GUANGZHOU, China, Dec. 29, 2016 /Xinhua-AsiaNet/ — Guangzhou, known as a millennial commercial city and an important departure port of “maritime silk road”, has recently unveiled a brand new city theme song, called “Our Song” (Chinese version called “Fa Ge” with “fa” means rich in Chinese), which brings out its hope of future prosperity for […]

Karachi, December 29, 2016 (PPI-OT): DAILY STOCK MARKET REPORT Market Position Printed On DEC-29-2016 COMPANIES KSE ...

Karachi, The Hub Power Company Limited informed Pakistan Stock Exchange that the dividend warrants in respect of first interim cash dividend @ Rs. 1.50 per share, 15% for the year ending June 30, 2017 have been dispatched to all shareholders except those who have not yet provided their computerized National Identity Cards by registered post or through courier service on December 28, 2016. 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.

Karachi, Dawood Lawrencepur Limited informed Pakistan Stock Exchange that extraordinary general meeting of the company is scheduled to be held on January 20, 2017 at Karachi. The agenda of the meeting will to elect seven directors of the company as fixed by the board of directors in accordance with section 178(1) of the Companies ordinance, 1984 for a period of three years commencing from January 21, 2017. Further, the closed period of the company is from January 13, 2017 to January 20, 2017 (both days inclusive). Dawood Lawrencepur Limited was incorporated in Pakistan in 2004 as a public listed company formed as a result of a Scheme of Arrangement for Amalgamation in terms of the provisions of the Companies Ordinance, 1984 between Dawood Cotton Mills Limited, Dilon Limited, Burewala Textile Mills Limited and Lawrencepur Woolen and Textile Mills Limited. In the year 2008 the company suspended its manufacturing operations located at Burewala, District Vehari and closed down the mill in 2009. All assets relating to the closed down unit have been classified as discontinued operations. The registered office of the company is located In Karachi. The shares of the company are listed on the Karachi and Lahore Stock Exchanges. The company is engaged in the business of manufacturing fabrics using natural and man made fibers and blends thereof. It is also engaged in the business of trading and marketing renewable energy solutions, mainly solar, to domestic and industrial consumers. The company possesses investments in associates such as Dawood Hercules Corporation Limited. It is also a member of Karachi Chamber of Commerce and Industry. The symbol “DLL” is being used by the stock exchanges for the shares of Dawood Lawrencepur Limited.

Karachi, Dawood Lawrencepur Limited informed Pakistan Stock Exchange about appointment of Mr. Mujtaba Haider Khan as Chief Executive Officer with effect from December 14, 2016. Dawood Lawrencepur Limited was incorporated in Pakistan in 2004 as a public listed company formed as a result of a Scheme of Arrangement for Amalgamation in terms of the provisions of the Companies Ordinance, 1984 between Dawood Cotton Mills Limited, Dilon Limited, Burewala Textile Mills Limited and Lawrencepur Woolen and Textile Mills Limited. In the year 2008 the company suspended its manufacturing operations located at Burewala, District Vehari and closed down the mill in 2009. All assets relating to the closed down unit have been classified as discontinued operations. The registered office of the company is located In Karachi. The shares of the company are listed on the Karachi and Lahore Stock Exchanges. The company is engaged in the business of manufacturing fabrics using natural and man made fibers and blends thereof. It is also engaged in the business of trading and marketing renewable energy solutions, mainly solar, to domestic and industrial consumers. The company possesses investments in associates such as Dawood Hercules Corporation Limited. It is also a member of Karachi Chamber of Commerce and Industry. The symbol “DLL” is being used by the stock exchanges for the shares of Dawood Lawrencepur Limited.

Karachi, Shakarganj Limited informed Pakistan Stock Exchange that the Company is not aware of any reasons for movement in its share price and volumes, if there would be any material/price sensitive information in future. The same shall be disclosed by the Company in accordance with the applicable provisions of the securities act, 2015 and PSX rule book. Shakarganj Limited was incorporated in Pakistan in 1967 as a Public Limited Company and is listed on Pakistan stock exchange.Shakarganj is a leading manufacturer of food products, bio fuel and building materials as well as textiles. They transform renewable crops such as sugarcane and cotton into value added products comprising of refined sugar, textiles, bio fuels and building materials in addition to generating bio power from biogas. Shakarganj has two manufacturing facilities in the Jhang District and a registered office in Lahore. Shakarganj, through its interest in Shakarganj Food Products Limited, is also active in production of dairy and fruit products and is one of the leading brands in the Pakistan retail market. The symbol “SGML” is being used by the stock exchange for the shares of Shakarganj Limited.

Karachi, Faran Sugar Mills Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held at Karachi on December 28, 2016. The agenda of the meeting was discussion of profit and loss account for year ended September 30, 2016 which portrayed a profit of Rs. 482,663,315 with earnings per share 19.30 basic and diluted respectively. Further, 5 per share i.e. 50% payment of cash dividend, bonus shares and right shares was agreed. Furthermore, the share transfer books of the company will remain closed from January 25, 2017 to January 31, 2017 (both days inclusive). Faran Sugar Mills Limited is a company incorporated in Pakistan on November 03, 1981 as a Public Limited Company. The foundations of the company are laid under the principals of the Companies Ordinance, 1984. The principal business of the company is to manufacture and sale white sugar. The stocks of the company are quoted on the Karachi and Lahore Stock Exchange of Pakistan. The mill of the company is located at Hyderabad Sindh and the registered office of the company is situated at Karachi. The symbol “FRSM” is being used by the stock exchange for the shares of Faran Sugar Mills Limited.