2016 May : AsiaNet-Pakistan

Archive for May, 2016

‫جے اے سولر چین کے “فرنٹرنر” پی وی نمائشی منصوبے میں پہلے مرحلے کے لیے 44 فیصد ماڈیول فراہم کرتا ہوا

May 31, 2016 | Legal & Politics, Urdu

بیجنگ، 31 مئی 2016ء/پی آرنیوزوائر/– اعلیٰ کارکردگی کی حامل شمسی توانائی مصنوعات بنانے والے دنیا کے سب سے بڑے اداروں میں سے ایک جے اے سولر ہولڈنگز کمپنی لمیٹڈ (نیس ڈیک: JASO) (“جے اے سولر”) نے اعلان کیا ہے کہ وہ داتونگ، شان سی صوبہ میں قومی جدید پی وی ٹیکنالوجی نمائشی منصوبے کے لیے […]

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Pakistan Stock Exchange Limited Market Position on 31-05-2016

May 31, 2016 | General Business News

Karachi, May 31, 2016 (PPI-OT): DAILY STOCK MARKET REPORT Market Position Printed On May-31-2016 COMPANIES KSE KSE-30 KSE-100 KSE-ALLSHR KMI-30 BATi OGTi KMIALLSHR POSITION INDICES INDEX INDEX INDEX INDEX INDEX INDEX INDEX Plus 146 Current 20781.54 36061.56 24493.91 63264.38 14551.16 14775.73 17055.42 Minus 192 Previous 20913.02 36234.69 24605.14 63657.28 14647.10 14995.29 17115.94 Unchanged 23 High …

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Pakistan Readymade Garments Manufacturers and Exporters Association thanks Ishaq Dar for announcing zero rated regimes

May 31, 2016 | General Business News

Karachi, May 31, 2016 (PPI-OT):Shaikh Mohammad Shafiq, central chairman, Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) In a statement said that PRGMEA’s members are very thankful to Finance Minister, Senator Mohammad Ishaq Dar for the announcement of the zero rated regimes – No Payment No Refund, for five export oriented sector i.e. value-added textile, …

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Pakistan Credit Rating Agency Limited maintains entity and TFC ratings of Jahangir Siddiqui and Co. Limited

May 31, 2016 | General Business News

Lahore, May 31, 2016 (PPI-OT):The Pakistan Credit Rating Agency (PACRA) has maintained the long term and short term entity ratings of Jahangir Siddiqui and Co. Limited (JSCL) at ‘AA’ (Double A) and ‘A1+’ (A One Plus) respectively. Rating of JSCL TFC VIII of PKR 750 mln has been maintained at ‘AA+’ (Double A Plus). The …

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Pakistan Credit Rating Agency Limited assigns preliminary rating to proposed TFC of Jahangir Siddiqui and Co. Limited

May 31, 2016 | General Business News

Lahore, May 31, 2016 (PPI-OT):The Pakistan Credit Rating Agency (PACRA) has assigned a preliminary rating of “AA+” (Double A plus) to the proposed secured privately placed 9th TFC of PKR 1000 mln (inclusive of a green shoe option of PKR 300 mln). Jahangir Siddiqui and Co. Limited (JSCL) plans to issue the said instrument shortly. …

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Sukuk issued by Maple Leaf Cement Factory Fully Redeemed: Rating Withdrawn

May 31, 2016 | General Business News

Lahore, May 31, 2016 (PPI-OT):Maple Leaf Cement issued a secured, privately placed sukuk of PKR 8,000mln in Jan 08. The instrument, issued for a period of 8 years, was restructured in Mar 10 with revised maturity in Dec 18. The company by exercising early payment option, has made full and final redemption of sukuk in …

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Financial results of Husein Industries Limited for period ended March 31, 2016

May 31, 2016 | General

Karachi, Husein Industries Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on May 31, 2016. The agenda of the meeting was discussion of profit and loss account for nine months period and quarter ended March 31, 2016 which portrayed a loss of Rs. 139,441 and Rs. 45,065 with loss per share 13.12 and 4.24 basic and diluted respectively. Further, nil payment of cash dividend, bonus shares and right shares was agreed. Husein Industries Limited was incorporated in 1951 as a manufacturer and exporter of textile products. The company’s manufacturing activities includes spinning, weaving and processing of home textile and apparel. The products of the company range from bedding, curtains, cushions, blankets and other apparels. The registered office of the company is located in Karachi. The symbol “HUSI” is being used by the stock exchange for the shares of Husein Industries Limited.

