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Karachi, Kohat Cement Limited (KCL) successfully executed its buy-back plan, purchasing a total of 2,998 of its own shares. The company undertook this action in accordance with the special resolutions passed during the extraordinary general meeting held on February 21, 2023.
The buy-back process was carried out through the Pakistan Stock Exchange Limited, where KCL actively participated in acquiring its shares. On May 24, 2023, the company procured a substantial portion of its own stock at an average price of PKR 150.25 per share.