Month: May 2016

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.

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.

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.

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.

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.

Karachi, Nimir Resins Limited (formerly Descon Chemicals Limited) informed Pakistan Stock Exchange about increase in Authorized Capital from Rs. 1,150,000,000 to 1,500,000,000.

With over 50 years’ experience, Nimir Resins Limited (Formerly Descon Chemicals Limited) prides itself at providing its customers the best possible chemical solutions in the industry. Catering to a multitude of industrial sectors, our solutions and services provide the best value and quality that our customers deserve.

Innovation is an integral part towards, Nimir Resin’s business philosophy. Nimir Resins Limited (Formerly Descon Chemicals Limited) is a technology leader for new development in commercial and advanced application.

The symbol “NRSL” is being used by the stock exchange for the shares of Nimir Resins Limited.

Karachi, Oil and Gas Development Company Limited informed Pakistan Stock Exchange about transaction of shares of the company. 10,000 shares @ Rs. 144.945 per share and 15,000 shares @ Rs. 144.120 per share were bought from the market on May 23, 2016 and May 19, 2016 respectively through CDC.

Oil and Gas Development Company Limited was incorporated in Pakistan on October 23, 1997 under the Companies Ordinance, 1984. The operations of the company include exploration, drilling operation, process and plants production, reservoir management, engineering support and commercials. The registered office of the company is located in Islamabad. The stocks of the company are quoted on the Karachi, Lahore and Islamabad stock exchanges of Pakistan. The global depositor’s shares of the company are listed on the London Stock Exchange.

The company has oil and gas fields located in all the four provinces of Pakistan. The equipment and operational base of the company include drilling rigs, work over rigs, geological field party, seismic parties, engineering field parties, gas gathering and pipeline construction party, seismic data processing centre, geological analysis laboratory, wire line logging unit, cementing units and data logging unit.

The associated company of OGDCL is Mari Petroleum Company Limited. The membership of the company is of Petroleum Institute of Pakistan, Pakistan Petroleum Exploration and Production Companies Association, Management Association of Pakistan, Society of Petroleum Engineers, Pakistan Association of Petroleum Geoscientist, World Wild Fund and World Energy Council.

The symbol “OGDC” is being used by the stock exchange for the shares of Oil and Gas Development Company Limited.