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Daily Archives: January 4, 2016

Transactions of 500 shares of Jubilee Life Insurance Company Limited

Karachi, Jubilee Life Insurance Limited informed Karachi Stock Exchange about transactions of shares of the company. 500 shares @Rs. 504 per share were purchase in the market on December 31, 2015 through CDC. Jubilee Life Insurance Company Limited incorporated in Pakistan on June 29, 1995 as a public limited company under the Companies Ordinance, 1984. The operations of the company started on June 20, 1996. The products and services which the company offers include individual life insurance, banc assurance, micro insurance, corporate insurance and priority insurance. The shares of the company are quoted at the Karachi Stock Exchange. The registered office of the company is located in Karachi. Jubilee Life Insurance is a subsidiary of the Aga Khan Fund for Economic Development, Switzerland. It is the economic development arm of the AKDN, a group of private, non-denominational development agencies. The sister concerns of the company are the Aga Khan University Hospital, Jubilee General Insurance Company Limited, the Aga Khan Health Services, Tourism Promotion Services, First Micro Finance Bank Limited, Habib Bank Limited, the Aga Khan Education Services and Focus Humanitarian Assistance. The international associate of the company includes Jubilee Insurance Kenya, Uganda, Tanzania, Burundi and Mauritius. The symbol “JLICL” is being used by the stock exchanges for the shares of Jubilee Life Insurance Company Limited.

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Transactions of shares of Gharibwal Cement Limited

Karachi, Gharibwal Cement Limited informed Karachi Stock Exchange about transactions of shares of the company. Muhammad Tousif Peracha (CEO) were sold 3,790,000 shares @ Rs. 47.50 per share in the market through CDC and Mr. Abdur Rafique khan were sold 2,100,000 shares @ Rs. 47.50 per share in the market through CDC. Gharibwal Cement Limited is a company incorporated in Pakistan in December 29, 1960 as a public limited company. The foundations of the company are laid under the Companies Ordinance, 1984. The principal activities of the company are production and sale of Cement. 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 “GWLC” is being used by the stock exchange for the shares of Gharibwal Cement Limited.

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Declaration of right shares of Pak Elektron Limited

Karachi, Pak Elektron Limited informed Karachi Stock Exchange about the board of the director meeting of the company scheduled to be held on January 04, 2016 at Lahore. The agenda of the meeting have to decide issue of 25% right shares (i.e. 25 right shares for every 100 existing shares held) at a premium of Rs. 30/ per share (total Rs. 40/ per share) to the existing shareholders of the company. Further, the closed period of the company shall be from January 25, January 31, 2016 both days inclusive. 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.

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Reappointment of Company Secretary of Millat Tractors Limited

Karachi, Millat Tractors Limited informed Karachi Stock Exchange about the reappointment of Mian Muhammad Saleem as company secretary for a year of three years effect on January 01, 2016. MIllat Tractors Limited is a company incorporated in Pakistan on June 11, 1964 as a public limited company. The foundations of the company have been laid under the Companies Ordinance, 1984. The principal activities of the business are manufacturing agricultural tractors and machinery which includes implements and multi-application products. 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 in Sheikhupura. The symbol “MTL” is being used by the stock exchanges for the shares of Millat Tractors Limited.

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Board meeting of Suraj Cotton Mills Limited

Karachi, Suraj Cotton Mills Limited informed Karachi Stock Exchange about the board meeting of the company scheduled to be held on January 04, 2016. The agenda of the meeting shall be consideration of resolution of invest Rs. 350/ Million in purchase of fixed asset. Suraj Cotton 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 business activity of the company is a manufacture, trading and sale of yarn. It is also engaged in the processing of cloth. The shares of the company are quoted on Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is located at Lahore. The symbol “SURC” is being used by the stock exchange for the shares of Suraj Cotton Mills Limited.

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