Karachi, January 02, 2017 (PPI-OT): DAILY STOCK MARKET REPORT Market Position Printed On Jan-02-2017 COMPANIES KSE ...

Karachi, Golden Arrow Selected Funds Limited informed Pakistan Stock Exchange about transaction of shares of the company. 600,000 shares @ Rs. 14.00 per share were sold in the market on December 30, 2016 through CDC. Golden Arrow Selected Stock Fund is a company incorporated in Pakistan as a public limited company on May 9, 1983. The foundations of the company are laid under the postulates of the Companies Ordinance, 1984. The company got registered as an investment company on April 29, 2005 under the Non Banking Finance Companies Rules, 2003. The company is a closed-end mutual fund and its principal activity is to make investment in marketable securities. The company is being managed by AKD investment Management Limited and Central Depository Company of Pakistan Limited is the custodian of the company. The stocks of the company are quoted on the Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the Company is situated at Karachi. The symbol “GASF” is being used by the stock exchange for the shares of Golden Arrow Selected Stock Fund.

Karachi, Jubilee Spinning and Weaving Mills Limited informed Pakistan Stock Exchange about appointment of Mr. Sh. Naseer Ahmed as Company Secretary of the company in place of Mr. Masood A. Sheikh with effect from December 22, 2016. Jubilee Spinning and Weaving Mills Limited is a company incorporated in Pakistan as a public limited company. The principal activity of the business is manufacturing and sale of textile products. The stocks of the company are quoted on the Karachi Stock Exchange of Pakistan. The registered office of the company is located in Karachi. The symbol “JUBS” is being used by the stock exchanges for the shares of Jubilee Spinning and Weaving Mills Limited.

Karachi, Imperial Sugar Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on January 09, 2017 at Lahore. The agenda of the meeting will to consider the annual accounts for the period ended September 30, 2016. Further, the Company has declared the closed period from January 02, 2017 to January 09, 2017 Imperial Sugar Limited is a public limited company, incorporated on May 9th, 2007 to undertake Sugar and Allied businesses. The company acquired two Sugar plants and one Ethyl Alcohol (Ethanol) Distillery in the year 2007. After completion of these acquisitions and approval of the SECP and KSE, the Company was listed on Karachi Stock Exchange on August 13th, 2008. In order to recover a huge amount of Carbon Dioxide Gas (CO2) that is produced during the fermentation process of Molasses, a state of the art CO2 Recovery Plant with 48 Metric Tons/Day capacity was bought from Italy, which is currently under erection and installation process. It is worth mentioning that no distillery in Pakistan but one other than ours has the CO2 recovery system installed. Elsewhere in Pakistan, CO2 produced during fermentation process is exhausted in the atmosphere and thus wasted. The Symbol “IMSL” is being used by the stock exchange for Imperial Sugar Limited.

Karachi, Jubilee Spinning and Weaving Mills Limited informed Pakistan Stock Exchange about appointment of Mr. Muhammad Akbar Khan as Director of the company in place of Mr. Masood A. Sheikh with effect from December 23, 2016. Jubilee Spinning and Weaving Mills Limited is a company incorporated in Pakistan as a public limited company. The principal activity of the business is manufacturing and sale of textile products. The stocks of the company are quoted on the Karachi Stock Exchange of Pakistan. The registered office of the company is located in Karachi. The symbol “JUBS” is being used by the stock exchanges for the shares of Jubilee Spinning and Weaving Mills Limited.

Karachi, Habib Sugar Mills Limited informed Pakistan Stock Exchange that the relevant extracts of the minutes of meeting of the Board of Directors of the Company held on December 24, 2016. Habib Sugar Mills Limited is a public limited Company incorporated in Pakistan, with its shares quoted on the Pakistan Stock Exchange. The Company is engaged in the manufacturing and marketing of refined sugar, molasses, ethanol, liquid carbon dioxide, household textiles and providing bulk storage facilities. The symbol “HABSM” is being used by the stock exchanges for the shares Habib Sugar Mills Limited.

Karachi, Awwal Modaraba Management Limited informed Pakistan Stock Exchange about transaction of certificates of the company. 19,000 certificates @ Rs. 11 per certificate were bought from the market on December 30, 2016. Awwal Modaraba Management Limited (AMML) is licensed by the Registrar of Modarabas, Securities and Exchange Commission of Pakistan to float and manage multipurpose Modaraba Funds. The Company was incorporated on June 5, 2014 with an authorized and paid-up capital of PKR 300 million and PKR 105 million, respectively, as a wholly owned subsidiary of Pak Brunei Investment Company Limited (“Pak Brunei”). The establishment of a Modaraba Management Company (MMC) is expected to translate into significant financial benefits for its shareholders and investors in the Modaraba funds. The symbol “AWWAL” is being used by the stock exchange for the Awwal Modaraba Management Limited.