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Daily Archives: December 16, 2016

Transaction of 100,000 shares of Pakistan International Bulk Terminal Limited

Karachi, Pakistan International Bulk Terminal Limited informed Pakistan Stock Exchange about transaction of shares of the company. 100,000 shares @ Rs. 35.30 per share were sold in the market on December 15, 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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Appointment of directors of Thatta Cement Company Limited

Karachi, Thatta Cement Company Limited informed Pakistan Stock Exchange about appointment of Mr. Muhammad Taha Hamdani as Director with effect from December 16, 2016 in place of Mr. Wazir Ali Khoja. Thatta Cement Company Limited was incorporated in Pakistan in 1980 as a public limited company. It was a wholly owned subsidiary of the State Cement Corporation of Pakistan Private Limited. In the year 2004 the consortium of Mr. Arif Habib and Al-Abbas Group acquired 100% shares of the company from the Privatization Commission and took over its management control. The foundations of the business are laid under the Companies Act, 1913 now Companies Ordinance, 1984. The company is engaged in the business of manufacturing and marketing cement. The registered office of the company is located in Karachi. The shares of the company are quoted on the Karachi Stock Exchange of Pakistan. The products of the company include ordinary Portland cement, sulphate resistant cement, Portland blast furnace slag cement, ground granulated blast furnace slag. The manufacturing capacity of the company is ISO 9001:2008 certified. The symbol “THCCL” is being used by the stock exchanges for the shares of Thatta Cement Company Limited.

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Material Information of The Hub Power Company Limited

Karachi, The Hub Power Company Limited informed Pakistan Stock Exchange that the to their intimation to the Stock Exchange dated October 18, 2016 the Private Power Infrastructure Board has now called for a meeting to discuss the extension in the Financial closing and the signing of the Implementation agreement for 2x660MW (1,320MW) imported coal based Power Plant at Hub. HUBCO was incorporated in Pakistan in 1991as a limited liability company. The company owns oil-fired power station with installed net capacity of 1,200 MW in Baluchistan and 214 MW Punjab. The Hub Power Company is listed on the Karachi, Lahore and Islamabad Stock Exchanges. The Global depository receipts are also listed on the Luxemburg Stock Exchange. The production capacity of the power stations varies. The business partners of HUBCO are Water and Power Development Authority, Pakistan State Oil, National Transmission and Despatch Company Limited, BAKRI Trading Company Pakistan, Government of Pakistan, Government of Baluchistan and International Power. The symbol “HUBC” is being used by the stock exchanges for the shares of the Hub Power Company Private Limited.

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Transaction of 5,000 shares of Bank Al-Falah Limited

Karachi, Bank Al-Falah Limited informed Pakistan Stock Exchange about transaction of shares of the company. 5,000 shares @ Rs. 35.25 per share were sold in the market on December 15, 2016 through CDC. Bank Alfalah Limited was incorporated as a public limited company on June 21, 1992. The foundations of the bank are laid under the Companies Ordinance 1984. The banking operations of the company commenced from November 1, 1997. The bank is owned and operated by the Abu Dhabi Group and does business through a network of over 500 branches in more than 170 cities in Pakistan. The bank has an international presence in Afghanistan, Bangladesh, Bahrain and a representative office in the UAE. The shares of the bank are quoted on the Karachi, Lahore and Islamabad stock Exchanges of Pakistan. The registered office of the company is located in Karachi. The core operations of the bank are providing financial solutions to consumers, corporations, institutions and governments through a broad spectrum of products and services, including corporate and investment banking, consumer banking and credit, commercial, SME, agri-finance, Islamic and asset financing. The symbol “BAFL” is being used by the stock exchanges for the shares of Bank Al-Falah Limited.

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Transaction of 7075 shares of United Bank Limited

Karachi, United Bank Limited informed Pakistan Stock Exchange about transaction of shares of the company. 7,000 shares @ Rs. 234.00 per share and 75 shares @ Rs. 230.50 per share were sold in the market on December 15, 2016 through CDC. United Bank Limited is incorporated in Pakistan and is engaged in the business of commercial banking and other related services. The foundations of the bank are developed under the Banking Companies Ordinance, 1962. The bank is responsible for accepting the deposits of money on current accounts and withdrawal by cheque, draft or order. The registered office of the bank is located at Islamabad. The shares of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The global depository receipts of the bank are on the list of the UK Listing Authority and the London Stock Exchange Professional Securities Market. The subsidiaries are located in Switzerland, UK and Tanzania. United Bank AG Zurich, UBL Funds Managers and United Executors and Trustees Company Limited are also the subsidiaries of the bank. The associate companies include UBL Insurers Limited and Oman United Exchange Company LLC. The products of the bank are UBL Click N Bank, UBL Tezraftaar, UBL Click N Remit, UBL Tezraftaar Account Services, NRP Direct and UBL Tezraftaar Pardes Card for the customers. The bank is also provides global remittance facilities to its customers. The symbol “UBL” is being used by the stock exchanges for the shares of United Bank Limited.

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