Cherat Cement Co. Ltd. Demonstrates Strong Financial Results

Peshawar, Cherat Cement Co. Ltd. (CHCC) has announced a daily weighted average rate of Rs. 154.65 and a paidup capital of Rs. 1,942.95 million. The distributions for the company have risen from 30% in the previous year to 45% this year, with a 15% interim (I) dividend. CHCC reported an EPS of Rs. 22.67 for January-February 2024. The market lot for the company is set at 10 shares, with the previous book closure date being February 28, 2022. Cherat Cement was listed on the Pakistan Stock Exchange back in 1985.

National Bank of Pakistan Announces Details for 75th AGM Voting Procedures

Karachi, In accordance with the Companies (Postal Ballot) Regulations, 2018, as amended, the National Bank of Pakistan (NBP) has published the ballot paper for voting through post. This step is ahead of its 75th Annual General Meeting (AGM) scheduled to take place on Thursday, March 28, 2024, both physically and through electronic means. The bank aims to facilitate shareholder participation in critical decision-making processes, emphasizing transparency and accessibility.

The notice for the upcoming AGM and voting procedures was initially announced in newspapers on March 7, 2024. The NBP has outlined the mechanisms for voting on Special Agenda Items 04, 05, and 06, which are crucial for the bank's future operations and governance. Detailed information about the voting process, including timelines and the ballot paper, is available on the bank's official website (www.nbp.com.pk) and was annexed with the advertisement for broader accessibility.

Shareholders are encouraged to express their vote on significant resolutions such as the renewal with amendments of the Board's Remuneration Policy, the approval for the transmission of Annual Audited Accounts via a QR-enabled Code and web link, and authorizing Mr. Rehmat Ali Hasnie, President/CEO of NBP, to sign necessary documents for the closure of NBP's overseas branches in Kyrgyz Republic, Azerbaijan, and the subsidiary bank in Almaty. These steps reflect NBP's commitment to modernize and streamline its operations while ensuring compliance with regulatory requirements.

Votes can be cast by sending the duly filled-in ballot paper to the designated email address of the Chairman (agm@nbp.com.pk) or the physical address provided. Shareholders are reminded of the importance of including a copy of their CNIC with their ballot form and ensuring that their forms reach the Chairman by March 27, 2024, 05:00 p.m. to be considered valid for the AGM.

Engineering Sector Experiences a Slight Decrease

Karachi, The Engineering sector faced a minor decrease with a market capitalization of Rs. 105,962,406,103 and a traded value of Rs. 190,500,545.980 from a turnover of 4,766,265. The sector's index adjusted to 33,379.690, reflecting a net change of -87.280 and contributing 1.151% to the market capitalization as of March 15, 2024, in the Pakistan Stock Exchange.

Jute Sector Reports No Trading Activity

Karachi, The Jute sector reported no trading activity, with a market capitalization of Rs. 193,665,726. The sector's index remained unchanged at 19,109.000, representing a minuscule 0.002% of the market capitalization on the Pakistan Stock Exchange as of March 15, 2024.

AGP Limited Registers Growth with Notable Dividend Payout

Karachi, AGP Limited (AGP), positioned within the pharmaceutical industry, announced its financial performance for the period ending in February 2024. The company has demonstrated growth with an earnings per share (EPS) of Rs. 5.1 for the year 2022/2023. In a significant move to benefit its shareholders, AGP Limited declared a 20% cash dividend alongside a 25% bonus issue. This strategic decision reflects the company’s strong financial standing and its commitment to returning value to its investors. Since its listing in 2018, AGP Limited has consistently worked towards enhancing its market position and financial health, as evidenced by its recent financial disclosures.

Saritow Spinning Mills Ltd. Registers Substantial Loss

Karachi, Saritow Spinning Mills Ltd. (SSML) has recorded a significant loss with an earnings per share (EPS) of Rs (14.45) for January-February 2024. The company, with a paidup capital of Rs 298.41 million, did not announce any dividends or bonuses for the fiscal year 2022/2023. Saritow Spinning Mills, with its inception in 1990, remains active in the textile sector and holds a market lot of 500 shares. The previous book closure was observed on October 21st.

Attock Refinery Ltd. Announces Dividend and Improved Earnings

Karachi, Attock Refinery Ltd. (ATRL) has declared a significant annual dividend for its shareholders, according to recent financial disclosures on the Pakistan Stock Exchange (PSE). The company, listed in 1980, has announced a final dividend of 25% (interim) in addition to a 125% increase from the previous year, showcasing a notable improvement in its financial performance. The earnings per share (EPS) for January to February 2024 period stood at Rs. 274.12, reflecting a robust profitability trend. The daily weighted average rate of ATRL's stock was recorded at Rs. 360.42, with a turnover highlighting active trading within the period.