Daily Archives: May 24, 2016

Notice for change of authorized person of Shajar Capital Pakistan (Private) Limited

Karachi, Pakistan Stock Exchange informed about Trading Right Entitlement (TRE) Certificate Holder of the Exchange has intimated the change of authorized person of their Branch Office, situated at Office # 1014, 10th Floor, Islamabad Stock Exchange Tower, Islamabad. Syed Arshad Raza s/o Syed Muhammad Qasim registered as agent with SECP under the “Brokers and Agents Registration Rules, 2001” has been appointed as the authorized person to manage and supervise the said branch office in place of Malik Muhammad Qasim Zafar s/o Haji Malik Iqbal. Shajar Capital Pakistan (Private) Limited (SCPL) has membership of the Karachi Stock Exchange (KSE) which enables it to provide full Institutional equity brokerage services to domestic & international investors. SCPL also provides full institutional commodity brokerage services through its commodity trading license of Pakistan Mercantile Exchange (PMEX). Additionally, SCPL also provides full range of money market and forex broking services. Shajar Capital Pakistan (Private) Limited is a premium corporate brokerage house with membership of Karachi Stock Exchange and is also a licensed brokerage house of National Commodity Exchange to provide brokerage of precious commodity futures.

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Resuming operations of First Dawood Mutual Fund (FDMF) Managed By Dawood Capital Management Limited

Karachi, Dawood Capital Management Limited informed Pakistan Stock Exchange regarding conversion of First Dawood Mutual Fund (FDMF) into an open end Fund with effect from April 7, 2013 with condition no. 1 to be read with “July 1, 2016” instead of April 15, 2016. Dawood Capital Management Limited was incorporated in Pakistan on September 18, 1990 as a public limited Company. The Company is re-registered as a Non Banking Finance Company under the Non Banking Finance Companies (Establishment and Regulation) Rules, 2003 (the NBFC Rules). The Company has obtained the licenses to carry out investment advisory services and asset management services under the NBFC Rules and the Non Banking Finance Companies and Notified Entities Regulations, 2008 (the NBFC Regulations). The stocks of the company are quoted on the Karachi Stock Exchange of Pakistan. The registered office of the company is located at Karachi. The company has floated the following open end funds namely Dawood Income Fund and Dawood Islamic Fund. The company has also floated a closed end fund, First Dawood Mutual Fund. During the year the licenses of the company have been renewed for Asset Management Services and Investment Advisory Services vide approval dated October 27, 2011, effective from May 27, 2010 and May 26, 2010, respectively, valid for a period of three years. The symbol “DCM” is being used by the stock exchanges for the shares of Dawood Capital Management Limited.

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Trading volume and price of Service Fabrics Limited

Karachi, Pakistan Stock Exchange informed about letter dated May 12, 2016 received from Securities & Exchange Commission of Pakistan. In this regard, while reviewing the data of the company at the Karachi Automated Trading System (“KATS”) it has been observed that the trading volumes and price of SERF over the last month as experienced volatility. Service Fabrics Limited (SFL) is a public limited company (listed on Stock Exchanges). The company was incorporated in 1987 and is equipped with 96 Sulzer shuttleless looms, sizing from Zell and warping from Beninger. The project is situated at Manga, Lahore, with a capacity to produce nearly 20.000 million meters grey cloth per annum of various constructions. Almost entire production of the company is being exported to Far East & Europe with more than Rs. 725,000 million annual sales. In 1997, Service Fabrics was awarded a special merit trophy from the Federation of Pakistan Chamber of Commerce and Industry (FPCCI). The symbol “SERF” is being used by the stock exchanges for the Service Fabrics Limited.

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Board meeting of Husein Industries Limited to be held on May 31, 2016

Karachi, Husein Industries Limited informed Pakistan Stock Exchange that the board meeting of the company is scheduled to be held on May 31, 2016 at Karachi. The agenda of the meeting shall be consideration of quarterly accounts. Further, the closed period of the company shall be from May 24, 2016 to May 31, 2016(both days inclusive). 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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Board meeting of Sakrand Sugar Mills Limited to be held on May 30, 2016

Karachi, Sakrand Sugar Mills Limited informed Pakistan Stock Exchange that the board meeting of the company is scheduled to be held on May 30, 2016at Karachi. The agenda of the meeting shall be consideration of quarterly accounts for the period ended March 31, 2016. Further, the closed period of the company shall be from May 24, 2016 to May 30, 2016(both days inclusive). Sakrand Sugar Mills Limited is a company incorporated in Pakistan as a Public Limited Company on March 2, 1989. The foundations of the company are laid under the Companies Ordinance, 1984. The principal business activity of the company includes manufacture and sale of sugar. The stocks of the company are quoted on the Karachi and Lahore Stock Exchanges of Pakistan. The mill is located at Deh Tharo Unar, District Shaheed Benazir Abad, Sindh, Pakistan. The sugar plant has a crushing capacity of 6,500 metric tons of sugarcane per day. The registered office of the company is located in Karachi. The symbol “SKRS” is being used by the stock exchanges for the shares of Sakrand Sugar Mills Limited.

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Election of Directors of Baluchistan Wheels Limited

Karachi, Baluchistan Wheels Limited informed Pakistan Stock Exchange about election of directors for next three years in the extraordinary general meeting to be held on June 04, 2016 at the registered office in Baluchistan. Baluchistan Wheels Limited was incorporated in Pakistan on June 16, 1980. The company manufactures automotive wheel rims for trucks, buses, tractors, cars and mini commercial vehicles. The registered office of the company is located in Karachi. The factory of the company is located in Baluchistan. The stocks of the company are quoted on the Karachi Stock Exchange. The symbol “BWHL” is being used by the stock exchanges for the shares of Baluchistan Wheels Limited.

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