Karachi, Power Cement Limited informed Karachi Stock Exchange about transactions of shares of the company. 40,000,000 shares @ Rs. 10.01 per share were purchased in the market on December 28, 2015, and 66,050,000 shares @ Rs. 10.01 per share were purchased in the market on December 29, 2015 through CDC.
Power Cement Limited formerly Al-Abbas Cement Industries Limited was established as a private limited company on December 1, 1981. On July 9, 1987 the company was converted into a Public Limited Company. The core operation of the company includes manufacturing and selling cement. The stocks of the company are quoted on the Karachi and Lahore Stock Exchanges in Pakistan. The registered office of the company is located in Karachi.
Power Cement Limited is part of the Arif Habib Group which is related to securities brokerage, investment and financial advisory, investment management, commercial banking, commodities, and private equity cement and fertilizer industry.
The symbol “POWER” is being used by the stock exchanges for the shares of Power Cement Limited.