Karachi, Crescent Standard Modaraba informed Karachi Stock Exchange about transaction of shares of the company. 12,500 shares @ Rs. 1.77 per share were bought from the market on December 23, 2015, and 45,000 shares @ Rs. 1.89 per share were bought from the market on December 28, 2015 through stock broker. Crescent Standard Modaraba was formed under the Modaraba Companies and Modaraba (Floatation and Control) Ordinance, 1980 and the Rules framed there under. The Modaraba was initially managed by Financial Link Limited up to January 19, 2007 however the management of Modaraba transferred to Providence Modaraba Limited. During 2008, Providence Modaraba Limited merged with and into B.R.R. Investment Private Limited and since then the Modaraba is under the management of B.R.R. Investments Private Limited. It is a perpetual and multipurpose modaraba and is engaged in investing in equities and debt securities, musharaka and murabaha finance etc. It is listed on Karachi Stock Exchanges of Pakistan. The registered office of the company is situated at Karachi. The symbol “CSM” is being used by the stock exchange for the shares of Crescent Standard Modaraba.

Karachi, Noon Sugar Mills Limited informed Karachi Stock Exchange about appointment of share registrar. Corplink private limited has been appointed as share registrar of the company. Noon Sugar Mills Limited was incorporated in 1964 as a public limited company in Pakistan. The registered office of the company is located in Lahore. The manufacturing plant of the company for manufacturing white sugar is located in the province of Punjab. The products of the company include white sugar, ethyl alcohol industrial grade and fuel grade products. The stocks of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The plant became operational in the year 1966. The optimum capacity of the plant is 9,000 TCD as recorded in 2006-2007. An alcohol distillery was added during 1986 with a production capacity of 50,000 liters/day in 2002. A facility with an option to provide 30,000 LPD Industrial of fuel grade ethanol was added in 2002. A fuel ethanol plant of 100,000 LPD was added in 2005. The distillery is ISO 9001 certified since 1998 which later upgraded to ISO-9001-2000. An effluent treatment plant was installed in 1997 so that bio-degradable waste water can be used as a renewable source of energy to replace 70% of fuel oil/natural gas, for generation of process steam. The symbol “NONS” is being used by the stock exchanges for the shares of Noon Sugar Mills Limited.

Karachi:Pak Electron Limited informed Karachi Stock Exchange that board meeting of the company scheduled to be held on January 04, 2016 at Lahore. The agenda of the meeting shall be consideration of company accounts. Further, the closed period of the company shall be from December 29, 2015 to January 04, 2016. Pak Elektron Limited was incorporated in Pakistan on March 03, 1956 as a public limited company. The foundations of the company are developed under the Companies Ordinance, 1984. The principal activity of the company is manufacturing and sale of electrical capital goods and domestic appliances. It is currently organized into two main operating divisions the power division and appliances division. 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 Lahore. The activities of the company in the power division include manufacturing and distribution of transformers, switchgears, energy meters, power transformers, construction of grid stations and electrification works. The appliance division is associated with manufacturing, assembling and distribution of refrigerators, air conditioners, microwave ovens, televisions, generators and washing machines. The symbol “PAEL” is being used by the stock exchanges for the shares of Pak Elektron Limited.

Karachi: Askari General Insurance Company Limited informed Karachi Stock Exchange that board meeting of the company is scheduled to be held on January 06, 2016 at Rawalpindi. The agenda of the meeting is to consider budget 2016 accounts for period ended December 2016. 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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