2015 December : AsiaNet-Pakistan

Archive for December, 2015

Pakistan Media Safety Report 2015

December 31, 2015 | General

No arrests made for murder of two media personnel in Pakistan.  Those who injured six media men also remain free Two media personnel were killed, while six others were injured and many were manhandled during 2015.  In addition 11 media personnel were booked in false cases and equipment of many media workers was damaged or […]

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Suspension of trading in the shares of M/s Noor Silk Mills Limited

December 31, 2015 | General

Karachi: Karachi Stock Exchange informed that trading in the shares of M/s Noor Silk Mills Limited shall remain suspended for another period of 60 days with effect from January 08, 2016.
Further, the decision for suspension has been taken in exercise o…

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Board meeting of Mirza Sugar Mills Limited to be held on January 07, 2016

December 31, 2015 | Board Meetings

Karachi, Mirza Sugar Mills Limited informed Karachi Stock Exchange that board meeting of the company is scheduled to be held on January 07, 2016 at Karachi. The agenda of the meeting shall be consideration of annual accounts for year ended September 30…

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Islamabad Stock Exchange Market Statistics Report Thursday December 31, 2015

December 31, 2015 | General Business News

Islamabad, December 31, 2015 (PPI-OT): MARKET TREND: Bearish COMPANIES TRADED: TOTAL PLUS MINUS EQUAL 133 74 -59 0 INDEX POSITION: INDEX Opening Closing Change ISE-10 Index: 2771.73 2754.49 (17.24) INDEX Opening Closing Change IMI- 25 Index 2423.42 2417.23 (6.19) TOTAL VOLUME: Previous Current Change 218,500 1,000 11,200 10,200 Previous Current Change B to B Volume …

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Appointment of share registrar of Ellcot Spinning Mills Limited

December 31, 2015 | General

Karachi: Ellcot Spinning Mills Limited informed Karachi Stock Exchange about appointment of M/s Hameed Majeed Associates Private Limited, 1st floor, H.M house, 7-bank square, Lahore as independent share registrar. Ellcot Spinning Mills Limited is a company incorporated in Pakistan. It is a public limited company the foundations of which are laid under the Companies Ordinance, 1984. The principal activities of the company include manufacture and sale of yarn. The shares of the company are quoted on Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is situated at Lahore. The symbol “ELSM” is being used by the stock exchange for the shares of Ellcot Spinning Mills Limited.

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Appointment of share registrar of Prosperity Weaving Mills Limited

December 31, 2015 | General

Karachi: Prosperity Weaving Mills Limited informed Karachi Stock Exchange about appointment of M/s Hameed Majeed Associates Private Limited, 1st floor, H.M house, 7-bank square, Lahore as independent share registrar. Prosperity Weaving Mills Limited is a company incorporated in Pakistan on November 20, 1991. It is a public limited company the foundations of which are laid under the Companies Ordinance, 1984. The principal activity of the Company is manufacturing and sale of woven cloth. The Mill is located at District Sheikhupura in the Province of Punjab. The shares of the company are quoted on Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is situated at Lahore. The symbol “PRWM” is being used by the stock exchange for the shares of Prosperity Weaving Mills Limited.

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Appointment of share registrar of Nagina Cotton Mills Limited

December 31, 2015 | General

Karachi: Nagina Cotton Mills Limitedinformed Karachi Stock Exchange about appointment of M/s Hameed Majeed Associates Private Limited, 5th floor, Karachi chambers, Hasrat Mohani Road, Karachi as independent share registrar. Nagina Cotton Mills Limited is a company incorporated in Pakistan on May 16, 1967. It is a public limited company the foundations of which are laid under the Companies Ordinance, 1984. The principal activity of the company is to manufacture and sale of cotton and blended yarn. The manufacturing facilities are located in Kotri Industrial Trading Estate in the Province of Sindh. The shares of the company are quoted on Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is situated at Karachi. The symbol “NAGC” is being used by the stock exchange for the shares of Nagina Cotton Mills Limited.