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Suspension of trading in the shares of Pakistan Refinery Limited

May 31, 2016 | General

Karachi, Pakistan Stock Exchange informed that trading in the shares of Pakistan Refinery Limited will be suspended during the period from June 03, 2016 to June 10, 2016 and will resume on June 13, 2016. Pakistan Refinery Limited has announced the dates of Book Closure from June 04, 2016 to June 10, 2016 for the entitlement of 10th Profit Payment of the subject TFCs. Pakistan Refinery Limited was incorporated in Pakistan as a public limited company in May, 1960. The foundations of the company are based on the Companies Ordinance, 1984. The company is engaged in the production and sale of petroleum products the domestic market and Pakistan defense forces. 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 Karachi. The refinery is operating at two locations. Main processing facility is located at Korangi Creek with supporting crude berthing and storage facility at Keamari. The design capacity of the refinery is 2.1 million tons per annum. The company is a hydro skimming refinery designed to process various imported and local crude oil to meet the strategic and domestic fuel requirements of the country. The refinery has a capacity of processing 47,000 barrels per day of crude oil into a variety of distilled petroleum products such as furnace oil, high speed diesel, kerosene oil, jet fuel and motor gasoline etc. The symbol “PRL” is being used by the stock exchanges for the shares of Pakistan Refinery Limited.

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Suspension of trading in the shares of Soneri Bank Limited

May 31, 2016 | General

Karachi, Pakistan Stock Exchange informed that trading in the shares of Soneri Bank Limited will be suspended during the period from June 23, 2016 to July 07, 2016 and will resume on July 08, 2016. Soneri Bank Limited has announced the dates of Book Closure from June 24, 2016 to July 07, 2016 for the entitlement of Second Profit Payment of the subject TFC. Soneri Bank Limited was incorporated in Pakistan on September 28, 1991 as a public limited company under the Companies Ordinance, 1984. The bank operates in retail banking, Islamic banking and corporate and investment banking. It is engaged in banking services as described in the Banking Companies Ordinance, 1962. It has a branch network of 239 branches including nine Islamic banking branches in Pakistan. The shares of the company are quoted on the Karachi, Lahore and Islamabad stock exchanges in Pakistan. The registered office of the company is situated at Lahore. The symbol “SNBL” is being used by the stock exchanges for the shares of Soneri Bank Limited.

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Imposition of restriction on opening of new accounts on Switch Securities (Pvt.) Limited

May 31, 2016 | General

Karachi, Pakistan Stock Exchange informed that due to non-compliance of the clause of PSX Regulations, the Exchange vide its order dated May 30, 2016 has decided to “impose restriction on the opening of new accounts” on Switch Securities (Pvt.) Limited. Switch Securities (Pvt.) Limited was formed in 1997 with the objective of providing professional consultancy in stock related services. SSPL is a corporate member of the Lahore and Islamabad Stock Exchanges as well as the Commodity Exchange, Karachi. Being a non-banking institution, SSPL is a major brokerage house providing a host of services to its client within the broad area of investment management. Keeping in view the development in Pakistan’s stock markets, SSPL maintains a pro-active approach in segregating its securities business to focus on current and future opportunities in the capital markets. The activities covered by Switch Securities include equity and fixed income trading, investment counseling, trading in short-term money market instruments, market-making in equity and fixed income investments, discounting financial instruments and origination of corporate finance deals.

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Suspension of trading in the shares of NIB Bank Limited

May 31, 2016 | General

Karachi, Pakistan Stock Exchange informed that trading in the shares of NIB Bank Limited will be suspended during the period from June 10, 2016 to June 19, 2016 and will resume on June 20, 2016. NIB Bank Limited has announced the dates of Book Closure from June 11, 2016 to June 19, 2016 for the entitlement of Fourth Profit Payment of the subject TFC. NIB Bank Limited is incorporated in Pakistan the operations of which started in October, 2003. It is a scheduled commercial bank and is principally engaged in the business of banking as defined in the Banking Companies Ordinance, 1962. The business of the bank is Consumer Banking, Commercial Banking and Wholesale Banking. The stocks of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchange of Pakistan. The registered office of the bank is located in Islamabad. The bank is a subsidiary of Bugis Investments (Mauritius) Pte. Limited which is a wholly owned subsidiary of Fullerton Financial Holdings Pte. Limited which in turn is a wholly owned subsidiary of Temasek Holdings, an investment arm of the Government of Singapore. Temasek Holdings of Singapore continues to be the largest single investor in NIB Bank with a stake in excess of 88%. The branch network of the bank includes 179 branches across the country. The symbol “NIB” is being used by the stock exchanges for the shares of NIB Bank Limited.

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Transaction of 25,000 shares of Pakistan International Bulk Terminal Limited

May 31, 2016 | General

Karachi, Pakistan International Bulk Terminal Limited informed Pakistan Stock Exchange about transaction of shares of the company. 25,000 shares @ Rs. 32.22 per share were sold in the market on May 30, 2016 through CDC. Pakistan International Bulk Terminal Limited was incorporated under the Companies Ordinance, 1984 on March 22, 2010 as a private limited company. On July 11, 2011, the company was converted as an unquoted public company limited. It is in a start up phase and has its registered office located in Karachi. The company has entered into a build operate transfer contract with the Port Qasim Authority on November 8, 2010 for the exclusive construction, development, operations and management of a coal and clinker/ cement terminals for a period of thirty years. The services of the company include providing dirty cargo terminal in Pakistan with mechanized handling of cargo. The symbol “PIBTL” is being used by the stock exchanges for the shares of Pakistan International Bulk Terminal Limited.

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