PSX Stock Market

Unity Foods Ltd approved acquisition of 31% shares of Sunridge Food (Pvt) Ltd

Unity Foods Limited approved in principle acquisition of 16,467,818 (31%) shares of Sunridge Food (Pvt) Ltd at Rs. 28 per share. It may be noted that the company also holds 69% shares of of Sunridge Food (Pvt) Ltd. This acquisition is subject to approval of shareholders for which General Meeting will be convened in due […]

Stock Market

Kohat Cement approves setting up of Cement manufacturing Plant

In a latest notification to the PSX, Kohat Cement Company Limited (PSX:KOHC) in its Board of Directors meeting has approved subject to all regulatory approvals, setting up of 7,800-10,000 tpd Cement manufacturing Plant along with 8-10 MW Waste Heat Recovery and 25MW Coal fired Recovery Power Plants, in Khushab , Punjab. The estimated cost of […]

Economy Stock Market

ECC approves the removal of dividend distribution cap on MPCL

The Economic Coordination Committee (ECC) was presided over by Minister for Finance and Revenue Dr Abdul Hafeez Shaikh on Wednesday received a summary from the Petroleum Division for removal of dividend distribution cap on Mari Gas Company Limited (MPCL) under Gas Pricing Agreement as the company is being considered for privatisation. The ECC of the […]

Stock Market

CPI clocked in at 5.7% in January 2021

Pakistan Bureau of Statistics (PBS) released the Consumer Price Index (CPI) inflation figure for the month ended January, 2021. The CPI clocked at 5.7%YoY in January 2021 as compared to an increase of 8.0% in the previous month and 14.6% in January 2020. On month-on-month basis, it decreased by 0.2% in January 2021 as compared to […]

Stock Market

Hascol’s board approve to increase the Authorize capital from Rs. 10Bn to Rs. 50Bn

Hascol Petroleum Limited in a latest notification to PSX, has announced that its board of Directors approved the increase in Authorize share capital of the company from rs. 10Bn to Rs. 50Bn subject to obtaining the requisite approvals from the shareolder of the company. Please follow and like us:

Stock Market

Lucky Cement decided to increase its cement production capacity at its Pezu plant

Lucky Cement in a notification to PSX, announced that company has decided to increase its cement production capacity at its Pezu plant by Rs. 3.15Mn tonnes per annum. This has been done with the increasing demand in the domestic cement industry on the back of revival of economic activity and an uptick in the construction […]