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Intimation for purchase/sale of shares of JDW Sugar Mills Limited

December 31, 2015 | General

Karachi: JDW Sugar Mills Limited informed Karachi Stock Exchange that Mr. Muhammad Rafique, company secretary has gifted 175,000 ordinary shares to his son on September 02, 2015.

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Board meeting of Askari General Insurance Company Limited will be held on January 06, 2016

December 31, 2015 | Board Meetings

Karachi: Askari General Insurance Company Limited informed Karachi Stock Exchange that board of directors meeting of the company will be held on January 06, 2016. The agenda of the meeting is to consider and approve financial budget for the upcoming year 2016. The announcement is available at http://www.kse.com.pk/notices-updates/detail2.php?0.33413852844387293&id=4&nid=074403 Askari General Insurance Company Limited is a company incorporated in Pakistan on April 12, 1995 as a public limited company. The commercial operations of the company commenced from October 15, 1995. The foundations of the company are laid under the fundamentals of the Companies Ordinance, 1984. The company is engaged in the business of non-life insurance business comprising of fire, marine, motor, accident, health and miscellaneous. The insurance company has around 19 branches located across Pakistan. The stocks of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The registered office of the company is located at Rawalpindi. The company is sponsored by the Army Welfare Trust which is itself engaged in the business of finance, banking and production of consumer goods and service. The company apart from traditional coverage offers specialized coverage for various engineering risks. The symbol “AGIC” is being used by the stock exchanges for the shares of Askari General Insurance Company Limited.

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Transaction of 5,000 shares of Sazgar Engineering Works Limited

December 31, 2015 | General

Karachi: Sazgar Engineering Works Limited informed Karachi Stock Exchange about transaction of shares of the company.1, 500 shares @ Rs. 32.00 and 3,500 shares @ Rs. 31.80 per share were sold in the market on December 30, 2015 through market. Sazgar Engineering Works Limited was incorporated on 21st September 1991 as a Private Limited Company. It was later converted into a Public Limited Company on the 21st of November 1994 under the Companies Ordinance of 1984. Sazgar is a premier manufacturer of CNG 4 Stroke Auto Rickshaw (3 Wheelers) and Automotive Wheel Rims. The company has manufacturing facilities spread over an estate of 5 Acres based in Pakistan and a Global Dealer Network through which the company exports its products in the international markets. The shares of the company are quoted on the Karachi Stock Exchange of Pakistan. The registered office of the company is located in Lahore. The symbol “SAZEW” is being used by the stock exchanges for the shares of Sazgar Engineering Works Limited.

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Transaction of 225,000 shares of Netsol Technologies Limited

December 31, 2015 | General

Karachi: Netsol Technologies Limited informed Karachi Stock Exchange about transaction of shares of the company. 225,000 shares @ Rs. 64.92 per share were purchased from the market on December 28, 2015 through stock exchange.
NetSol Technologies is a…

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Financial results of Adam Sugar Mills Limited for the periodended September 30, 2015

December 31, 2015 | General

Karachi: Adam Sugar Mills Limited informed Karachi Stock Exchange about the recommendations made by the board of directors in the meeting held on December 31, 2015. The agenda of the meeting was discussion of profit and loss account for the period ended September 30, 2015 which portrayed a loss of Rs. 70,500,029 and loss per share 4.08 basic and diluted. Further, nil payment of cash dividend, bonus shares and right shares was agreed. The annual general meeting of the company is scheduled to be held on January 30, 2016. Further, the share transfer books of the company will remain closed from January 21, 2016 to January 30, 2016 (both days inclusive). Adam Sugar Mills Limited was incorporated in Pakistan in 1965 in the name of Bahawalnagar Sugar Mills Limited as a public limited company. In 1985 the name of the company was changed to Adam Sugar Mills Limited. The provisions and directives of the Companies Ordinance, 1984 prevail within the organization. The company is engaged in the business of manufacturing sugar. The registered office of the company is located in Karachi. The factory is situated in Punjab. The shares of the company are quoted on Karachi and Lahore stock Exchanges of Pakistan. The symbol “ADAMS” is being used by the stock exchanges for the shares of Adam Sugar Mills Limited.

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