 108.00 108.00 101.70 104.17 -2.88 YOUW Yousuf Weaving 5000 3.05 0.00 2.80 ...

Read More »

Baricitinib Superior to Methotrexate in Reducing Signs and Symptoms in Pivotal Phase 3 Study in Patients with Rheumatoid Arthritis

INDIANAPOLIS, Sept. 29, 2015 / PRNewswire — Eli Lilly and Company (NYSE: LLY) and Incyte Corporation (NASDAQ: INCY) today announced positive top-line results of RA-BEGIN, the third Phase 3 study evaluating the safety and efficacy of baricitinib, an investigational medicine for patients with moderately-to-severely active rheumatoid arthritis (RA). The study met its primary objective of demonstrating […]

Read More »

Board meeting of Crescent Cotton Mills Limited to be held on October 08, 2015

Karachi: Crescent Cotton Mills Limited informed Karachi Stock Exchange that board of directors meeting of the company is scheduled to be held on October 08, 2015 at Faisalabad. The agenda of the meeting is to consider and approve Annual Audited Financial Statements for year ended June 30, 2015. Further, the Company has declared closed period from September 30, 2015 to October 08, 2015. 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.

Read More »

Dispatch of interim dividend warrants of Nestle Pakistan Limited

Karachi: Nestle Pakistan Limited informed Karachi Stock Exchange that interim dividend warrants @ Rs. 50 per share, i.e. 500% for year ending December, 2015 have been dispatched to shareholders by registered post or through courier service on September 29, 2015. Nestle Pakistan Limited is a public limited company incorporated in Pakistan. The foundations of the company are formed under the Companies Act, 1913 now the Companies Ordinance, 1984. The company is engaged in the business of manufacturing, processing and sale of food products. This includes imported products dairy, confectionery, culinary, coffee, beverages, infant nutrition and drinking water. The shares of the company are quoted on the Karachi and Lahore stock exchanges of Pakistan. The registered office of the company is situated in Lahore. The company owns brands in the category of ambient dairy, chilled dairy, beverages, bottled water, culinary and food, baby food, breakfast cereals and confectionary. The symbol “PAKT” is being used by the stock exchange for the shares of Pakistan Tobacco Company Limited.

Read More »